Tag: public, private and joint sector

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

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.

  1. True

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

A statutory meeting is a mandatory meeting that a public company limited by shares must hold once in its lifetime, usually within a specific timeframe after commencing business.

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

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

  1. Regional Director

  2. Chairman

  3. Secretary

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

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 the following statements is True or False:

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

  1. True

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

The statutory report is a document that must be sent to the members of a public company at least 21 days before the statutory meeting, detailing the company's formation and financial status.

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

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

  1. True

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

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

Which of the following is NOT "Public Corporation"?

  1. Life Insurance Corporation of India

  2. Employees State Insurance Corporation

  3. Industrial Development Bank of India

  4. State Trading Corporation
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Public corporations are established by special acts of parliament. The State Trading Corporation is a government company registered under the Companies Act, not a statutory public corporation.