This quiz works best with JavaScript enabled. Home > Class 11 > 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 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... is an example of private sector A) Railways. B) Reliance. C) All the above. D) None of the above. Show Answer Correct Answer: B) Reliance. 2. Which type of enterprise is characterized by investment from both the public and private sectors? A) Private enterprise. B) Public enterprise. C) Joint venture. D) Cooperative enterprise. Show Answer Correct Answer: C) Joint venture. 3. LIC is A) Government company. B) Statutory corporation. C) Deparental undertaking. D) None of the above. Show Answer Correct Answer: B) Statutory corporation. 4. MSME Act was passed in which year? A) 2006. B) 2012. C) 2016. D) 2018. Show Answer Correct Answer: A) 2006. 5. In your neighborhood market, there are shops owned by sole proprietors or big retail organisations run by a company. They belong to which sector? A) Public. B) Private. C) Social. D) Mix. Show Answer Correct Answer: B) Private. 6. A GOVERNMENT COMPANY IS ANY COMPANY IN WHICH THE PAID-UP CAPITAL HELD BY THE GOVERNMENT IS NOT LESS THAN A) 49 PER CENT. B) 51 PERCENT. C) 50 PER CENT. D) 25 PERCENT. Show Answer Correct Answer: B) 51 PERCENT. 7. Which of these is a typical challenge faced by NGOs? A) Reliance on volunteer work and unpredictable funding. B) Unlimited liability for members. C) Inability to operate internationally. D) Over-reliance on government ownership. Show Answer Correct Answer: A) Reliance on volunteer work and unpredictable funding. 8. Which of these is a key feature of the private sector? A) Financed mainly through taxation. B) Decisions made with a focus on profit maximization. C) Ownership rests with the state. D) Services provided free of charge. Show Answer Correct Answer: B) Decisions made with a focus on profit maximization. 9. Which of the following is an example of a department that is an extension of the ministry? A) LIC. B) BSNL. C) ONGC. D) Railways. Show Answer Correct Answer: A) LIC. 10. Which of the following is an example of a public sector enterprise in India? A) Infosys. B) Reliance Industries. C) NTPC. D) ICICI Bank. Show Answer Correct Answer: C) NTPC. 11. How many industries are now reserved for public sector? A) 1. B) 2. C) 3. D) 4. Show Answer Correct Answer: C) 3. 12. Departmental enterprises is the form of public sector enterprises which is most suitable for operations where national security is concerned A) True. B) False. C) Can't say. D) Partially true. Show Answer Correct Answer: A) True. 13. A joint venture may be the result of an agreement between businesses in different countries A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 14. It refers to the process of sale of equity shares to the private sector and to the public A) Globalisation. B) Disinvestment. C) Import Substitution. D) Economies of scale. Show Answer Correct Answer: B) Disinvestment. 15. Government holds minimum ..... paid up capital of a government company. A) 49%. B) 51%. C) 50%. D) 26%. Show Answer Correct Answer: B) 51%. 16. Which advertising tool the business use, when they advertise position within the business: A) Radio. B) Newspaper. C) Notice board. D) Billboard. Show Answer Correct Answer: C) Notice board. 17. The private sector consists of business owned by individuals or a group of individuals. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 18. SAIL is example of ..... A) Government Company. B) Statutory Corporation. C) Departmental Undertakings. D) None of the above. Show Answer Correct Answer: A) Government Company. 19. Huge commercial organization which extend their operations through a network of their branches in several countries are known as ..... A) Government organisation. B) Departmental undertakings. C) Statutory organisation. D) Global enterprises. Show Answer Correct Answer: D) Global enterprises. 20. Who works to uplift the sick industries of public sector? A) MOFA. B) MOU. C) BIFR. D) NRF. Show Answer Correct Answer: C) BIFR. 21. Which of the following is a limitation of departmental undertakings? A) Political interference. B) Flexibility in decision-making. C) Direct control by the ministry. D) High degree of public accountability. Show Answer Correct Answer: A) Political interference. 22. Public Corporations are fully owned by ..... A) State. B) Government. C) Public. D) All of these. Show Answer Correct Answer: B) Government. 23. The government doesnot interfere in the working of a start up for the first three years; it is related to which scheme of start up. A) Tax exemption. B) Capital gain exemption. C) No inspection. D) None of the above. Show Answer Correct Answer: C) No inspection. 24. LIC is the example of ..... A) Departmental undertaking. B) Statutory corporation. C) Government Company. D) Private company. Show Answer Correct Answer: B) Statutory corporation. 25. The oldest and most traditional form of organising public sector enterprises is: A) Statutory corporation. B) Departmental undertaking. C) Government companies. D) Both B and C. Show Answer Correct Answer: B) Departmental undertaking. ← 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 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 10Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books