This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 9 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. All the below are Joint Ventures except: A) Maruti Suzuki Ltd. B) Kinetic Honda. C) Hindustan Aeronautics Ltd. D) Mahindra and Mahindra. Show Answer Correct Answer: D) Mahindra and Mahindra. 2. Which is the oldest form of public sector enterprises? A) Government company. B) Departmental Undertaking. C) Public Company. D) Statutory Corporation. Show Answer Correct Answer: B) Departmental Undertaking. 3. What is the main objective of multinational corporations (MNCs)? A) Providing social services. B) Earning profit on a global scale. C) National welfare. D) Protecting the domestic market. Show Answer Correct Answer: B) Earning profit on a global scale. 4. Which form of PSU has its own MoA and AoA? A) Private company. B) Government company. C) Departmental undertaking. D) None of the above. Show Answer Correct Answer: B) Government company. 5. ..... refers to shifting of responsibility on the shoulders of others. A) Green Tapism. B) Red Tapism. C) Nepotism. D) Nenotism. Show Answer Correct Answer: B) Red Tapism. 6. Which of these is a disadvantage of public sector enterprises? A) Monopoly in the market. B) Focus on profit over public welfare. C) Bureaucratic and slow decision-making. D) Excessive competition with the private sector. Show Answer Correct Answer: C) Bureaucratic and slow decision-making. 7. In which year India decided for a comprehensive reform of economy? A) 1985. B) 1988. C) 1991. D) 1999. Show Answer Correct Answer: C) 1991. 8. Air India is an Exmple of? A) Departmental Undertakings. B) Statutory corporation. C) Government Companies. D) None of these. Show Answer Correct Answer: B) Statutory corporation. 9. What is the main purpose of public sector enterprises? A) Reduce government spending. B) Compete with private companies. C) Provide essential services and infrastructure. D) Maximize profits for shareholders. Show Answer Correct Answer: C) Provide essential services and infrastructure. 10. The equity based joint venture does not include A) Cooperative development. B) Company. C) Partnership. D) Limited liability partnership. Show Answer Correct Answer: A) Cooperative development. 11. A multinational corporation operates in A) A complex business environment. B) A simple business environment. C) A difficult business environment. D) None of the above. Show Answer Correct Answer: A) A complex business environment. 12. MNC's do not have aggressive marketing strategies in order to increase the sales in a short period. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 13. Which one of the following is NOT a public sector undertaking? A) Partnership. B) Departmental undertaking. C) Government companies. D) Statutory corporation. Show Answer Correct Answer: A) Partnership. 14. Which of these industries does NOT belong to Manufacturing Sector? A) Leather. B) Food Processing. C) Gems and Jewellery. D) Tourism. Show Answer Correct Answer: D) Tourism. 15. PSE's are organizations owned by: A) Joint Hindu Family. B) Government. C) Foreign Companies. D) Private Enterpreneurs. Show Answer Correct Answer: B) Government. 16. ) Indian economy is a ..... economy A) Socialist economy. B) Capitalist economy. C) Industrial economy. D) Mixed economy. Show Answer Correct Answer: D) Mixed economy. 17. A government company is any company in which paid up capital held by the government is less than: A) 49%. B) 50%. C) 51%. D) 60%. Show Answer Correct Answer: C) 51%. 18. Identify the type of organisation highlighted in the given statement:"It is a government service or private business venture which is operated through a collaboration of government and one or more private sector companies." A) Joint venture. B) Government company. C) Public private partnership. D) Statutory corporation. Show Answer Correct Answer: C) Public private partnership. 19. Which of the following is a feature of private sector companies? A) They are funded by taxes. B) They can operate for profit and are privately owned. C) They are accountable only to government ministers. D) They must provide universal access to all citizens. Show Answer Correct Answer: B) They can operate for profit and are privately owned. 20. Here, accounting and audit rules are not same as the government departments A) Departmental undertaking. B) Statutory corporation. C) Both of the above. D) None of these. Show Answer Correct Answer: B) Statutory corporation. 21. A government company is any company in which the paid up capital held by the government is not less than ..... A) 49 percent. B) 51 percent. C) 50 percent. D) 25 percent. Show Answer Correct Answer: B) 51 percent. 22. Start up India Scheme was announed: A) 26th Jan 2015. B) 15th Aug 2015. C) 8th Nov 2016. D) None of the above. Show Answer Correct Answer: B) 15th Aug 2015. 23. What is the main motive of the Private sector? A) Both a and b. B) None of the above. C) Earning Profit. D) Social service. Show Answer Correct Answer: C) Earning Profit. 24. Which public sector company is known as the 'Navratna'? A) ONGC. B) Reliance Industries. C) Tata Steel. D) Infosys. Show Answer Correct Answer: A) ONGC. 25. The agreement in a partnership is referred to as a Partnership Deed while that in a Joint Venture is referred to as a/an ..... A) Memorandum of understanding. B) Legal Contract. C) All the above. D) None of the above. Show Answer Correct Answer: A) Memorandum of understanding. ← 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 10Class 11 Business Studies Chapter 3 Private, Public And Global Enterprises Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books