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 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 4 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. "As government is the majority shareholder, it exercises control over the affairs of the company." Which feature of government company highlighted in the given lines? A) Audit procedure. B) Separate legal entity. C) Formation. D) Ownership. Show Answer Correct Answer: D) Ownership. 2. These are those enterprises in which at least ..... paid up share capital is held by central and / or state government, jointly or individually. A) 75%. B) 31%. C) 21%. D) 51%. Show Answer Correct Answer: D) 51%. 3. CENTRALIZED CONTROL IN MNCS IMPLIES CONTROL EXERCISED BY A) SUBSIDIARIES. B) BRANCHES. C) PARLIAMENT. D) HEADQUARTER. Show Answer Correct Answer: D) HEADQUARTER. 4. Disinvestment of PSU is imply A) Sale of equity to private sector. B) Closing down operations. C) Buying shares of PSU. D) Investing in new area. Show Answer Correct Answer: A) Sale of equity to private sector. 5. ..... are not allowed to use their own revenue freely A) Statutory Corporation. B) Departmental Undertakings. C) Government Compani. D) A and B. Show Answer Correct Answer: B) Departmental Undertakings. 6. LIC is an example of which type of corporation? A) Government company. B) Departmental Undertaking. C) Statutory Corporation. D) Public Company. Show Answer Correct Answer: C) Statutory Corporation. 7. Which of the following best defines an NGO? A) A non-profit organization independent of government, often working for humanitarian or environmental causes. B) A business funded by shareholders. C) A government-owned welfare service. D) A cooperative business. Show Answer Correct Answer: A) A non-profit organization independent of government, often working for humanitarian or environmental causes. 8. What is a key feature of statutory corporations? A) They are created by a Special Act of Parliament. B) They do not have legal status. C) They are part of the government department. D) They are owned by private individuals. Show Answer Correct Answer: A) They are created by a Special Act of Parliament. 9. A government company in any company in which the paid up capital held by the government is not less than A) 49%. B) 50%. C) 52%. D) None of the above. Show Answer Correct Answer: D) None of the above. 10. What type of economy is the Indian economy classified as? A) Global. B) Mixed. C) Capitalist. D) Socialist. Show Answer Correct Answer: B) Mixed. 11. Identify the false statement relating to departmental undertaking: A) Funding is directly from the government. B) They are accountable to ministry. C) Employees are government servants. D) They have complete autonomy in decision making. Show Answer Correct Answer: D) They have complete autonomy in decision making. 12. Public sector enterprises are organizations owned by A) Foreign Companies. B) Private entrepreneurs. C) Joint Hindu Family business. D) Government. Show Answer Correct Answer: D) Government. 13. Companies typically pursue Joint Ventures for all of the following main reasons except: A) To share risks for major investment. B) To bring out regional development. C) To gain scale efficiencies. D) To access a new market. Show Answer Correct Answer: B) To bring out regional development. 14. Global enterprises are also known as: A) Public enterprises. B) Cooperative societies. C) Domestic companies. D) Multinational companies. Show Answer Correct Answer: D) Multinational companies. 15. MNC's concentrate more on selling consumer goods which are always desirable for developing countries. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 16. Which of the following is an example of a public sector company? A) National Health Service (UK). B) Facebook. C) BMW. D) Amazon. Show Answer Correct Answer: A) National Health Service (UK). 17. All the below are Joint Ventures except: A) Maruti Suzuki Ltd. B) Kinetic Honda. C) Hindustan Aeronautics Ltd. D) Mahindra and Mahindra. Show Answer Correct Answer: D) Mahindra and Mahindra. 18. Which is the oldest form of public sector enterprises? A) Statutory Corporation. B) Departmental Undertaking. C) Government company. D) Public Company. Show Answer Correct Answer: B) Departmental Undertaking. 19. What is the main objective of multinational corporations (MNCs)? A) Providing social services. B) Protecting the domestic market. C) National welfare. D) Earning profit on a global scale. Show Answer Correct Answer: D) Earning profit on a global scale. 