This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 6 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Joint Ventures are formed by making an agreement which is legally termed as: A) Joint Venture Contract. B) Joint Venture Deed. C) Memorandum of Undertaking. D) Joint Venture Agreement. Show Answer Correct Answer: C) Memorandum of Undertaking. 2. As per MSMED Act 2006, in service sector a small enterprises is? A) Investment in equipment in less than or equal to Rs 10 Lakh. B) Investment in equipment in between Rs 10 lakh and Rs 2 Cr. C) Investment in equipment in between Rs 2 Cr and Rs 5 Cr. D) Investment in equipment in more than Rs 5 Cr. Show Answer Correct Answer: B) Investment in equipment in between Rs 10 lakh and Rs 2 Cr. 3. How are the powers and objectives of a public corporation defined? A) By Government Order. B) By Companies Act. C) By Special Act. D) By Partnership Act. Show Answer Correct Answer: C) By Special Act. 4. MNC's are in a position to exercise massive control of world economy because of their A) Capital resources and latest technology. B) Political interference. C) Low cost of production. D) Established brand name. Show Answer Correct Answer: A) Capital resources and latest technology. 5. The contribution, or investment or taking loan, order from more than one person is called: A) Venture capital. B) Loan from NBFC. C) Crowd funding. D) None of the above. Show Answer Correct Answer: C) Crowd funding. 6. This form of public sector enterprise is brought into existence by a special act of the parliament. A) (a)Government company. B) B)Statutory corporation. C) (c)Departmental undertakings. D) (d)None of the above. Show Answer Correct Answer: B) B)Statutory corporation. 7. What are the Reasons for Developing Small Enterprises in India? A) To generate Large Scale Employment Opportunities. B) To Eradicate Unemployment Problem. C) To promote balanced regional development. D) Equitable distribution of National Wealth & Income. E) All of the above. Show Answer Correct Answer: E) All of the above. 8. Indian economy consists of ..... A) Only Government Business. B) Only Private Business. C) Private and Government owned business. D) None of the above. Show Answer Correct Answer: C) Private and Government owned business. 9. BHEL was formed according to which Act? A) Partnership Act. B) Hindu Succession Act. C) Companies Act. D) Cooperative Societies Act. Show Answer Correct Answer: C) Companies Act. 10. A micro sized business employs how many people? A) Two people. B) No more than 50. C) Less than 10. D) One person. Show Answer Correct Answer: C) Less than 10. 11. IN WHICH FORM OF PUBLIC SECTOR ENTERPRISE, PRIVATE INDIVIDUALS CAN ALSO BECOME SHAREHOLDER? A) STATUTORY CORPORATION. B) PRIVATE CO. C) GOVT. COMPANY. D) DEPARTMENTAL CORPORATION. Show Answer Correct Answer: C) GOVT. COMPANY. 12. Which of the following is an example of a private sector enterprise? A) SBI. B) NTPC. C) Infosys. D) Indian Railways. Show Answer Correct Answer: C) Infosys. 13. Government companies can be owned by central and state government Jointly. A) True. B) False. C) Partially False. D) None of these. Show Answer Correct Answer: A) True. 14. Statutory corporations don't need not follow the Companies Act 2013. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 15. The performance of ..... will be discusses in parliament. A) Government company. B) Departmental undertakings. C) Public Company. D) All of these. Show Answer Correct Answer: B) Departmental undertakings. 16. Which of the following is a benefit of joint ventures? A) Increased government control. B) Higher taxes. C) Limited market access. D) Shared resources and risks. Show Answer Correct Answer: D) Shared resources and risks. 17. The public sector enterprises are owned, managed and controlled by the ..... A) Government. B) Individuals. C) Foreigners. D) Investors. Show Answer Correct Answer: A) Government. 18. STATE BANK OF INDIA IS THE EXAMPLE OF: A) MNCs. B) GOVT. CO. C) DEPARTMENTAL UNDERTAKING. D) PUBLIC CARPORATION. Show Answer Correct Answer: D) PUBLIC CARPORATION. 19. What is the main characteristic of a private sector enterprise? A) Government ownership. B) Private ownership. C) Mixed ownership. D) Ownership by both government and private sectors. Show Answer Correct Answer: B) Private ownership. 20. Service enterprise having Rs 5 crore investment in Plant and Machinery: A) Micro Enterprise. B) Small Enterprise. C) Medium Enterprise. D) None of the above. Show Answer Correct Answer: C) Medium Enterprise. 21. Government organizations are a part of the ..... sector. A) Public. B) Private. C) All the above. D) None of the above. Show Answer Correct Answer: A) Public. 22. Government companies are managed by? A) State Government. B) Board of Directors. C) Ministers. D) Central Government. Show Answer Correct Answer: B) Board of Directors. 23. Which sector includes industries, banks, and companies that are owned and managed by private individuals? A) Public sector. B) Private sector. C) Global sector. D) Cooperative sector. Show Answer Correct Answer: B) Private sector. 24. Which of the following is a key source of funding for NGOs? A) Share capital. B) Donations and grants. C) Profits from shareholders. D) Government taxation only. Show Answer Correct Answer: B) Donations and grants. 25. Government has given autonomy to a PSU to improve its performance but held it accountable for specified result under an agreement. What is this agreement called? A) MOA. B) AOA. C) MOU. D) GOU. Show Answer Correct Answer: C) MOU. ← 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 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