Tag: public, private and joint sector

Questions Related to public, private and joint sector

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

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

  1. $0$

  2. unlimited

  3. $50$

  4. $200$

Show answer
Correct Option: B
Explanation:

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

Who is the Chairman of Bajaj Auto?

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

  1. Sanjiv Bajaj

  2. Rajiv Bajaj

  3. Jamnalal Bajaj

  4. Rahul Bajaj

Show answer
Correct Option: D
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.

Larsen & Toubro Ltd. was founded by _______.

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

  1. Indians

  2. Americans

  3. Danish

  4. Europeans

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Correct Option: C
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.

ITC was originally named as _______.

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

  1. Imperial Tobacco company

  2. Indian Tobacco company

  3. Indian Tea company

  4. None of the above

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Correct Option: A
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.

Private limited company may appoint ________ number of directors.

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

  1. 12

  2. 3

  3. 18

  4. 15

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Correct Option: D
Explanation:

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

State the following statements is True or False:

The meeting which held once in the life time of a public company is the statutory meeting.

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

  1. True

  2. False

Show answer
Correct Option: A

Name the head of department appointed by Central Government for each region__________________.

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

  1. Regional Director

  2. Chairman

  3. Secretary

  4. None of the above

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Correct Option: A
Explanation:

Regional director is the head of the department appointed by the central government. A regional director is a middle manager who is responsible for an employer's business operations within a specific area. 

For example, the Eastern regional sales director of a firm may oversee sales activities within all states along the Atlantic Ocean. There are 7 regional directors for the respective regions, each region comprising a number of States and Union Territories.

State the following statements is True or False:

The report sent to the members before the statutory meeting is the statutory report.

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

  1. True

  2. False

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Correct Option: A

SOME IMPORTANT TRUE AND FALSE WITH REASON:
There is no control on stock exchanges.

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

  1. True

  2. False

Show answer
Correct Option: B
Explanation:

This statement is 'False' because of the following reasons:
(i) The government of India has established the market watch dog; i.e., Securities Exchange Board of India(SEBI)
(ii) It was established in April, 1988.
(iii) It has become statutory body under SEBI Act, 1992.
(iv) Its head office is located in Mumbai.
(v) It regulates the business in stock exchange.
(vi) It prohibits fraudulent and unfair trade practices relating to security market.
(vii) It also prohibits insider trading in securities.
(viii) It controls the activities of stock exchange by undertaking inspections, conducting inquires and audits etc.

Which of the following is NOT "Public Corporation"?

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

  1. Life Insurance Corporation of India

  2. Employees State Insurance Corporation

  3. Industrial Development Bank of India

  4. State Trading Corporation

Show answer
Correct Option: D