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 generally not exempt from the rigid rules applicable to the expenditure of public funds.

  2. A public Corporation is managed by board of directors who are appointed by public financial institutions.

  3. The primary motive of the corporation is public service rather than private profits.

  4. All of above

Show answer
Correct Option: C
Explanation:

The primary motive of the corporation is public service rather than private profits- 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.

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 can sue and be sued and can enter into contracts in its own name.

  2. The public corporation is wholly owned by the Central and/or State Government(s).

  3. It enjoys financial autonomy.

  4. All of above

Show answer
Correct Option: D
Explanation:
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. Features of public corporation are:
a) It can sue and be sued and can enter into contracts in its own name.
b) The public corporation is wholly owned by the Central and/or State Government
c) It enjoys financial autonomy.

Which of the following is/are included in public sector enterprises as 'Navaratnas'?

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. UTI

  2. IOC

  3. LIC

  4. All of above

Show answer
Correct Option: B
Explanation:

Indian Oil Corporation Limited, commonly known as IndianOil is an Indian state-owned oil and gas company with registered office at Mumbai and primarily headquartered in New Delhi. It is the largest commercial oil company in the country, with a net profit of INR 19,106 crore for the financial year 2016–17.

Which of the following is/are included in public sector enterprises as 'Navaratnas'?

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. NTPC

  2. ONGC

  3. SAIL

  4. All of above

Show answer
Correct Option: D
Explanation:
Navaratna companies are generally referred to those companies which could invest up to Rs 1000 crore without explicit government approval.  All of the following are included in public sector enterprises as 'Navaratnas':
a) NTPC
b) ONGC
c) SAIL.

A public company must have atleast _______ directors whereas a private company must have atleast ________ directors.

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. 3 ; 2

  2. 2 ; 3

  3. 2 ; 5

  4. 8 ; 10

Show answer
Correct Option: A
Explanation:

A company can have a maximum of fifteen Directors it can be increased further by passing a special resolution. Minimum Number of Director in Company are as follows: Private Limited Company Minimum two Directors in case of Private Limited Company. Limited Company Minimum three Directors in case of Limited Company.