This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 11 (13 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Statutory corporations don't need not follow the Companies Act 1956. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 2. What is the agreement called when the government gives autonomy to a PSU to improve its performance but holds it accountable for specified results? A) MOA. B) AOA. C) MOU. D) GOU. Show Answer Correct Answer: C) MOU. 3. Partnership is an example of A) Joint stock company. B) Private sector. C) Statutory corporation. D) Public sector. Show Answer Correct Answer: B) Private sector. 4. RAILWAY IS THE EXAMPLE OF: A) STATUTORY CORPORATION. B) GOVT. COMPANY. C) DEPARTMENTAL UNDERTAKING. D) JOINT STOCK COMPANY. Show Answer Correct Answer: C) DEPARTMENTAL UNDERTAKING. 5. Which of the following is a disadvantage of public corporations? A) Profit reinvested into public services. B) May suffer from inefficiency and bureaucracy. C) Services provided universally. D) Funded by taxation. Show Answer Correct Answer: B) May suffer from inefficiency and bureaucracy. 6. SAIL IS THE EXAMPLE OF A) PVT. COMPANY. B) MULTINATIONAL COMPANY. C) GOVT. COMPANY. D) JOINT VENTURE. Show Answer Correct Answer: C) GOVT. COMPANY. 7. Private enterprises are accountable to the public through the parliament. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 8. Give the fulform of TISCO. A) Tata India Steel Corporation. B) Tata Iron and Steel Company. C) Tata Iron and Steel Corporation. D) Tata India Steel Company. Show Answer Correct Answer: B) Tata Iron and Steel Company. 9. Which is the oldest and most traditional form of organising public enterprises? A) Statutory corporation. B) Public company. C) Government company. D) Departmental undertaking. Show Answer Correct Answer: D) Departmental undertaking. 10. Which of the following is a key advantage of cooperatives? A) Unlimited liability for members. B) Equitable distribution of profits. C) Dominance of a few major investors. D) Access to global stock markets. Show Answer Correct Answer: B) Equitable distribution of profits. 11. According to MSME (Amendment) Bill 2018, what is the proposed limit of annual turnover to define Small Enterprise? A) Upto Rs 5 crore. B) Rs 5 crore to Rs 75 crore. C) Rs 75 crore to Rs 250 crore. D) More than Rs 250 crore. Show Answer Correct Answer: B) Rs 5 crore to Rs 75 crore. 12. As per the statistics, Small Medium Enterprises accounts how much % of the total exports in India? A) 50%. B) 70%. C) 40%. D) 85%. Show Answer Correct Answer: C) 40%. 13. The main objectives of public sector is to accelerate the rate of economic growth and industrialization. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. ← PreviousRelated 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books