Tag: characteristics, objectives and growth of public sector enterprises

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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/are included in public sector enterprises as 'Navaratnas'?

  1. UTI

  2. IOC

  3. LIC

  4. (A) and (C)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Indian Oil Corporation Limited, commonly known as Indian Oil is an Indian state owned oil and gas company with registered office at Mumbai and primarily headquartered in New Delhi. 

It is the largest commercial oil company in the country, with a net profit of INR 19,106 crore for the financial year 2016–17.

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/are included in public sector enterprises as 'Navaratnas'?

  1. RCL

  2. LIC

  3. RBI

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

GAIL (India) Limited was incorporated in August 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG).

The company was formerly known as Gas Authority of India Limited. It is India's principal gas transmission and marketing company.

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

In India, areas like Atomic Energy, Defence, etc. are in the hands of ________________.

  1. Private Sector

  2. Public Sector

  3. Joint Sector

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

Joint sector consists of business undertakings wherein the ownership, control and management are shared jointly by the Government, the private entrepreneurs and the public at large.

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

At present only __________ industries are reserved for the public sector.

  1. $5$

  2. $7$

  3. $8$

  4. $2$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Intially in 1991 there were 8 industries under public sector but now there are only 2 industry i.e atomic energy and railways.

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/are included in public sector enterprises as 'Navaratnas'?

  1. BHEL

  2. BPCL

  3. GAIL

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

The Maharatna firms can decide on investments of up to 15 per cent of their net worth in a project while the Navaratna companies can invest up to Rs 1,000 crore without explicit government approval. "Miniratnas" can afford less extensive financial autonomy.

Navratna companies are free to decide on investment up to Rs. 1000 crore or 15% of their net worth on a single project or 30% of their net worth in the whole year subject to the maximum limit of Rs. 1000 crore. As on 13th September, 2017 there are 16 Navratna companies in India.

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 generally not exempt from the rigid rules applicable to the expenditure of public funds.

  2. A public Corporation is managed by board of directors who are appointed by public financial institutions.

  3. The primary motive of the corporation is public service rather than private profits.

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

The primary motive of the corporation is public service rather than private profits- 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

Feature(s) of a public corporation is/are ____________________.

  1. It can sue and be sued and can enter into contracts in its own name.

  2. The public corporation is wholly owned by the Central and/or State Government(s).

  3. It enjoys financial autonomy.

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
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. Features of public corporation are:
a) It can sue and be sued and can enter into contracts in its own name.
b) The public corporation is wholly owned by the Central and/or State Government
c) It enjoys financial autonomy.
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/are included in public sector enterprises as 'Navaratnas'?

  1. UTI

  2. IOC

  3. LIC

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

Indian Oil Corporation Limited, commonly known as IndianOil is an Indian state-owned oil and gas company with registered office at Mumbai and primarily headquartered in New Delhi. It is the largest commercial oil company in the country, with a net profit of INR 19,106 crore for the financial year 2016–17.

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/are included in public sector enterprises as 'Navaratnas'?

  1. NTPC

  2. ONGC

  3. SAIL

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Navaratna companies are generally referred to those companies which could invest up to Rs 1000 crore without explicit government approval.  All of the following are included in public sector enterprises as 'Navaratnas':
a) NTPC
b) ONGC
c) SAIL.
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

A public company must have atleast _______ directors whereas a private company must have atleast ________ directors.

  1. 3 ; 2

  2. 2 ; 3

  3. 2 ; 5

  4. 8 ; 10
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A company can have a maximum of fifteen Directors it can be increased further by passing a special resolution. Minimum Number of Director in Company are as follows: Private Limited Company Minimum two Directors in case of Private Limited Company. Limited Company Minimum three Directors in case of Limited Company.