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 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 2 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A joint venture may be the result of an agreement between businesses in different countries A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 2. It refers to the process of sale of equity shares to the private sector and to the public A) Disinvestment. B) Globalisation. C) Economies of scale. D) Import Substitution. Show Answer Correct Answer: A) Disinvestment. 3. Government holds minimum ..... paid up capital of a government company. A) 50%. B) 49%. C) 26%. D) 51%. Show Answer Correct Answer: D) 51%. 4. Which advertising tool the business use, when they advertise position within the business: A) Notice board. B) Newspaper. C) Billboard. D) Radio. Show Answer Correct Answer: A) Notice board. 5. The private sector consists of business owned by individuals or a group of individuals. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 6. SAIL is example of ..... A) Government Company. B) Statutory Corporation. C) Departmental Undertakings. D) None of the above. Show Answer Correct Answer: A) Government Company. 7. Huge commercial organization which extend their operations through a network of their branches in several countries are known as ..... A) Departmental undertakings. B) Statutory organisation. C) Global enterprises. D) Government organisation. Show Answer Correct Answer: C) Global enterprises. 8. Who works to uplift the sick industries of public sector? A) MOFA. B) BIFR. C) NRF. D) MOU. Show Answer Correct Answer: B) BIFR. 9. Which of the following is a limitation of departmental undertakings? A) High degree of public accountability. B) Direct control by the ministry. C) Flexibility in decision-making. D) Political interference. Show Answer Correct Answer: D) Political interference. 10. Public Corporations are fully owned by ..... A) State. B) Government. C) Public. D) All of these. Show Answer Correct Answer: B) Government. 11. The government doesnot interfere in the working of a start up for the first three years; it is related to which scheme of start up. A) Tax exemption. B) Capital gain exemption. C) No inspection. D) None of the above. Show Answer Correct Answer: C) No inspection. 12. The oldest and most traditional form of organising public sector enterprises is: A) Statutory corporation. B) Departmental undertaking. C) Government companies. D) Both B and C. Show Answer Correct Answer: B) Departmental undertaking. 13. The departmental undertaking is under the overall and ultimate control of a ..... A) Parliament. B) Board of Directors. C) Managers. D) Minister. Show Answer Correct Answer: D) Minister. 14. What is the main aim of a cooperative society? A) Service to members. B) Competing with private companies. C) Providing luxury services. D) Maximizing profits. Show Answer Correct Answer: A) Service to members. 15. Reena maintains her family by using her private vehicle for hire. Identify as public or private sector. A) Private. B) Public. C) All the above. D) None of the above. Show Answer Correct Answer: A) Private. 16. Airtel is a big company providing telecom services to millions of people in India. Similarly, BSNL also provides telecom services to many people.Government of India is holding 100%of the share capital of BSNL, whereas Airtel is not under the direct control of government. Identify the sectors in which Airtel and BSNL enterprises are working. A) Private and public. B) Public. C) Private. D) None of these. Show Answer Correct Answer: A) Private and public. 17. Which of the following DO NOT justify the objective of establishing public sector enterprises? A) To achieve nuclear power development in the country. B) To achieve regional balance. C) To achieve economies of scale. D) To achieve economic growth. Show Answer Correct Answer: A) To achieve nuclear power development in the country. 18. Which of the following is a key objective of public sector enterprises in India? A) Social welfare. B) Profit maximization. C) Attracting foreign investment. D) Providing employment only to skilled labor. Show Answer Correct Answer: A) Social welfare. 19. A government company enjoys maximum autonomy. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. What is an enterprise that comes into existence after an act is passed in Parliament called? A) Govt. company. B) Government Corporation. C) Parliament company. D) Public corporation. Show Answer Correct Answer: D) Public corporation. 