Tag: public sector enterprises

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Questions Related to public sector enterprises

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

State the following statement is True or False:
Another name of situation clause is the domicile clauses.

  1. True

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

The second clause of the MOA, the 'situation clause' or ‘domicile’ clause specifies the location of the company’s registered office. The domicile clause will not exactly contain the address of the registered office, but the state or union territory in which the registered office of the company is located. Registered office means a place where the common seal, statutory books etc., of the company are kept.The company should intimate the location of registered office to the registrar within thirty days from the date of incorporation or commencement of business.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

Write a word or a term or a phrase which can substitute each of the following statements :
A model set of 99 articles attached to Companies Act, 1956.

  1. Memorandum of Association

  2. Articles of Association

  3. Table A

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

Table A is the name given to the prescribed format for articles of association of a company limited by shares under the Companies Act 1985 and earlier legislation. When a company limited by shares was incorporated, it didn’t need to file articles if it used ‘Table A’ as its articles.  Table A has now been replaced by the new model articles for all companies registered from 1st. October 2009. Existing companies will still be regulated by their existing articles, based on the version of Table A in force when the company was registered or the latest articles adopted. Such companies may find it beneficial to update their articles by adopting new regulations based on  model articles.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

Fill in the blank:
Regulation in the Scheduled -1 of the Companies Act, 1956 is the _____.

  1. memorandum of association

  2. articles of association

  3. Table A

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

Regulation in the schedule 1 of the companies act 1956 is the table A. These are the regulations for the management of a company limited by shares. There is full information of the company in the 99 models of table A about the shares, meetings, board of directors, profit, dividend, capitalization, reserve, winding up, indemnity etc.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

State-owned enterprises differ from privately funded companies because _______.

  1. public companies can never belong to individual shareholders

  2. public ownership involves workers in the running of the company then in the private sector.

  3. they are funded out by government, funded from taxation.

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

In a private funded companies the shareholders of the company are individuals. They can own the shares individually. But in a public limited company the shares of the company are owned by the government of that state and not individually. Hence, state-owned enterprises differ from privately funded companies because public companies can never belong to individual shareholders.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

Gas authority of India Limited is an example of ______.

  1. limited liability partnership

  2. private limited company

  3. public enterprise

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

Public enterprise  are the enterprise where the share of the government is 51% or more. It works basically for the welfare of the people. Gas authority of India Ltd. is owned by the government and works for the welfare of the people. Hence, it is a public enterprise.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

The movement of growth of an enterprise leads towards _______.

  1. flexibility

  2. creation of autonomy

  3. informality

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

The enterprise will grow successively if it changes according to the required atmosphere. It should be flexible. The key to the success of the firms lies in the ability of the founders to recognize the need for change, understand how to effect the change, and quickly make the change at important inflection points. Creation of autonomy is the characteristic that ultimately drives entrepreneurs to accept the risks of entrepreneurship: a heavy workload and an uncertain financial future. The strength of informal enterprises lies within their flexibility, lack of defined structures, and ability to quickly respond to individuals’ needs and market conditions.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

As the enterprises grows its success depends on _________.

  1. adaptiveness

  2. innovativeness

  3. both (a) and (b)

  4. neither (a) or (b)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The success of the growth of an enterprise depends on its capability to adopt the changes going on and to do new innovations. Knowledge sharing and knowledge management should be given priority to encourage innovation and creativity. 

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

Public enterprise is an autonomous or semiautonomous organisation.

  1. True

  2. False

  3. Partly true

  4. Partly false
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Public enterprises are autonomous organisations. They frame their own policies and procedures within the powers assigned to them by the act. The Act may however provide few issues which require prior approval of a particular ministry which makes it semiautonomous organisations also.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

The public enterprises are agents for implementing Government Plans.

  1. True

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

Public enterprises is an industrial, commercial or business activity of a government where a return on investment is expected. These  are institution operating service of an economic or social character or behalf of government. Government lays down certain public policies in the public interest and not guided by profit motive in order to govern such companies. 

Government plans of employment generation, research and development, regional development, import substitution etc are fulfilled by public enterprises only.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

The key elements of public enterprises are ______________.

  1. recruitment & state control

  2. recruitment & useful to various sectors

  3. public accountability & state control

  4. recruitment & public accountability
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Public enterprises are autonomous or semi-autonomous corporations and companies established, owned and controlled by the state and engaged in industrial and commercial activities. The key elements of public enterprises are state control and Public accountability. These are managed by the government. In some cases government has started enterprises under its own departments. In other cases, government nominates persons to manage the undertakings. Even autonomous bodies are directly and indirectly controlled by the government departments. The primary aim of state enterprises is to provide service to the society. These enterprises are started with a service motive. A private entrepreneur will start a concern only if possibilities of earning profits exist but this is not the purpose of public enterprises.