Tag: public, private and joint sector

Questions Related to public, private and joint sector

Feature(s) of a public corporation is/are _____________________.

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. It is a body corporate which is established only under the Companies Act, 1956

  2. It enjoys a separate legal entity with perpetual succession and common seal.

  3. It can acquire an own property but not on its own name.

  4. All of above

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Correct Option: B
Explanation:

It enjoys a separate legal entity with perpetual succession and common seal- it is a feature of public corporation. A public corporation is a combination of public ownership, public accountability and business management for public end. A public corporation can also be defined as an organization that is clothed with the power of government but is possessed with the flexibility and initiative of private enterprise.

Tata Engineering and Locomotive Company Ltd. (TELCO) was established in ______.

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. 1942

  2. 1943

  3. 1945

  4. 1946

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Correct Option: C
Explanation:

TELCO was established in 1945. It is an Indian multinational automotive manufacturing company. It manufactures cars, sports car, buses, coaches, trucks, vans, coaches, military vehicles, construction equipment. It's head quarter is in Mumbai.

State the following statement is True or False:
A public company can start business after securing the certificate of incorporation.

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
Explanation:

A public company can start a business after securing the certificate of incorporation. It is a legal document or we can say a license to form a corporation which is issued by the government. 

Name the supervising authority under which the Registrar of Companies in a region works___________________.

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. An official liquidator

  2. Regional Director

  3. Chairman

  4. None of the above

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Correct Option: B
Explanation:

A director is a person from a group of managers who leads or supervises a particular area of a company.Regional directors are present in companies that are organized by location and have their departments under that. They are responsible for the operations for their particular country.

The person who helps the court to complete the liquidation proceeding is the official liquidator.

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

Select the correct option given below :
In the public company _______ directors are eligible to retire every year.

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. All

  2. One-third 

  3. Two-third

  4. None of these

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Correct Option: B

Which one of the following statements in respect of a public limited company is correct?

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. There can be less than 7 members.

  2. The convent of directors and their contract to purchase qualification shares if any required, must be filed.

  3. Remuneration of directors is not controlled by any provision of Companies Act

  4. None of the above

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Correct Option: B

The principles of right and wrong that are accepted by an individual or organization are what comprise _________ .

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. brand equity

  2. company image

  3. competitive advantage

  4. value system

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Correct Option: D
Explanation:
A coherent set of values adopted and/or evolved by a person, organization, or society as a standard to guide its behavior in preferences in all situations.

 A hierarchy of values that all moral agents possess, demonstrated by their choices. Most people's value systems differ, making the imposition of a singular value system by the state a source of constant social warfare. 

This is an individualistic concept. One's value system is molded by one's virtues or vices.

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

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
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.


Departmental undertaking are independent institutions.

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: B
Explanation:

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