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 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 3 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. .... not been constituted as autonomous or independent institutions and as much are not independent legal entities. A) MHRD. B) Departmental undertakings. C) Indian Institute of foreign trade. D) All India ratio. Show Answer Correct Answer: B) Departmental undertakings. 2. The share of the government are purchased in the name of A) Board of directors. B) Share holders. C) President of India. D) None of the above. Show Answer Correct Answer: C) President of India. 3. Joint Ventures are formed by making an agreement which is legally termed as: A) Joint Venture Contract. B) Joint Venture Deed. C) Memorandum of Undertaking. D) Joint Venture Agreement. Show Answer Correct Answer: C) Memorandum of Undertaking. 4. As per MSMED Act 2006, in service sector a small enterprises is? A) Investment in equipment in less than or equal to Rs 10 Lakh. B) Investment in equipment in between Rs 10 lakh and Rs 2 Cr. C) Investment in equipment in between Rs 2 Cr and Rs 5 Cr. D) Investment in equipment in more than Rs 5 Cr. Show Answer Correct Answer: B) Investment in equipment in between Rs 10 lakh and Rs 2 Cr. 5. How are the powers and objectives of a public corporation defined? A) By Partnership Act. B) By Special Act. C) By Government Order. D) By Companies Act. Show Answer Correct Answer: B) By Special Act. 6. MNC's are in a position to exercise massive control of world economy because of their A) Capital resources and latest technology. B) Political interference. C) Low cost of production. D) Established brand name. Show Answer Correct Answer: A) Capital resources and latest technology. 7. The contribution, or investment or taking loan, order from more than one person is called: A) Venture capital. B) Loan from NBFC. C) Crowd funding. D) None of the above. Show Answer Correct Answer: C) Crowd funding. 8. This form of public sector enterprise is brought into existence by a special act of the parliament. A) (a)Government company. B) B)Statutory corporation. C) (c)Departmental undertakings. D) (d)None of the above. Show Answer Correct Answer: B) B)Statutory corporation. 9. What are the Reasons for Developing Small Enterprises in India? A) To generate Large Scale Employment Opportunities. B) To Eradicate Unemployment Problem. C) To promote balanced regional development. D) Equitable distribution of National Wealth & Income. E) All of the above. Show Answer Correct Answer: E) All of the above. 10. Indian economy consists of ..... A) Only Government Business. B) Only Private Business. C) Private and Government owned business. D) None of the above. Show Answer Correct Answer: C) Private and Government owned business. 11. BHEL was formed according to which Act? A) Cooperative Societies Act. B) Companies Act. C) Partnership Act. D) Hindu Succession Act. Show Answer Correct Answer: B) Companies Act. 12. A micro sized business employs how many people? A) Two people. B) No more than 50. C) Less than 10. D) One person. Show Answer Correct Answer: C) Less than 10. 13. IN WHICH FORM OF PUBLIC SECTOR ENTERPRISE, PRIVATE INDIVIDUALS CAN ALSO BECOME SHAREHOLDER? A) GOVT. COMPANY. B) STATUTORY CORPORATION. C) DEPARTMENTAL CORPORATION. D) PRIVATE CO. Show Answer Correct Answer: A) GOVT. COMPANY. 14. Which of the following is an example of a private sector enterprise? A) Infosys. B) NTPC. C) SBI. D) Indian Railways. Show Answer Correct Answer: A) Infosys. 15. Government companies can be owned by central and state government Jointly. A) True. B) False. C) Partially False. D) None of these. Show Answer Correct Answer: A) True. 16. Statutory corporations don't need not follow the Companies Act 2013. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 17. The performance of ..... will be discusses in parliament. A) Government company. B) Departmental undertakings. C) Public Company. D) All of these. Show Answer Correct Answer: B) Departmental undertakings. 18. Which of the following is a benefit of joint ventures? A) Increased government control. B) Higher taxes. C) Limited market access. D) Shared resources and risks. Show Answer Correct Answer: D) Shared resources and risks. 19. The public sector enterprises are owned, managed and controlled by the ..... A) Individuals. B) Investors. C) Foreigners. D) Government. Show Answer Correct Answer: D) Government. 