This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 1 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. WHEN STARTED OF NEW ECONOMIC POLICY IN INDIA A) 1981. B) 1991. C) 1995. D) 1971. Show Answer Correct Answer: B) 1991. 2. This type of enterprise is suitable where secrecy and strict control is required. A) Departmental undertaking. B) Government company. C) Statutory corporation. D) Cooperative societies. Show Answer Correct Answer: A) Departmental undertaking. 3. Manufacturing enterprises having Rs 25 lakh Investment in Plant and Machinery is called: A) Small Enterprise. B) Micro Enterprise. C) Medium Enterprise. D) None of the above. Show Answer Correct Answer: B) Micro Enterprise. 4. Concerned minister of Departmental undertaking is responsible to? A) Parliament. B) State Legislature. C) Both A and B. D) None of these. Show Answer Correct Answer: A) Parliament. 5. The private sector consists of business owned by ..... A) Individuals or group of individuals. B) State government. C) Ministers. D) Central government. Show Answer Correct Answer: A) Individuals or group of individuals. 6. The funding of ..... directly comes from government treasury. A) Statutory Corporation. B) Departmental Undertakings. C) Government Company. D) All of the above. Show Answer Correct Answer: B) Departmental Undertakings. 7. BROADCASTING IS THE EXAMPLE OF: A) DEPARTMENTAL UNDERTAKING. B) GOVT. COMPANY. C) PUBLIC CORPORATION. D) MNCs. Show Answer Correct Answer: A) DEPARTMENTAL UNDERTAKING. 8. Which of the following is NOT an advantage of multinational companies in developing countries? A) Employment generation. B) Increase in exports. C) Advanced technology. D) Reduction in competition. Show Answer Correct Answer: D) Reduction in competition. 9. Which type of enterprise only has freedom in its name? A) Public corporation. B) Departmental undertaking. C) Government company. D) Cooperative societies. Show Answer Correct Answer: C) Government company. 10. Which of the following is true about statutory corporation? A) Statutory corporations are public enterprises which come into existence by a special act of parliament. B) Statutory corporations are subject to same accounting and audit rules as applicable to other government departments. C) Statutory corporations are funded directly by government treasury. D) None of the above. Show Answer Correct Answer: A) Statutory corporations are public enterprises which come into existence by a special act of parliament. 11. A public company necessarily is a public sector organization. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 12. Fire insurance is a contract of indemnity. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 13. Public sector enterprise is owned, managed and controlled by the board of directors of that enterprise. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 14. Disinvestment of PSEs implies A) Buying shares of PSEs. B) Closing down private sector/public operations. C) Investing in new areas. D) Sale of equity shares to public. Show Answer Correct Answer: D) Sale of equity shares to public. 15. Which of the following is the main source of funding for public corporations? A) Venture capital. B) International loans. C) Shareholder investment. D) Government taxation. Show Answer Correct Answer: D) Government taxation. 16. Ship, cargo and freight are important elements of Fire Insurance. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 17. There is high degree of Nepotism in ..... A) Government Company. B) Statutory Corporation. C) Departmental Undertakings. D) All of the above. Show Answer Correct Answer: A) Government Company. 18. Public sector enterprises are governed by: A) Private individuals. B) Government policies and laws. C) International laws only. D) Private sector policies. Show Answer Correct Answer: B) Government policies and laws. 19. The acronym SME stands for ..... A) Small and Middle Employers. B) Small and Medium sized Enterprises. C) Small Micro Entities. D) Small Middle Employees. Show Answer Correct Answer: B) Small and Medium sized Enterprises. 20. Global enterprises operate through a network of subsidiaries, branches and affiliates in host countries A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 21. Conversion of a PSU into a private sector enterprise is termed as ..... A) De-urbanisation. B) Liberalisation. C) Globalisation. D) Privatisation. Show Answer Correct Answer: D) Privatisation. 22. The interference of the government in the day to day working is the highest in the case of A) Departmental undertaking. B) Government company. C) Statutory corporation. D) None of the above. Show Answer Correct Answer: A) Departmental undertaking. 