Public Private and Global Enterprises Quiz-1

Public Private and Global Enterprises Quiz-1

Quiz

 

1. The main objective of the Industrial Policy Resolution was to:
   1.   Accelerate the rate of growth
   2.   Accelerate the rate of industrialisation
   3.   Both of the above
   4.   Accelerate the rate of privatisation
2. _______ came under the 8 PSUs in 1991:
   1.   Food industry
   2.   Atomic energy industry
   3.   Clothing industry
   4.   Design industry
3. According to The Companies Act, 2013, a government company is a company in which not less than____% of the paid up capital is held by the Central government or partly by the State and the Central government.
   1.   100
   2.   50
   3.   51
   4.   55
4. The public sector enterprises are owned, managed and controlled by the________.
   1.   Government
   2.   Individuals
   3.   Foreigners
   4.   Investors
5. Why was development of infrastructure was possible by the public sector:
   
   1.   Because it needed huge resources
   2.   Private sector could not make huge investments
   3.   Private sector could not provide trained personnel
   4.   All of these
6. Which of the following is limitation of the statutory corporations:
   1.   Delay in action
   2.   Presence of corruption in the functioning
   3.   Government and political interference
   4.   All of these
7. _______ is an example of a Departmental Undertaking:
   1.   ONGC
   2.   SAIL
   3.   State Bank of India
   4.   none of these
8. The departmental undertakings are accountable to whom:
   1.   RBI
   2.   Their respective ministry
   3.   General public
   4.   All of these
9. MNCs are characterized by their:
   1.   Huge size
   2.   Large number of products
   3.   Marketing strategies
   4.   All of these
10. _________ are public enterprises brought into existence by a Special Act of the Parliament:
    1.   Departmental undertakings
    2.   Statutory corporation
    3.   Government companies
    4.   Joint ventures
11. Which among these is a benefit derived from a joint venture of both of the companies:
    1.   Increased resources and capacity
    2.   Established brand name
    3.   Access to technology
    4.   All of the above
12. A body corporate that can sue, be sued and enter into contract in its own name:
    1.   Joint ventures
    2.   Departmental undertakings
    3.   Statutory corporations
    4.   All of these
13. Which among these is a type of joint venture:
    
    1.   Contractual Joint Venture
    2.   Equity based Joint Venture
    3.   Both of the above
    4.   None of these
14. The funding of departmental undertaking comes from ______and their revenues earned goes to the______:
    1.   RBI, government treasury
    2.   Ministry of Finance,Government treasury
    3.   General public, RBI
    4.   Government treasury, Government treasury.
15. Which one of the following is not a limitation of the departmental undertakings:
    1.   Fail to provide flexibility
    2.   Employees are not allowed to take independent decisions
    3.   They are unable to take advantage of business opportunities
    4.   Government is the only shareholder
16. The employees of statutory corporations are not governed by the government:
    1.   True
    2.   False
    3.   True, they are governed by the RBI
    4.   False, the are governed by the State Government
17. Government Companies are established under the:
    1.   The Companies Act, 2013
    2.   The Regulation Act, 1995
    3.   The Companies Act, 1990
    4.   The Companies Act, 2000
18. Which among these is a limitation of Government company:
    1.   Not answerable directly to the Parliament
    2.   The management and administration is in the hands of the government
    3.   The Government is the only shareholder in some of the companies
    4.   All of these
19. Which among these was not a role a public sector:
    1.   Economies of scale
    2.   Development of infrastructure
    3.   Import substitution
    4.   Encouraging privatisation
20. MNCs have a feature called ‘Centralised Control’, what does that mean:
    1.   They have a central department that keeps a check on rest of the departments
    2.   They have their headquarters in their home country and exercise control over all branches and subsidiaries
    3.   They follow the communication system in which each department has to report to a central department
    4.   None of the above
21. What is the meaning of check over concentration of economic power as a changing role of PSUs:
    1.   It means that the Government had to invest in huge enterprises because if private sectors were made to do so then there would be concentration of wealth and economic power in the hands of such private enterprises.
    2.   Government had to do so, so that monopolistic practices by the private sector is discouraged
    3.   It gave rise to equality in income of the people
    4.   All of these
22. Which among these are the major reforms in the PSUs made in the new Industrial Policy in 1991:
    1.   Protecting the interest of workers
    2.   Closing down the PSUs which cannot be revived
    3.   Restructure and revive potentially viable PSUs
    4.   All of these
23. When two business agree to join together for a common purpose and mutual benefit it is called as a:
    1.   Joint stock company
    2.   Joint organisation
    3.   Joint business
    4.   None of these
24. The oldest and most traditional form of organising public sector enterprises is:
    1.   Statutory corporation
    2.   Departmental undertaking
    3.   Government companies
    4.   none of the above
25. What is the full form of PPP model:
    1.   Public Private Partnership
    2.   Public Personal Partnership
    3.   Personal Public Partnership
    4.   Private Public Program