20. STATE BANK OF INDIA IS THE EXAMPLE OF: A) DEPARTMENTAL UNDERTAKING. B) PUBLIC CARPORATION. C) MNCs. D) GOVT. CO. Show Answer Correct Answer: B) PUBLIC CARPORATION. 21. What is the main characteristic of a private sector enterprise? A) Government ownership. B) Private ownership. C) Mixed ownership. D) Ownership by both government and private sectors. Show Answer Correct Answer: B) Private ownership. 22. Service enterprise having Rs 5 crore investment in Plant and Machinery: A) Micro Enterprise. B) Small Enterprise. C) Medium Enterprise. D) None of the above. Show Answer Correct Answer: C) Medium Enterprise. 23. Government organizations are a part of the ..... sector. A) Public. B) Private. C) All the above. D) None of the above. Show Answer Correct Answer: A) Public. 24. Government companies are managed by? A) State Government. B) Central Government. C) Ministers. D) Board of Directors. Show Answer Correct Answer: D) Board of Directors. 25. Which sector includes industries, banks, and companies that are owned and managed by private individuals? A) Cooperative sector. B) Public sector. C) Private sector. D) Global sector. Show Answer Correct Answer: C) Private sector. 26. Which of the following is a key source of funding for NGOs? A) Share capital. B) Donations and grants. C) Profits from shareholders. D) Government taxation only. Show Answer Correct Answer: B) Donations and grants. 27. Government has given autonomy to a PSU to improve its performance but held it accountable for specified result under an agreement. What is this agreement called? A) MOA. B) AOA. C) MOU. D) GOU. Show Answer Correct Answer: C) MOU. 28. Public sector enterprise is owned, managed and controlled by the ..... A) Individuals. B) Government. C) Board of directors. D) None of the above. Show Answer Correct Answer: B) Government. 29. Dabur India Ltd. Comes under which sector in Indian economy? A) Public sector. B) Private sector. C) Both the above. D) None of these. Show Answer Correct Answer: B) Private sector. 30. What does the term 'disinvestment' refer to? A) Increasing government ownership in companies. B) Selling government shares in public enterprises. C) Investing in new public sector units. D) Creating new private companies. Show Answer Correct Answer: B) Selling government shares in public enterprises. 31. Which of the following sectors helps in earning foreign exchange for a country? A) Public sector. B) Global enterprises. C) Cooperative sector. D) None of the above. Show Answer Correct Answer: B) Global enterprises. 32. Which of the following find is odd with respect of Village and SmallScale Industry A) Handloom. B) KhadiIndurstries. C) Sericulture. D) Farming equipments. Show Answer Correct Answer: D) Farming equipments. 33. Which of the following is a reason governments operate public corporations? A) To provide essential services not attractive to private firms. B) To reduce unemployment in the private sector. C) To compete aggressively in global markets. D) To maximize profits for shareholders. Show Answer Correct Answer: A) To provide essential services not attractive to private firms. 34. NAME THE COMPANY FORMED AS A RESULT TO PARTNERSHIP BETWEEN TWO COMPANIES A) JOINT VENTURES. B) GOVT. COMPANY. C) MULTINATIONAL CO. D) PVT. COMPANY. Show Answer Correct Answer: A) JOINT VENTURES. 35. These type of enterprises are a source of government income. A) Company. B) Government companies. C) Departmental undertaking. D) Statutory corporation. Show Answer Correct Answer: C) Departmental undertaking. 36. A government approval is required to be able to form a Joint Venture in case a party to the venture is a foreigner or an NRI. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 37. Public enterprises are owned by public A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 38. Which one of the following is an example of public private partnerships A) Oil and Natural Gas Commision. B) Delhi Metro. C) Indian Railways. D) Gas Authority of India Ltd. Show Answer Correct Answer: B) Delhi Metro. 39. Public enterprises are owned by only public A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 40. Which company formed as a result of partnership between two companies? A) Statutory Company. B) Join Venture. C) Government company. D) Departmental Undertaking. Show Answer Correct Answer: B) Join Venture. 