21. In a mixed economy, resources are owned by: A) Only the public sector. B) Only the private sector. C) Both public and private sectors. D) Only multinational corporations. Show Answer Correct Answer: C) Both public and private sectors. 22. WRITE THE FULL FORM OF P.P.P. A) PARTNER OF PUBLIC & PRIVATE. B) PUBLIC PRIVATE PARTNERSHIP. C) PUBLIC PRIVATE PROPRIETOR. D) NONE. Show Answer Correct Answer: B) PUBLIC PRIVATE PARTNERSHIP. 23. What do we call an enterprise with huge capital and branches spread all over the country? A) Global enterprise. B) Large corporation. C) Huge company. D) Joint venture. Show Answer Correct Answer: A) Global enterprise. 24. A tiny unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than . A) (a) 35 lakhs. B) (d) 25 lakhs. C) (c ) 30 lakhs. D) (b) 50 lakhs. Show Answer Correct Answer: B) (d) 25 lakhs. 25. ..... is defined as one in which the investment in fixed assets of plant and machinery dies not exceed rs. 1 crore. A) (a) small scale industry. B) (b) limited company. C) (c ) large scale industry. D) (d) none of these. Show Answer Correct Answer: A) (a) small scale industry. 26. In whose name the shares of the government company are purchased? A) President. B) Prime Minister. C) Minister of Corporate affaires. D) None of the above. Show Answer Correct Answer: A) President. 27. A ..... is an invention or creation that is brand new. A) Advancement. B) Innovation. C) Imporvement. D) Development. Show Answer Correct Answer: B) Innovation. 28. The board of directors of the company are appointed by A) Government. B) Public. C) Shareholders. D) None of these. Show Answer Correct Answer: C) Shareholders. 29. Which policy emphasized liberalization and privatization in India? A) Industrial Policy Resolution 1956. B) Five Year Plans. C) Industrial Policy Resolution 1948. D) New Economic Policy 1991. Show Answer Correct Answer: D) New Economic Policy 1991. 30. Name the organisation that performs the audit of Government department. A) Institute of chartered accountants. B) Comptroller & auditor general of India. C) State audit organisation. D) Auditor & Comptroller of lndia. Show Answer Correct Answer: B) Comptroller & auditor general of India. 31. Public Sector Enterprises are owned by? A) State Government. B) Central Government. C) Both of these. D) None of these. Show Answer Correct Answer: C) Both of these. 32. Which sector contributes to infrastructure development in a country? A) Private sector. B) Public sector. C) Cooperative sector. D) None of the above. Show Answer Correct Answer: B) Public sector. 33. The branches of Global Enterprises are also called majority owned foreign affiliates. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 34. Indian economy is a mixed economy. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 35. Which one of the following is a featureof Public Private Partnership A) Joint management responsibility. B) Balance regional development. C) Self reliance. D) Foreign collaboration. Show Answer Correct Answer: A) Joint management responsibility. 36. A person who is associated with starting a business is know as A) Merchant. B) Salesman. C) Entrepreneur. D) Businessman. Show Answer Correct Answer: C) Entrepreneur. 37. MARUTI SUZUKI IS THE EXAMPLE OF A) PPP. B) JOINT VENTURE. C) PUBLIC SECTOR. D) MNCs. Show Answer Correct Answer: B) JOINT VENTURE. 38. Disinvestments of PSE's implies A) Sale of equity shares to public. B) Buying shares of PSE's. C) Investing in new areas. D) Closing down private sector. Show Answer Correct Answer: A) Sale of equity shares to public. 39. Departmental undertakings are considered as a part or an extension of its ..... : A) Municipal corporation. B) State government. C) Holding company. D) Ministry. Show Answer Correct Answer: D) Ministry. 40. The Industrial Policy Resolution of 1956 in India classified industries into how many categories? A) 1. B) 4. C) 2. D) 3. Show Answer Correct Answer: D) 3. 41. Public Ltd. company comes under which sector? A) Public sector. B) Private sector. C) Joint sector. D) None of the above. Show Answer Correct Answer: B) Private sector. 42. What is the primary aim of public sector organizations? A) Maximizing shareholder profit. B) Providing essential goods and services for society. C) Promoting entrepreneurship. D) Competing with multinational corporations. Show Answer Correct Answer: B) Providing essential goods and services for society. 43. What is the primary goal of NGOs? A) Generating profits for shareholders. B) Delivering social, environmental, or humanitarian benefits. C) All the above. D) None of the above. Show Answer Correct Answer: B) Delivering social, environmental, or humanitarian benefits. 