Tag: classification of commercial organisations

Quizzes (2) Questions (32)

Questions Related to classification of commercial organisations

Multiple choice commercial studies classification of commercial organisations public, private and joint sector private and public sector sectoral organisation of business departmental undertakings meaning and features of departmental undertaking

Maximum number of members in case of a public company is ____________.

  1. $0$

  2. unlimited

  3. $50$

  4. $200$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

There is no limit on maximum numbers of members in case of public companies (in India).

Multiple choice commercial studies classification of commercial organisations public, private and joint sector private and public sector sectoral organisation of business departmental undertakings meaning and features of departmental undertaking

Who is the Chairman of Bajaj Auto?

  1. Sanjiv Bajaj

  2. Rajiv Bajaj

  3. Jamnalal Bajaj

  4. Rahul Bajaj
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Rahul Bajaj is an Indian billionaire businessman, politician and philanthropist. He is the chairman of Indian conglomerate Bajaj Group and member of parliament. Bajaj comes from the business house started by a Rajasthani Marwadi businessman Jamnalal Bajaj.

Multiple choice commercial studies classification of commercial organisations public, private and joint sector private and public sector sectoral organisation of business departmental undertakings meaning and features of departmental undertaking

Larsen & Toubro Ltd. was founded by _______.

  1. Indians

  2. Americans

  3. Danish

  4. Europeans
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Larsen & Toubro Limited, commonly known as L&T, is one of the largest Indian multi-national firms and leading construction company in India headquartered in Mumbai, Maharashtra, India. It was founded by two Danish engineers taking refuge in India.

Multiple choice commercial studies classification of commercial organisations public, private and joint sector private and public sector sectoral organisation of business departmental undertakings meaning and features of departmental undertaking

ITC was originally named as _______.

  1. Imperial Tobacco company

  2. Indian Tobacco company

  3. Indian Tea company

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

ITC Limited is an Indian company headquartered in Kolkata, West Bengal. Its five diversified businesses are Fast-Moving Consumer Goods, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business and Information Technology.

Multiple choice commercial studies classification of commercial organisations public, private and joint sector private and public sector sectoral organisation of business departmental undertakings meaning and features of departmental undertaking

Private limited company may appoint ________ number of directors.

  1. 12

  2. 3

  3. 18

  4. 15
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

According to section 149(1) of companies act 2013, a private company can appoint minimum 2 directors and maximum 15 directors.

Multiple choice organisation of commerce and management government organisation departmental undertakings meaning and features of departmental undertaking forms, comparison and cases of public enterprises classification of commercial organisations

These departments are under the direct supervision and control of the ministry.

  1. True

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

This appears to be a True/False question about organizational structure. Departments under a ministry are typically under its direct supervision and control, making the statement True.

Multiple choice organisation of commerce and management government organisation departmental undertakings meaning and features of departmental undertaking forms, comparison and cases of public enterprises classification of commercial organisations

Which of the following can be categorized as "Departmental Undertakings"?
(1)  Unit Trust of India 
(2)  Bharat Electronics Limited 
(3)  Posts and telegraph 
(4)  Posts and telegraph 
(5)  Food Corporation of India 
  The correct answer is - 

  1. (1), (2) & (4)

  2. (1), (3) & (5)

  3. (3) & (5)

  4. (2) & (4)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Departmental undertakings are established as departments of the ministry and are considered part or an extension of the ministry itself. 


These undertakings may be under the central or state government and the rules of central/ state government are applicable.

Multiple choice organisation of commerce and management government organisation departmental undertakings meaning and features of departmental undertaking forms, comparison and cases of public enterprises classification of commercial organisations

The public corporation is suitable for undertakings requiring monopoly powers, eg public utilities.

  1. True

  2. False

  3. Partly true

  4. None of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
The term public sector undertaking enterprise refers to a Government Company. The government company gets incorporated under the companies act, 1956. All the provisions of companies act are applicable to a government company. Ownership: The government company is wholly or partly owned by the government.
Multiple choice commercial applications government organisation departmental undertakings meaning and features of departmental undertaking forms, comparison and cases of public enterprises classification of commercial organisations

No actions can be taken unless it goes through proper channel of authority.

  1. True

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

This appears to be a True/False question about organizational processes. The principle that actions should follow proper channels of authority is a standard administrative practice, making the statement True.

Multiple choice organisation of commerce and management government organisation departmental undertakings meaning and features of departmental undertaking forms, comparison and cases of public enterprises classification of commercial organisations

Departmental undertakings fail to provide flexibility for smooth functioning of operations of the business.

  1. True

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

This appears to be a True/False question about organizational undertakings. Departmental undertakings are often criticized for being rigid and bureaucratic, potentially failing to provide flexibility. The statement is marked True.