41. Choose the oldest form of public sector enterprises. A) SAIL. B) BHEL. C) LIC. D) Indian post. Show Answer Correct Answer: D) Indian post. 42. Departmental undertakings act through the ..... of the government: A) People. B) Officers. C) Employees. D) Agent. Show Answer Correct Answer: B) Officers. 43. Which of the following is a global enterprise? A) McDonald's. B) LIC of India. C) Tata Steel. D) Indian Railways. Show Answer Correct Answer: A) McDonald's. 44. Huge size, large number of products, network of operations all over the world is a A) Partnership firm. B) Departmental undertaking. C) Public sector undertaking. D) Global enterprises. Show Answer Correct Answer: D) Global enterprises. 45. What is one of the roles of the public sector in the economy? A) Encouraging monopolistic practices. B) Reducing employment opportunities. C) Providing infrastructure for industrialization. D) Limiting competition. Show Answer Correct Answer: C) Providing infrastructure for industrialization. 46. RECONSTRUCTION OF SICK PUBLIC SECTOR UNITS IS TAKEN UP BY A) MOLL. B) NRF. C) MOFA. D) BIFR. Show Answer Correct Answer: D) BIFR. 47. What is the main challenge faced by cooperatives? A) Limited liability for members. B) Mutual benefits. C) Ensuring democratic decision-making slows down processes. D) Shared ownership among members. Show Answer Correct Answer: C) Ensuring democratic decision-making slows down processes. 48. Private enterprises invest their funds in ..... A) Any area. B) Areas where risk is more. C) Areas where return is maximum. D) Secures money for long term with minimum risk. Show Answer Correct Answer: C) Areas where return is maximum. 49. What must enterprises do? A) They must employ people of he community. B) Look at workers performances. C) Deal with administrative task of a Union. D) They should develop detailed descriptions of each job. Show Answer Correct Answer: D) They should develop detailed descriptions of each job. 50. Corporate government is mostly concerned with: A) The well-being of the directors of a company. B) The different laws affecting the company. C) The trading of shares. D) The company's accountability to shareholders, the community and the environment. Show Answer Correct Answer: D) The company's accountability to shareholders, the community and the environment. 51. Centralized control in MNC implies control exercised by ..... A) Branches. B) Subsidiaries. C) Head quarters. D) Parliament. Show Answer Correct Answer: C) Head quarters. 52. Public sector organisations may either be partly or wholly owned by the ..... government. A) State. B) Central. C) Foreign. D) Central and state. Show Answer Correct Answer: D) Central and state. 53. The role of private and public sector were clearly defined by the government through A) Industrial policy 1991. B) The parliament. C) The industrial policy resolution 1948. D) The Indian companies act 2013. Show Answer Correct Answer: C) The industrial policy resolution 1948. 54. In which form of public sector enterprise, private individuals can become owners? A) Joint Ventures. B) Statutory corporation. C) Government company. D) Departmental undertakings. Show Answer Correct Answer: C) Government company. 55. A Public Private Partnership ensures higher quality and timely provision of public services. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 56. PSEs ARE ORGANISATIONS OWNED BY A) GOVERNMENT. B) JOINT HINDU FAMILY BUSINESS. C) FOREIGN COMPANIES. D) PRIVATE ENTREPRENEURS. Show Answer Correct Answer: A) GOVERNMENT. 57. Oligarchic management, giant size, huge market are few characteristic features of which of the following forms of organisation? A) Multi-national corporations. B) Join ventures. C) Statutory corporations. D) Departmental undertakings. Show Answer Correct Answer: A) Multi-national corporations. 58. Employees of Departmental undertakings are A) Government Officials. B) Not government officials. C) Personal Employees. D) Private Employees. Show Answer Correct Answer: A) Government Officials. 59. Which of the following is an example of a public sector organization? A) Tesla. B) British Broadcasting Corporation (BBC). C) Nike. D) Apple Inc. Show Answer Correct Answer: B) British Broadcasting Corporation (BBC). 60. ..... has its own examination boards. A) Departmental Undertakings. B) Statutory Corporation. C) Government Company. D) Both A and B. Show Answer Correct Answer: D) Both A and B. ← 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 2Class 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