23. When two business enterprises agree to join together for a common objective and mutual gain, it gives rise to A) Joint stock company. B) Joint Venture. C) MNC. D) Partnership. Show Answer Correct Answer: B) Joint Venture. 24. As per MSMED Act, 2006, in manufacturing sector a micro enterprises is? A) Investment in plant and machinery in between Rs 25 lakh and Rs 5 Cr. B) Investment in plant and machinery in more than Rs 10 Cr. C) Investment in plant and machinery in between Rs 5 Cr and Rs 10 Cr. D) Investment in plant and machinery in less than or equal to Rs 25 Lakh. Show Answer Correct Answer: D) Investment in plant and machinery in less than or equal to Rs 25 Lakh. 25. Despite of red tapism and corruption in the public sector, it cannot be completely eliminated from the system due to which of the following reasons? A) Collection of public revenue. B) Maintenance of confidentiality. C) Ensuring balanced regional development. D) All of the above. Show Answer Correct Answer: D) All of the above. 26. The paid up capital held by government in government company is not less than A) 50%. B) 54%. C) 51%. D) 49%. Show Answer Correct Answer: C) 51%. 27. LIC is an example of ..... A) Statutory Corporation. B) Departmental Undertakings. C) Government Compnay. D) A and B both. Show Answer Correct Answer: A) Statutory Corporation. 28. The nature and power of a Statutory Corporation is defined in ..... A) Special statute. B) Companies Act 2013. C) Both A & B. D) None of these. Show Answer Correct Answer: A) Special statute. 29. The revenue of departmental undertakings is deposited in ..... A) Government Treasury. B) State Treasury. C) Company Treasury. D) All of the above. Show Answer Correct Answer: A) Government Treasury. 30. WHAT TERM IS USED FOR SALE OF SHARE TO PRIVATE /PUBLIC SECTOR A) DISINVESTMENT. B) INVESTMENT. C) CAPITAL. D) NONE. Show Answer Correct Answer: A) DISINVESTMENT. 31. Under Start up scheme government of India offer: A) Easy Registration. B) Tax Exemption. C) No Inspection. D) All of the above. Show Answer Correct Answer: D) All of the above. 32. In a government company atleast 51% of paid up capital should be held by: A) Fully by the state government. B) Fully by the central government. C) Partly by both state and central governments. D) Any of the above. Show Answer Correct Answer: D) Any of the above. 33. Reconstruction of Sikh public sector units is taken up by A) MOFA. B) NRF. C) BIFR. D) MOLL. Show Answer Correct Answer: C) BIFR. 34. Which of these industries belongs to the Manufacturing Sector? A) ECommerce. B) Hospitality. C) Banking. D) Chemicals. Show Answer Correct Answer: D) Chemicals. 35. What is a government company defined as? A) A company with less than 51% government ownership. B) A non-profit organization. C) A company established under the Companies Act. D) A partnership firm. Show Answer Correct Answer: C) A company established under the Companies Act. 36. ..... And ..... are important documents of Government company A) Prospectus and article of association. B) Memorandum and Article of association. C) Memorandum and annual report. D) None of the above. Show Answer Correct Answer: B) Memorandum and Article of association. 37. Is ONGC an example of an Indian energy multinational company? A) True. B) False. C) Can't Say. D) Partly True. Show Answer Correct Answer: A) True. 38. Private investors can not hold shares in Government companies. A) True. B) False. C) Partially False. D) Can't say. Show Answer Correct Answer: B) False. 39. Which of the following is not a merit of Statutory corporations. A) (a)They are autonomous organisation. B) (b)They are a valuable instrument for economic development. C) C) When national security is concerned this form is the most suitable. D) D) The government generally does not interfere in their financial matters. Show Answer Correct Answer: C) C) When national security is concerned this form is the most suitable. 40. Which organization primarily provides financial assistance to developing countries? A) World Bank. B) UNESCO. C) IMF. D) WTO. Show Answer Correct Answer: A) World Bank. 41. Disinvestments of Public Sector Enterprises was done by ..... A) Closing down private sector. B) Sale of equity shares to public. C) Buying shares of PSE's. D) Investing in new areas. Show Answer Correct Answer: B) Sale of equity shares to public. 42. The oldest form of organisation of public enterprises A) Multi-national corporation. B) Departmental undertakings. C) Government company. D) Statutory corporation. Show Answer Correct Answer: B) Departmental undertakings. 