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

The government company has a separate legal entity apart from the government.

  1. True

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

A company is a separate legal entity as distinct from its members. A company is a separate legal entity as distinct from its members, therefore it is separate at law from its shareholders , directors , promoters etc and as such is conferred with rights and is subject to certain duties and obligations.

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 provide ___________. 

  1. Goods and services at reasonable prices

  2. Control the market

  3. Curb unhealthy business practices

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

Government companies are providing goods and services at reasonable prices. Due to this they are able to control the market and can also curb unhealthy business practices.

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 management and administration of the government company rests in the hands of the government.

  1. True

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

The Ministry of Corporate Affairs (MCA) is an Indian government ministry.This Ministry is primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008 & other allied Acts and rules & regulations framed there-under mainly for regulating the.

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

A government company is not answerable directly to the Parliament.

  1. True

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

A Government company is free from budgetary, accounting and audit controls, applicable to Government undertakings.

Accountability to the Parliament/State Legislature.
The Annual Report of a Government company is placed before the Parliament or the State Legislature.

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

A government company can be established by fulfilling the requirements of the Companies Act.

  1. True

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

Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, sets out the responsibilities of companies, their directors and secretaries and also provides for the procedures for its winding.

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 refers to the company in which _______  per cent or more of the paid up capital is held by the government.

  1. 50

  2. 51

  3. 60

  4. 61
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A government company is an organization where the investment goverment is more than 51% . There by the control and management lies in the hand of the 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

A special feature of a Government company is _____________.

  1. special provision for their audit

  2. it is a company of government

  3. an association not for profit

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

Government companies are exempted from the accounting and audit rules and procedures. The Comptroller and Auditor General of India shall appoint an auditor within a period of one hundred and eighty days from commencement of financial year to hold office till conclusion of the annual general meeting. The annual report is to be presented in the parliament or the state legislature. 

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

A company is a government company and X Company is a subsidiary of A company then X Company will be a _____________.

  1. Public Company

  2. Private company

  3. Government company

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

A “subsidiary company” or “subsidiary” of a Government Company would also be categorized as a Government Company provided the Government Company
(i) controls the composition of the Board of Directors; or
(ii) exercises or controls more than one-half of the total share capital either at its own or together with one or more of its other subsidiary companies.

Even if the control referred above is of another subsidiary company of the Government company, the company would still be categorized as a “subsidiary” and hence a government company. Thus, joint-venture companies formed by various Government companies or public sector undertakings are also considered as government 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

Company can be called govt, company if % of paid up share capital is held by government company_____________.

  1. more than 30

  2. more than 40

  3. more than 50

  4. none
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

According to the Companies Act, a government company is defined as any company in which not less than 51 percent of the paid-up share capital is held by the Central Government, State Government, or partly by both.

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

_________ refers to the company in which $51\%$ or more of the paid up capital is held by the government.

  1. Departmental undertaking

  2. Statutory corporation

  3. Government company

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

Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government.

A company having business operations in India and registered under the Indian Companies Act, 1956 is called Indian Company. An Indian company may be formed as a public limited, private limited or government company.