MCQ Questions for Class 11 Business Studies: Ch 3 Public, Private and Global Enterprises

MCQ Questions for Class 11 Business Studies: Ch 3 Public, Private and Global Enterprises

1. ________ not been constituted as autonomous or independent institutions and as much are not independent legal entities
(a) MHRD
(b) Departmental undertakings
(c) Indian Institute of foreign trade
(d) All India Ratio
► (b) Departmental undertakings

2. Which one of the following public sector undertaking is established by passing a special law under Parliament?
(a) Statutory corporation
(b) Partnership
(c) Sole proprietorship.
(d) Departmental Undertaking
► (a) Statutory corporation

3. Indian economy consists of ___________
(a) Only Government Business
(b) Only Private Business
(c) Private and Government owned business
(d) None of the above
► (c) Private and Government owned business

4. Stages in the formation of a public company are in the following order
(a) Promotion, Incorporation , capital subscription, commencement of business
(b) Incorporation, Capital of Business, Capital Subscription Commencement of Business, Promotion
(c) Capital Subscription, Promotion, Incorporation, Commencement of Business
(d) Promotion, commencement of business
► (a) Promotion, Incorporation , capital subscription, commencement of business

5. Departmental Undertakings are suitable in case of
(a) National security
(b) Commercial undertakings.
(c) Industrial undertakings.
(d) Infrastructural Facilities
► (a) National security

6. Which one of the following is NOT a public sector undertaking?
(a) Partnership
(b) Departmental undertaking
(c) Government companies
(d) Statutory corporation.
► (a) Partnership

7. Centralised control in MNC implies control is exercised by
(a) Head quarters
(b) Branches
(c) Subsidiaries
(d) Parliament
► (a) Head quarters

8. 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
► (b) 51 percent

9. Indian economy is _________
(a) Closed Economy
(b) Private Economy
(c) Mixed Economy
(d) Fully Developed Economy
► (c) Mixed Economy

10. Preliminary Contracts are signed
(a) After commencement of commencement of business business
(b) After incorporation but before capital subscription
(c) Before the incorporation 
(d) After incorporation but before
► (c) Before the incorporation 

11. Minimum number of members to form a private company is
(a) 5
(b) 7
(c) 2
(d) 3
► (c) 2

12. Disinvestments of PSE's implies
(a) Investing in new areas
(b) Closing down private sector/public operations
(c) Sale of equity shares
(d) Buying shares PSE's
► (c) Sale of equity shares

13. Application for approval of name of a company is to be made to
(a) Government of the State in which Company is to be registered
(b) Registrar of Companies
(c) SEBI
(d) Government of India
► (b) Registrar of Companies

14. Expand MOU
(a) Memorandum of Association United
(b) Memorandum original Universal
(c) Memorandum of Understanding
(d) Memorandum of Unity
► (c) Memorandum of Understanding

15. A proposed name of Company is considered undesirable if
(a) It resembles closely with of an existing company the name of an existing company
(b) It is identical with the name
(c) In case of any of the above of India, United Nations etc.
(d) It is an emblem of Government
► (c) In case of any of the above of India, United Nations etc.

16. Which one of the following is the disadvantage of MNCs?
(a) Disregard national Priorities.
(b) Bringing foreign exchange.
(c) Improved standard of living.
(d) Bringing Advanced Technology.
► (a) Disregard national Priorities.

17. Steel Authority Of India Limited is a public enterprise. Identify this form of public enterprises
(a) Government Company
(b) Statutory Corporation.
(c) Departmental Undertaking
(d) Multinational Company
► (a) Government Company

18. Minimum number of members to form a public company is
(a) 5
(b) 21
(c) 12
(d) 7
► (d) 7

19. _________ consists of business owned by individuals or a group of individuals
(a) Public Sector
(b) Private Sector
(c) Service Sector
(d) None of the above
► (b) Private Sector

20. Which one of the following is a transnational Enterprise?
(a) Coca-Cola, Nestle
(b) Coca - Cola
(c) Nestle
(d) Neither (a) nor (b)
► (a) Coca-Cola, Nestle

21. Departmental undertakings are financed through
(a) Budgetary Allocation.
(b) Public loans
(c) Loans from financial institutions.
(d) Issue of shares and debentures.
► (a) Budgetary Allocation.

22. Reconstruction of sick public sector units is taken by
(a) BIFR ( Board of Industrial and Financial reconstruction
(b) MOU ( Memorandum of Understanding)
(c) FERA ( Foreign Exchange Regulation Act)
(d) IDBI ( Industrial Development bank of India
► (a) BIFR ( Board of Industrial and Financial reconstruction

23. Statutory corporations are ____________
(a) Private enterprises
(b) Sole Proprietorship
(c) Public enterprises
(d) None of the above
► (c) Public enterprises

24. Which of the following comes under the private sector?
(a) Joint Hindu Family
(b) Partnership
(c) Sole Proprietorship
(d) All of the above
► (d) All of the above

25. In the industrial policy resolution _____ the Government of India has specified the approach towards development of the industrial sector.
(a) 1956
(b) 1948
(c) 1932
(d) 2009
► (a) 1956
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