43. Which type of public sector enterprise is financed by the government and its income is deposited in the government treasury? A) Partnership. B) Company. C) Departmental undertaking. D) Sole proprietorship. Show Answer Correct Answer: C) Departmental undertaking. 44. Public corporations are often criticized for: A) Being profit-driven. B) Providing essential utilities. C) Facing little competition, leading to inefficiency. D) Raising finance through stock markets. Show Answer Correct Answer: C) Facing little competition, leading to inefficiency. 45. As India has adopted the framework of capitalist economy, thus all business organisations can be grouped as privately owned and government owned organisations. A) True. B) False. C) Can't say. D) Partially true. Show Answer Correct Answer: B) False. 46. Centralised control in MNC's implies control exercised by ..... A) Head quarters. B) Parliament. C) Branches. D) Subsidiaries. Show Answer Correct Answer: A) Head quarters. 47. Two private organizations may not come together to form a Joint Venture. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 48. The first step in developing a business plan is to ..... A) Identify strategic alternatives. B) Write the plan. C) Gather and review information. D) Ask an expert to review the plan. Show Answer Correct Answer: C) Gather and review information. 49. Which of the following best describes the private sector? A) Organizations owned and controlled by the government. B) Businesses run for profit and owned by individuals or groups. C) Charities funded by donations. D) Non-profit organizations. Show Answer Correct Answer: B) Businesses run for profit and owned by individuals or groups. 50. As per the statistics, Small Medium Enterprises accounts how much % of industrial output? A) 30%. B) 60%. C) 45%. D) 90%. Show Answer Correct Answer: C) 45%. 51. Which type of enterprise is characterized by investment from both the public and private sectors? A) Joint venture. B) Private enterprise. C) Cooperative enterprise. D) Public enterprise. Show Answer Correct Answer: A) Joint venture. 52. MSME Act was passed in which year? A) 2016. B) 2018. C) 2012. D) 2006. Show Answer Correct Answer: D) 2006. 53. In your neighborhood market, there are shops owned by sole proprietors or big retail organisations run by a company. They belong to which sector? A) Social. B) Public. C) Private. D) Mix. Show Answer Correct Answer: C) Private. 54. A GOVERNMENT COMPANY IS ANY COMPANY IN WHICH THE PAID-UP CAPITAL HELD BY THE GOVERNMENT IS NOT LESS THAN A) 51 PERCENT. B) 25 PERCENT. C) 49 PER CENT. D) 50 PER CENT. Show Answer Correct Answer: A) 51 PERCENT. 55. Which of these is a typical challenge faced by NGOs? A) Reliance on volunteer work and unpredictable funding. B) Unlimited liability for members. C) Inability to operate internationally. D) Over-reliance on government ownership. Show Answer Correct Answer: A) Reliance on volunteer work and unpredictable funding. 56. Which of these is a key feature of the private sector? A) Services provided free of charge. B) Ownership rests with the state. C) Financed mainly through taxation. D) Decisions made with a focus on profit maximization. Show Answer Correct Answer: D) Decisions made with a focus on profit maximization. 57. Which of the following is an example of a department that is an extension of the ministry? A) Railways. B) BSNL. C) ONGC. D) LIC. Show Answer Correct Answer: D) LIC. 58. Which of the following is an example of a public sector enterprise in India? A) Infosys. B) Reliance Industries. C) NTPC. D) ICICI Bank. Show Answer Correct Answer: C) NTPC. 59. How many industries are now reserved for public sector? A) 3. B) 1. C) 2. D) 4. Show Answer Correct Answer: A) 3. 60. Departmental enterprises is the form of public sector enterprises which is most suitable for operations where national security is concerned A) True. B) False. C) Can't say. D) Partially true. Show Answer Correct Answer: A) True. Next →Related QuizzesCommerce QuizzesClass 11 QuizzesClass 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 2Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 3Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 4Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 5Class 11 Business Studies Chapter 1 Business, Trade And Commerce QuizClass 11 Business Studies Chapter 10 International Business QuizClass 11 Business Studies Chapter 2 Forms Of Business Organisation QuizClass 11 Business Studies Chapter 4 Business Services Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books