Tag: government organisation

Quizzes (6) Questions (79)

Questions Related to government organisation

Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

Government departments are headed by the ministers.

  1. True

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

Ministry is a government department which deals with a particular area of activity. All the Government departments are headed by the ministers as these enterprises are considered a part or an extension of the ministry. For e.g. railway department is under railway minister.

Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

____ formed by the government to meet some governmental and political purposes.

  1. A foreign corporations

  2. A public corporation

  3. A Private corporations

  4. A professional corporations
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Public Corporation is a body corporate created by an Act of Parliament or Legislature. Its name is notified in the official gazette of the Central or State Government. It is an artificial person with the flexibility of the private sector and the powers of the government. They are set up with the objective of carrying out a specific type of commercial activity. These organizations are formed for administering nationalized industries or undertakings. Many service organizations of the government are set up in the form of corporations. It is formed and operated basically with a service motive. Profits are only a secondary consideration. For eg: FIC,  LIC,  ONGC etc.

Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

Which ONE of the following is unlikely to constitute unfairly prejudicial conduct?

  1. The payment of excessive remuneration.

  2. Preventing the members from obtaining the best price for their shares.

  3. The improper transfer of shares.

  4. Mismanagement
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Mismanagement. (usually uncountable, plural mismanagements) The process or practice of managing ineptly, incompetently, or dishonestly. The value of the firm's stock fell precipitously when word leaked out that officers of the company were under investigation for gross mismanagement.

Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

The shares of the government company is purchased in the name of ___________.

  1. Central government

  2. State government

  3. Prime minister of India

  4. President of India
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The shares of the company are purchased in the name of the President of India. Since the government is the major shareholder and exercises control over the management of these companies.

Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

The government company cannot enter into contract or acquire property in its own name.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
A government contractor is a company (privately owned or publicly traded but not a state-owned enterprise) either for-profit or non-profit – that produces goods or services under contract for the government. Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property. 
Ownership is self-propagating in that the owner of any property will also own the economic benefits of that property.
Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

The government company obtains funds from ___________ .

  1. government share holdings

  2. private shareholders

  3. capital market

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A government company is a corporate entity where the government holds at least 51 percent of the paid-up share capital. It can raise funds from various sources, including government contributions, private investors, and the capital market.

Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

An auditor for the government company is appointed by ___________.

  1. Parliament

  2. Central government

  3. State government

  4. All of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation


In accordance with the provisions of Section 139 of the Companies Act, 2013 (earlier section 619 of the Companies Act, 1956), in the case of a Government company, the Comptroller and Auditor General of India (C&AG of India) shall, in respect of a financial year, appoint an auditor duly qualified to be appointed as an.

Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

Minimum paid up capital to be kept by the government of a government company is ______.

  1. 35%

  2. 75%

  3. 51%

  4. 50%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
A “Government company” is defined under Section 2(45) of the Companies Act, 2013 as “any company in which not less than 51% of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government. A government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government.
Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

Government company can file a suit in court of law and can also be used.

  1. True

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

A government company is a separate legal entity from the government. It has a corporate personality, allowing it to sue and be sued in its own name.

Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

Government companies are established for business purposes.

  1. True

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

Government companies are formed to operate as business enterprises, often competing with private sector firms while being owned or controlled by the government.