20. Which form of PSU has its own MoA and AoA? A) Private company. B) Government company. C) Departmental undertaking. D) None of the above. Show Answer Correct Answer: B) Government company. 21. ..... refers to shifting of responsibility on the shoulders of others. A) Green Tapism. B) Nepotism. C) Nenotism. D) Red Tapism. Show Answer Correct Answer: D) Red Tapism. 22. Which of these is a disadvantage of public sector enterprises? A) Monopoly in the market. B) Focus on profit over public welfare. C) Bureaucratic and slow decision-making. D) Excessive competition with the private sector. Show Answer Correct Answer: C) Bureaucratic and slow decision-making. 23. In which year India decided for a comprehensive reform of economy? A) 1999. B) 1985. C) 1988. D) 1991. Show Answer Correct Answer: D) 1991. 24. Air India is an Exmple of? A) Departmental Undertakings. B) Statutory corporation. C) Government Companies. D) None of these. Show Answer Correct Answer: B) Statutory corporation. 25. What is the main purpose of public sector enterprises? A) Reduce government spending. B) Compete with private companies. C) Provide essential services and infrastructure. D) Maximize profits for shareholders. Show Answer Correct Answer: C) Provide essential services and infrastructure. 26. The equity based joint venture does not include A) Limited liability partnership. B) Cooperative development. C) Company. D) Partnership. Show Answer Correct Answer: B) Cooperative development. 27. A multinational corporation operates in A) A complex business environment. B) A simple business environment. C) A difficult business environment. D) None of the above. Show Answer Correct Answer: A) A complex business environment. 28. MNC's do not have aggressive marketing strategies in order to increase the sales in a short period. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 29. Which one of the following is NOT a public sector undertaking? A) Partnership. B) Statutory corporation. C) Departmental undertaking. D) Government companies. Show Answer Correct Answer: A) Partnership. 30. Which of these industries does NOT belong to Manufacturing Sector? A) Leather. B) Food Processing. C) Gems and Jewellery. D) Tourism. Show Answer Correct Answer: D) Tourism. 31. PSE's are organizations owned by: A) Government. B) Foreign Companies. C) Private Enterpreneurs. D) Joint Hindu Family. Show Answer Correct Answer: A) Government. 32. ) Indian economy is a ..... economy A) Capitalist economy. B) Industrial economy. C) Socialist economy. D) Mixed economy. Show Answer Correct Answer: D) Mixed economy. 33. Identify the type of organisation highlighted in the given statement:"It is a government service or private business venture which is operated through a collaboration of government and one or more private sector companies." A) Government company. B) Public private partnership. C) Statutory corporation. D) Joint venture. Show Answer Correct Answer: B) Public private partnership. 34. Which of the following is a feature of private sector companies? A) They are funded by taxes. B) They can operate for profit and are privately owned. C) They are accountable only to government ministers. D) They must provide universal access to all citizens. Show Answer Correct Answer: B) They can operate for profit and are privately owned. 35. Here, accounting and audit rules are not same as the government departments A) Departmental undertaking. B) Statutory corporation. C) Both of the above. D) None of these. Show Answer Correct Answer: B) Statutory corporation. 36. A government company is any company in which the paid up capital held by the government is not less than ..... A) 25 percent. B) 50 percent. C) 51 percent. D) 49 percent. Show Answer Correct Answer: C) 51 percent. 37. Start up India Scheme was announed: A) 26th Jan 2015. B) 15th Aug 2015. C) 8th Nov 2016. D) None of the above. Show Answer Correct Answer: B) 15th Aug 2015. 38. What is the main motive of the Private sector? A) Both a and b. B) None of the above. C) Earning Profit. D) Social service. Show Answer Correct Answer: C) Earning Profit. 39. Which public sector company is known as the 'Navratna'? A) ONGC. B) Reliance Industries. C) Infosys. D) Tata Steel. Show Answer Correct Answer: A) ONGC. 40. The agreement in a partnership is referred to as a Partnership Deed while that in a Joint Venture is referred to as a/an ..... A) Memorandum of understanding. B) Legal Contract. C) All the above. D) None of the above. Show Answer Correct Answer: A) Memorandum of understanding. 41. Principle of Utmost Good Faith is not applicable in Life Insurance. