This quiz works best with JavaScript enabled. Home > Class 11 > 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 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. WHEN STARTED OF NEW ECONOMIC POLICY IN INDIA A) 1991. B) 1981. C) 1971. D) 1995. Show Answer Correct Answer: A) 1991. 2. This type of enterprise is suitable where secrecy and strict control is required. A) Departmental undertaking. B) Statutory corporation. C) Government company. 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) State government. B) Central government. C) Individuals or group of individuals. D) Ministers. Show Answer Correct Answer: C) 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) PUBLIC CORPORATION. C) GOVT. COMPANY. 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) Advanced technology. C) Reduction in competition. D) Increase in exports. Show Answer Correct Answer: C) Reduction in competition. 9. Which type of enterprise only has freedom in its name? A) Cooperative societies. B) Departmental undertaking. C) Public corporation. D) Government company. Show Answer Correct Answer: D) 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) Sale of equity shares to public. B) Investing in new areas. C) Buying shares of PSEs. D) Closing down private sector/public operations. Show Answer Correct Answer: A) Sale of equity shares to public. 15. Which of the following is the main source of funding for public corporations? A) Shareholder investment. B) Government taxation. C) Venture capital. D) International loans. Show Answer Correct Answer: B) 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) Globalisation. B) De-urbanisation. C) Privatisation. D) Liberalisation. Show Answer Correct Answer: C) 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) Partnership. B) Joint Venture. C) Joint stock company. D) MNC. 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. 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