This quiz works best with JavaScript enabled. Home > Class 11 > 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 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The departmental undertaking is under the overall and ultimate control of a ..... A) Board of Directors. B) Managers. C) Minister. D) Parliament. Show Answer Correct Answer: C) Minister. 2. What is the main aim of a cooperative society? A) Maximizing profits. B) Service to members. C) Competing with private companies. D) Providing luxury services. Show Answer Correct Answer: B) Service to members. 3. Reena maintains her family by using her private vehicle for hire. Identify as public or private sector. A) Private. B) Public. C) All the above. D) None of the above. Show Answer Correct Answer: A) Private. 4. Airtel is a big company providing telecom services to millions of people in India. Similarly, BSNL also provides telecom services to many people.Government of India is holding 100%of the share capital of BSNL, whereas Airtel is not under the direct control of government. Identify the sectors in which Airtel and BSNL enterprises are working. A) Private and public. B) Public. C) Private. D) None of these. Show Answer Correct Answer: A) Private and public. 5. Which of the following DO NOT justify the objective of establishing public sector enterprises? A) To achieve regional balance. B) To achieve economic growth. C) To achieve economies of scale. D) To achieve nuclear power development in the country. Show Answer Correct Answer: D) To achieve nuclear power development in the country. 6. Which of the following is a key objective of public sector enterprises in India? A) Profit maximization. B) Social welfare. C) Providing employment only to skilled labor. D) Attracting foreign investment. Show Answer Correct Answer: B) Social welfare. 7. A government company enjoys maximum autonomy. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 8. What is an enterprise that comes into existence after an act is passed in Parliament called? A) Government Corporation. B) Parliament company. C) Govt. company. D) Public corporation. Show Answer Correct Answer: D) Public corporation. 9. In a mixed economy, resources are owned by: A) Only the public sector. B) Only the private sector. C) Both public and private sectors. D) Only multinational corporations. Show Answer Correct Answer: C) Both public and private sectors. 10. WRITE THE FULL FORM OF P.P.P. A) PARTNER OF PUBLIC & PRIVATE. B) PUBLIC PRIVATE PARTNERSHIP. C) PUBLIC PRIVATE PROPRIETOR. D) NONE. Show Answer Correct Answer: B) PUBLIC PRIVATE PARTNERSHIP. 11. What do we call an enterprise with huge capital and branches spread all over the country? A) Huge company. B) Large corporation. C) Global enterprise. D) Joint venture. Show Answer Correct Answer: C) Global enterprise. 12. A tiny unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than . A) (a) 35 lakhs. B) (b) 50 lakhs. C) (c ) 30 lakhs. D) (d) 25 lakhs. Show Answer Correct Answer: D) (d) 25 lakhs. 13. ..... is defined as one in which the investment in fixed assets of plant and machinery dies not exceed rs. 1 crore. A) (a) small scale industry. B) (b) limited company. C) (c ) large scale industry. D) (d) none of these. Show Answer Correct Answer: A) (a) small scale industry. 14. In whose name the shares of the government company are purchased? A) President. B) Prime Minister. C) Minister of Corporate affaires. D) None of the above. Show Answer Correct Answer: A) President. 15. A ..... is an invention or creation that is brand new. A) Development. B) Innovation. C) Imporvement. D) Advancement. Show Answer Correct Answer: B) Innovation. 16. The board of directors of the company are appointed by A) Government. B) Public. C) Shareholders. D) None of these. Show Answer Correct Answer: C) Shareholders. 17. Which policy emphasized liberalization and privatization in India? A) Industrial Policy Resolution 1948. B) Industrial Policy Resolution 1956. C) New Economic Policy 1991. D) Five Year Plans. Show Answer Correct Answer: C) New Economic Policy 1991. 18. Name the organisation that performs the audit of Government department. A) State audit organisation. B) Comptroller & auditor general of India. C) Institute of chartered accountants. D) Auditor & Comptroller of lndia. Show Answer Correct Answer: B) Comptroller & auditor general of India. 19. Public Sector Enterprises are owned by? A) State Government. B) Central Government. C) Both of these. D) None of these. Show Answer Correct Answer: C) Both of these. 20. Which sector contributes to infrastructure development in a country? A) Private sector. B) Public sector. C) Cooperative sector. D) None of the above. Show Answer Correct Answer: B) Public sector. 21. The branches of Global Enterprises are also called majority owned foreign affiliates. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 22. Indian economy is a mixed economy. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 23. Which one of the following is a featureof Public Private Partnership A) Foreign collaboration. B) Balance regional development. C) Joint management responsibility. D) Self reliance. Show Answer Correct Answer: C) Joint management responsibility. 24. A person who is associated with starting a business is know as A) Merchant. B) Entrepreneur. C) Salesman. D) Businessman. Show Answer Correct Answer: B) Entrepreneur. 25. MARUTI SUZUKI IS THE EXAMPLE OF A) MNCs. B) PPP. C) JOINT VENTURE. D) PUBLIC SECTOR. Show Answer Correct Answer: C) JOINT VENTURE. ← 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 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