Tag: public sector undertakings & global enterprises

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Questions Related to public sector undertakings & global enterprises

Multiple choice organisation of commerce and management multinational corporations global enterprises meaning and features of mncs public sector undertakings & global enterprises

Which company is world's largest retailer?

  1. Shoppers Stop

  2. Smart

  3. Spencer

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

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969.

Multiple choice organisation of commerce and management multinational corporations global enterprises meaning and features of mncs public sector undertakings & global enterprises

Which of the following is autonomous or semi-autonomous corporation and companies establishes, owned and controlled by the state and engaged in industrial & commercial undertakings?

  1. Private enterprises

  2. Public enterprises

  3. Semi private enterprises

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

Public enterprise, a business organization wholly or partly owned by the state and controlled through a public authority. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly.

Multiple choice organisation of commerce and management multinational corporations global enterprises meaning and features of mncs public sector undertakings & global enterprises

Which of the following is/are advantage of MNC's?

  1. The activities of MNC's in the host countries may be harmful to the national interests as MNC's are solely guided by the profit maximization.

  2. MNC's restrict competition and acquire monopoly power in certain areas in the host countries.

  3. The activities of MNC's in the host countries not harmful to the national interests as MNC's are solely guided by the profit maximization.

  4. MNC's help the host countries to reduce the imports and promote the exports by raising domestic production.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Advantages of multinational companies. Multinationals create jobs which boosts the local economy and more workers to tax. They bring expertise in that skills of workforce are improved, some may use IT that would never have before or other skills now deemed basic by the western or developing world.

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 statements is True or False:

The meeting which held once in the life time of a public company is the statutory meeting.

  1. True

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

A statutory meeting is a mandatory meeting that a public company limited by shares must hold once in its lifetime, usually within a specific timeframe after commencing business.

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 head of department appointed by Central Government for each region__________________.

  1. Regional Director

  2. Chairman

  3. Secretary

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

Regional director is the head of the department appointed by the central government. A regional director is a middle manager who is responsible for an employer's business operations within a specific area. 

For example, the Eastern regional sales director of a firm may oversee sales activities within all states along the Atlantic Ocean. There are 7 regional directors for the respective regions, each region comprising a number of States and Union Territories.

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 statements is True or False:

The report sent to the members before the statutory meeting is the statutory report.

  1. True

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

The statutory report is a document that must be sent to the members of a public company at least 21 days before the statutory meeting, detailing the company's formation and financial status.

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

SOME IMPORTANT TRUE AND FALSE WITH REASON:
There is no control on stock exchanges.

  1. True

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

This statement is 'False' because of the following reasons:
(i) The government of India has established the market watch dog; i.e., Securities Exchange Board of India(SEBI)
(ii) It was established in April, 1988.
(iii) It has become statutory body under SEBI Act, 1992.
(iv) Its head office is located in Mumbai.
(v) It regulates the business in stock exchange.
(vi) It prohibits fraudulent and unfair trade practices relating to security market.
(vii) It also prohibits insider trading in securities.
(viii) It controls the activities of stock exchange by undertaking inspections, conducting inquires and audits etc.

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 of the following is NOT "Public Corporation"?

  1. Life Insurance Corporation of India

  2. Employees State Insurance Corporation

  3. Industrial Development Bank of India

  4. State Trading Corporation
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Public corporations are established by special acts of parliament. The State Trading Corporation is a government company registered under the Companies Act, not a statutory public corporation.

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.