Tag: public, private and joint sector

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Questions Related to public, private and joint sector

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

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

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

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

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

  1. 1942

  2. 1943

  3. 1945

  4. 1946
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

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

  1. True

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

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

  1. An official liquidator

  2. Regional Director

  3. Chairman

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

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

  1. True

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

An official liquidator is an officer appointed by the court to oversee the winding-up process of a company, including the realization of assets and settlement of liabilities.

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

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

  1. All

  2. One-third

  3. Two-third

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

According to the Companies Act, at least two-thirds of the total number of directors of a public company should be liable to retire by rotation, and one-third of these must retire every year.

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

  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
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

For a public limited company, the consent of directors and their contract to purchase qualification shares (if required by the Articles of Association) must be filed with the Registrar of Companies.

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

  1. brand equity

  2. company image

  3. competitive advantage

  4. value system
Reveal answer Fill a bubble to check yourself
D Correct answer
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.
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.