Tag: characteristics, objectives and growth of public sector enterprises

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Questions Related to characteristics, objectives and growth of public sector enterprises

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.

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 statement is True or False:
A public company can start business after securing the certificate of incorporation.

  1. True

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

A public company can start a business after securing the certificate of incorporation. It is a legal document or we can say a license to form a corporation which is issued by the government. 

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 supervising authority under which the Registrar of Companies in a region works___________________.

  1. An official liquidator

  2. Regional Director

  3. Chairman

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

A director is a person from a group of managers who leads or supervises a particular area of a company.Regional directors are present in companies that are organized by location and have their departments under that. They are responsible for the operations for their particular country.

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

The person who helps the court to complete the liquidation proceeding is the official liquidator.

  1. True

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

An official liquidator is an officer appointed by the court to oversee the winding-up process of a company, including the realization of assets and settlement of liabilities.