This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 10 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. 2. 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. 3. 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. 4. NAME THE ORG. FORMED BY PASSING A SPECIAL ACT. A) DEPARTMENTAL UNDERTAKING. B) STATUARY COMPANY. C) JOINT VENTURE. D) GOVT. COMPANY. Show Answer Correct Answer: B) STATUARY COMPANY. 5. Which of the following statements about social enterprises is correct? A) Their sole purpose is to maximize shareholder profit. B) Their core purpose is to pursue social or environmental objectives. C) They are government-owned. D) They primarily raise funds through donations. Show Answer Correct Answer: B) Their core purpose is to pursue social or environmental objectives. 6. Which of the following is an example of an NGO? A) Oxfam. B) Netflix. C) Toyota. D) HSBC. Show Answer Correct Answer: A) Oxfam. 7. WHO WILL BEAR THE UNLIMITED LIABILITY FROM THE FOLLOWING: A) SHAREHOLDER. B) DEBENTURE HOLDER. C) PARTNER. D) NONE. Show Answer Correct Answer: C) PARTNER. 8. 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. 9. How many industries are reserved for public sector? A) 3. B) 4. C) 8. D) 17. Show Answer Correct Answer: A) 3. 10. 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. 11. Name the organisation that derives its powers from the special acts of Parliament. A) Statutory corporation. B) Government company. C) Joint stock company. D) Departmental undertaking. Show Answer Correct Answer: A) Statutory corporation. 12. Government of India establishes its enterprises in backward areas. By doing this, which objective is fulfilled? A) Economies of scale. B) Development of infrastructure. C) Import substitution. D) Regional balance. Show Answer Correct Answer: B) Development of infrastructure. 13. Which PSU was the first to be privatised successfully in India? A) LJMC. B) GAIL. C) ONGC. D) BHEL. Show Answer Correct Answer: A) LJMC. 14. 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. 15. Departmental undertakings are suitable in case of: A) Commercial undertakings. B) Industrial undertakings. C) National security. D) Infrastructural facilities. Show Answer Correct Answer: C) National security. 16. 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. 17. WHICH FORM OF PUBLIC SECTOR ENTERPRISE IS MOST SUITABLE WHEN NATIONAL SECURITY IS CONCERNED? A) DEPARTMENTAL UNDERTAKING. B) PUBLIC CORPORATION. C) GOVT. COMPANY. D) PRIVATE SECTOR. Show Answer Correct Answer: A) DEPARTMENTAL UNDERTAKING. 18. 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. 19. PSE's organisations owned by A) Government. B) Joint Hindu family business. C) Foreign companies. D) Private entrepreneurs. Show Answer Correct Answer: A) Government. 20. 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. 21. MNC's are able to conform to international standards and quality specifications because of their A) Marketing strategies. B) Centralised control. C) Huge capital resource. D) Advanced technology. Show Answer Correct Answer: D) Advanced technology. 22. There are ..... forms of public sector enterprises: A) 3. B) 4. C) 7. D) 5. Show Answer Correct Answer: A) 3. 23. Who global enterprises only aim to maximize profit from one or two products? A) It is true that statement is false. B) It is false that statement is false. C) All the above. D) None of the above. Show Answer Correct Answer: B) It is false that statement is false. 24. Which of the following is an example of a joint venture in India? A) LIC. B) Maruti Suzuki. C) BHEL. D) BSNL. Show Answer Correct Answer: B) Maruti Suzuki. 25. WHICH TYPE OF PUBLIC ENTERPRISE IS ESTABLISHED UNDER A SPECIAL ACT OF THE PARLIAMENT? A) DEPARTMENTAL UNDERTAKING. B) GOVT. COMPANY. C) MNCs. D) STATUTORY CORPORATION. Show Answer Correct Answer: D) STATUTORY CORPORATION. ← PreviousNext →Related 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 4Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 5Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 6Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 7Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 8Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 9Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books