44. Government decided to sell the shares in telecom department to private sector. This is an example of: A) Disinvestment. B) Memorandum of undertaking. C) Reconstruction. D) Rehabilitation. Show Answer Correct Answer: A) Disinvestment. 45. This type of enterprises have separate legal entity. A) Statutory corporation. B) Cooperative societies. C) Government companies. D) All of the above. Show Answer Correct Answer: D) All of the above. 46. In which of the following enterprises appointments of employees are made through UPSC and SSB and are headed by IAS officers and civil servants? And, are IAS officers and civil servants are transferable? A) Statutory corporation, no. B) Departmental undertaking, no. C) Statutory corporation, yes. D) Departmental undertaking, yes. Show Answer Correct Answer: D) Departmental undertaking, yes. 47. D) Established brand name (a) 5) There are various restrictive clauses in the agreement relating to transfer of technology, pricing, dividend payments etc. is a feature of A) Partnership firm. B) Statutory corporations. C) Government companies. D) Global enterprises. Show Answer Correct Answer: D) Global enterprises. 48. Which of the following is NOT a form of public enterprise? A) Government company. B) Departmental undertaking. C) Sole proprietorship. D) Statutory corporation. Show Answer Correct Answer: C) Sole proprietorship. 49. Micro enterprise are those whose investment in plant and machinery does not exceed. A) (a) 3 lakhs. B) (d) 2 lakhs. C) (c ) 1 lakhs. D) (b) 5 lakhs. Show Answer Correct Answer: C) (c ) 1 lakhs. 50. When two business enterprises work together for a particular purpose that is called ..... A) Partnership. B) Company. C) Joint Hindu Family Business. D) Joint venture. Show Answer Correct Answer: D) Joint venture. 51. To process imported raw materials, which institute help SSI: A) NSIC. B) DIC. C) BOTH. D) NONE OF THE ABOVE. Show Answer Correct Answer: A) NSIC. 52. A manufacturing enterprise having capital investment in Plant and Machinery upto Rs 25 lakh is called: A) Micro Enterprise. B) Small Enterprise. C) Medium Enterprise. D) Large Enterprise. Show Answer Correct Answer: A) Micro Enterprise. 53. Which of the following has the power of the government and the considerable amount of operating flexibility of private enterprises? A) Departmental undertakings. B) Statutory corporations. C) Government companies. D) All of the above. Show Answer Correct Answer: B) Statutory corporations. 54. What is the main objective of the Reserve Bank of India (RBI) in formulating and implementing monetary policy? A) To maintain price stability and promote growth. B) To maximize profits for the government. C) To control the stock market. D) To regulate foreign exchange rates. Show Answer Correct Answer: A) To maintain price stability and promote growth. 55. ONGC is an example of: A) Private company. B) Government company. C) Departmental undertaking. D) Statutory corporation. Show Answer Correct Answer: D) Statutory corporation. 56. The insurance industry forms part of the ..... sector A) Primary. B) Secondary. C) Informal. D) Tertiary. Show Answer Correct Answer: D) Tertiary. 57. Which of the following sector is now privatised? A) Defence. B) Telecom. C) Railways. D) Atomic energy. Show Answer Correct Answer: B) Telecom. 58. Which of the following is true about statutory corporations? A) Statutory corporations are public that come into existence by Special Act of the Parliament. B) Statutory corporations are subject to the same accounting and audit procedures as are applicable to government departments. C) Statutory enterprises are funded directly by the government treasury. D) The employees of statutory enterprises are civil servants. Show Answer Correct Answer: A) Statutory corporations are public that come into existence by Special Act of the Parliament. 59. 'Global enterprises may issue equity shares, debentures or bonds to public' identify this feature: A) Foreign collaboration. B) Huge capital resource. C) Centralized control. D) Product innovation. Show Answer Correct Answer: B) Huge capital resource. 60. How are decisions typically made in cooperatives? A) By board of directors with majority voting power. B) Democratically, with each member having one vote. C) By the largest shareholder only. D) By government decree. Show Answer Correct Answer: B) Democratically, with each member having one vote. ← PreviousNext →Related QuizzesCommerce QuizzesClass 11 QuizzesClass 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 1Class 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