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 42. Statutory corporations are formed by a Special Act of Parliament. The Act defines their powers objects and privileges A) True. B) False. C) Can't say. D) Partially false. Show Answer Correct Answer: A) True. 43. To protect a process, method or innovation one gets: A) Copy right. B) Patent. C) Trade mark. D) None of the above. Show Answer Correct Answer: B) Patent. 44. NAME THE ORG. FORMED BY PASSING A SPECIAL ACT. A) STATUARY COMPANY. B) JOINT VENTURE. C) GOVT. COMPANY. D) DEPARTMENTAL UNDERTAKING. Show Answer Correct Answer: A) STATUARY COMPANY. 45. Which of the following statements about social enterprises is correct? A) They primarily raise funds through donations. B) Their sole purpose is to maximize shareholder profit. C) They are government-owned. D) Their core purpose is to pursue social or environmental objectives. Show Answer Correct Answer: D) Their core purpose is to pursue social or environmental objectives. 46. Which of the following is an example of an NGO? A) Oxfam. B) Toyota. C) HSBC. D) Netflix. Show Answer Correct Answer: A) Oxfam. 47. WHO WILL BEAR THE UNLIMITED LIABILITY FROM THE FOLLOWING: A) SHAREHOLDER. B) DEBENTURE HOLDER. C) PARTNER. D) NONE. Show Answer Correct Answer: C) PARTNER. 48. A key feature of cooperatives is that they are: A) Owned by the government. B) Owned and run by members for their mutual benefit. C) Run by shareholders for profit. D) Managed by private investors. Show Answer Correct Answer: B) Owned and run by members for their mutual benefit. 49. Full form of MSME is A) Mini, small and Micro Enterprises. B) Micro, Small and Medium Enterprises. C) Micro, Small and Macro enterprises. D) Micro, small and Mini Enterprises. Show Answer Correct Answer: B) Micro, Small and Medium Enterprises. 50. Name the organisation that derives its powers from the special acts of Parliament. A) Government company. B) Statutory corporation. C) Departmental undertaking. D) Joint stock company. Show Answer Correct Answer: B) Statutory corporation. 51. Government of India establishes its enterprises in backward areas. By doing this, which objective is fulfilled? A) Regional balance. B) Economies of scale. C) Development of infrastructure. D) Import substitution. Show Answer Correct Answer: C) Development of infrastructure. 52. Which PSU was the first to be privatised successfully in India? A) ONGC. B) BHEL. C) GAIL. D) LJMC. Show Answer Correct Answer: D) LJMC. 53. The small scale industries can enjoy the status of ..... unit if it exports more than 50% of its production. A) (a) import oriented unit. B) (b) Export oriented unit. C) (c ) small scale unit. D) (d) domestic unit. Show Answer Correct Answer: B) (b) Export oriented unit. 54. Departmental undertakings are suitable in case of: A) Industrial undertakings. B) Infrastructural facilities. C) Commercial undertakings. D) National security. Show Answer Correct Answer: D) National security. 55. When your brand get legal protection and no one else is allowed to use it, this is called: A) Copy right. B) Patent. C) Trade Mark. D) None of the above. Show Answer Correct Answer: C) Trade Mark. 56. WHICH FORM OF PUBLIC SECTOR ENTERPRISE IS MOST SUITABLE WHEN NATIONAL SECURITY IS CONCERNED? A) PUBLIC CORPORATION. B) GOVT. COMPANY. C) PRIVATE SECTOR. D) DEPARTMENTAL UNDERTAKING. Show Answer Correct Answer: D) DEPARTMENTAL UNDERTAKING. 57. Which of the following is not a feature of departmental undertakings. A) The employees of the enterprise are not civil servants. B) They are generally considered to be a major subdivision of the government department. C) Funding of these enterprises directly come from government treasury. D) All of the above. Show Answer Correct Answer: A) The employees of the enterprise are not civil servants. 58. PSE's organisations owned by A) Foreign companies. B) Private entrepreneurs. C) Government. D) Joint Hindu family business. Show Answer Correct Answer: C) Government. 59. NAME THE COMPANY IN WHICH AT LEAST 51% SHARES ARE KEPT BY GOVERNMENT A) GOVT. COMP. B) PRIVATE COMP. C) MULTINATIONAL COMP. D) NONE. Show Answer Correct Answer: A) GOVT. COMP. 60. MNC's are able to conform to international standards and quality specifications because of their A) Advanced technology. B) Huge capital resource. C) Marketing strategies. D) Centralised control. Show Answer Correct Answer: A) Advanced technology. ← 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 3Class 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