Tag: government companies

Questions Related to government companies

The role of public sector was redefined. In July _________ Government identified nin central public sector enterprises as 'Navaratnas'.

commercial applications public sector enterprises role of government and development policies government companies government and taxes

  1. $2007$

  2. $1997$

  3. $1967$

  4. $1957$

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Correct Option: B
Explanation:

Navaratna companies can invest up to Rs 1,000 crore without explicit government approval. "Miniratnas" can afford less extensive financial autonomy.

As per Companies Act $2013$, a company is -
A. Formed and registered under the Companies Act, $2013$
B. An existing company registered under any earlier Companies Act
Select the correct answer from the options given below.

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

  1. A only

  2. B only

  3. A or B

  4. A but not B

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Correct Option: C
Explanation:

A company, which is incorporated under the relevant legislation of a foreign country, will not qualify as a company under the 2013 Act The proviso to section 2(71) states that “a company which is a subsidiary of a company, not being a private company, shall be deemed to be a public company for the purposes.

Identifying marks of a public limited company are __________.

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

  1. Formation

  2. Number of members

  3. Directors and meetings

  4. All of the above

Show answer
Correct Option: D
Explanation:

A company whose securities are traded on a stock exchange and can be bought and sold by anyone. Public companies are strictly regulated, and are required by law to publish their complete and true financial position so that investors can determine the true worth of its stock (shares). Also called publicly held company.

A company is called as private limited when all its shares are in private hands while the shares in a Public Limited company are open to everyone. 2. Pvt Ltd Company is owned by a group of promoters. In Private Limited companies, the minimum number of shareholders should be two and the maximum 50.

A Public company whose shares are not on the official list of shares traded on a particular stock market is called _________.

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

  1. Listed company

  2. Unlisted company

  3. Private company

  4. Public company

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Correct Option: B
Explanation:

An unlisted public company is a public company that is not listed on any stock exchange. Though the criteria vary somewhat between jurisdictions, a public company is a company that is registered as such and generally has a minimum share capital and a minimum number of shareholders.

______ companies are not popular in India.

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

  1. Unlimited

  2. Limited

  3. Public

  4. Private

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Correct Option: A
Explanation:

An unlimited company or private unlimited company is a hybrid company (corporation) incorporated with or without a share capital (and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not limited: that is, its members or shareholders have a joint.

The Five-member Disinvestment Commission was setup in _______.

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

  1. 1995

  2. 1996

  3. 1997

  4. 1998

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Correct Option: B
Explanation:

 The change process in India began in the year 1991-92, with 31 selected PSUs disinvested for Rs.3,038 crore. In August 1996, the Disinvestment Commission, chaired by G V Ramakrishna was set up to advice, supervise, monitor and publicize gradual disinvestment of Indian PSUs. It submitted 13 reports covering recommendations on privatisation of 57 PSUs.Dr R.H.Patil subsequently took up the chairmanship of this Commission in July 2001.However, the Disinvestment Commission ceased to exist in May 2004. 


The major tasks of Disinvestment Commission is _____________.

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

  1. to prepare long-term disinvestment programme

  2. to determine extent of disinvestment in each PSE

  3. to monitor disinvestment process

  4. all the above

Show answer
Correct Option: D
Explanation:

Disinvestment Commission - The change process in India began in the year 1991-92, with 31 selected PSUs disinvested for Rs.3,038 crore. In August 1996, the Disinvestment Commission, chaired by G V Ramakrishna was set up to advice, supervise, monitor and publicise gradual disinvestment of Indian PSUs.

Government departments are headed by the ministers.

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

  1. True

  2. False

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Correct Option: A
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.

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

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

  1. A foreign corporations

  2. A public corporation

  3. A Private corporations

  4. A professional corporations

Show answer
Correct Option: B
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.

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

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

  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

Show answer
Correct Option: D
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.