Tag: organisation of commerce and management

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Questions Related to organisation of commerce and management

Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

The activities performed by departmental undertakings are integral part of the government.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Formation: A departmental undertaking is established either as a separate full-fledged ministry or as a sub-division of a ministry (i.e. department) of the Government.

No Separate Entity:A departmental undertaking does not have an independent entity distinct from the Government.

Ultimate Responsibility with the Minister: The ultimate responsibility for the management of a departmental undertaking lies with the minister concerned; who is responsible to the Parliament or State Legislature for the affairs of the departmental undertaking. The minister, in turn, delegates his authority downwards to various other management levels, in the departmental undertaking.

Governmental Financing: The departmental undertaking is financed through annual budget appropriations by the Parliament or the State Legislature. The revenues of the undertaking are paid into the treasury.

Accounting and Audit etc. as Applicable to Government Departments:The departmental undertaking is subject to the normal budgeting, accounting and audit procedures, which are applicable to Government departments.


Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

Departmental undertaking are independent institutions.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Departmental undertakings have not been constituted as autonomous or independent institutions and as such are not independent legal entities. 

Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

Railways are an example of departmental undertaking.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The departmental undertaking is the oldest and traditional form of an organization of the public sector enterprise.It is organized, financed and controlled in such a manner that any other government organization. The undertaking is under the control of a minister who is responsible to the parliament.

Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

Departmental under takings are a form of ________________ enterprises.

  1. Private

  2. Public

  3. Both (A) & (B)

  4. Neither (A) & (B)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The departmental undertaking is the oldest and traditional form of an organization of the public sector enterprise.It is organized, financed and controlled in such a manner that any other government organization.

Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

Departmental Undertaking, Statutory (or Public) Corporation and Government Company are forms of enterprises used for _______.

  1. private sector enterprises

  2. government sector enterprises

  3. public sector enterprises

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Public Enterprises, a business organization wholly or partly own by the state and controlled through a public authority. Utilities (gas, electricity, etc) broadcasting, telecommunications and certain forms of transport are examples of this kind of public enterprise.

Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

Foundation of public enterprises in India was laid down by _______.

  1. Indira Gandhi

  2. Jawaharlal Nehru

  3. Dr. Rajendra Prasad

  4. Dr. S. Radhakrishnan
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Foundation of public enterprises in India was laid down by Pt. Jawaharlal Nehru. He believed that the establishment of basic and heavy industry was fundamental to the development and modernisation of the Indian economy. 

Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

State-owned enterprises differ from privately funded companies because ___________________________________________.

  1. Public companies can never belong to individual shareholders

  2. Public ownership involves workers in the running of the company then in the private sector

  3. They are funded out by government, funded from taxation

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A company limited by shares must have at least one shareholder, who can be a director.There's no maximum number of shareholders. The price of an individual share can be any value. Shareholders will need to pay for their shares in full if the company has to shut down.

Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

Limited liability partnership posses not more than $2$ of the following character.
$1$. Limited liability
$2$. Raise funds from public
$3$. No separation of management from owners
$4$. No Restriction on number of partners

  1. $2 & 4$

  2. $1 & 2$

  3. $1 & 3$

  4. $1 & 4$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence.

Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

Mr. Y a member of Company XYZ makes a contract with his company XYZ _______________.

  1. it is illegal.

  2. it is legal.

  3. depend in the situation of case.

  4. none of the above.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

XYZ parties must be in agreement (after an offer has been made by one party and accepted by the other). Something of value must be exchanged -- such as cash, services, or goods (or a promise to exchange such an item) for something else of value.

Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

A company is having 10% share capital held by another public company and 35% held by Central Government and 55% held by people then that company is ___________________.

  1. Government Company

  2. Private company

  3. Public company

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a corporation whose ownership is dispersed among the general public in many shares of stock which are freely traded on a stock exchange or in over the counter markets.