CBSE Class 11 Business Studies Private Public and Global Enterprises MCQs Set 01

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

Answer: C

Question. All public sector units were referred to _______________, to decide whether a sick unit was to be restructured or closed down.
(a) PSU
(b) MOFA
(c) MoU
(d) BIFR

Answer: D

Question. Regional balance was a major role of the public sector in changing the Indian Economy. What is the meaning of regional balance?
(a) To provide growth and development to all the regions of the country
(b) To provide growth and development only to the backward regions
(c) To provide growth development to the developed areas of the country
(d) None of the options

Answer: A

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

Answer: B

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

Answer: C

Question. 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

Answer: A

Question. Centralised control in MNC’s implies control exercised by
(a) Branches
(b) Subsidiaries
(c) Headquarters
(d) Parliament

Answer: C

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

Answer: A

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

Answer: A

Question. Centralised control in MNCs implies control exercised by
(a) Branches
(b) Subsidiaries
(c) Headquarters
(d) Parliament

Answer: C

Question. 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

Answer: C

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

Answer: A

Question. 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

Answer: A

Question. 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

Answer: A

Question. Reconstruction of sick public sector units is taken up by :
(a) MOFA
(b) MOU
(c) BIFR
(d) NRF

Answer: B

Question. Which one of these was initially a public sector undertaking in the communication industry:
(a) Reliance jio
(b) Airtel
(c) Idea
(d) BSNL

Answer: D

Question. A famous joint venture of an Indian car company and a Japanese car company is:
(a) Morris Garage
(b) Tata Motors
(c) Maruti Suzuki
(d) Ashok Leyland

Answer: C

Question. Statutory corporations are ____________
(a) Private enterprises
(b) Sole Proprietorship
(c) Public enterprises
(d) None of the options

Answer: C

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

Answer: C

Question. Which one of the following is not a limitation of the departmental undertakings:
(a) Fail to provide flexibility
(b) Employees are not allowed to take independent decisions
(c) They are unable to take advantage of business opportunities
(d) Government is the only shareholder

Answer: D

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

Answer: A

Question. 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

Answer: B

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

Answer: A

Question. 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

Answer: B

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

Answer: C

Question. Full form of MNC is:
(a) More National Corporations
(b) Mining National Corporation
(c) Multi National Corporation
(d) Multi New Corporations

Answer: C

Question. 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

Answer: B

Question. 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

Answer: B

Question. 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.

Answer: A

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

Answer: A

Question. These enterprises have their network of operations all over the world
(a) Public Enterprises
(b) Global Enterprises
(c) Private Enterprises
(d) Mixed Enterprises

Answer: B