Tag: introduction to public sector organisations

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Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

The maximum number of members in a public company are _____.

  1. $20$

  2. $50$

  3. $70$

  4. There is no limit
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Unlike private companies, which have a cap on the number of members, public companies have no limit on the number of members.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Which option is NOT suitable for winding up of a company?

  1. Dissolving or winding up by agreement.

  2. Dissolving or winding up by law.

  3. Dissolving or winding up by creditors with the help of law.

  4. Dissolving or winding up by members with the help of law.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Winding up is a legal process governed by law; 'winding up by agreement' is not a standard legal term for the formal dissolution process of a company.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Which is NOT a feature of an incorporated company?

  1. Transferability of shares.

  2. Limited liability

  3. Common seal

  4. It is an agent
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An incorporated company is a separate legal entity and not an agent of its members; it acts on its own behalf.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Which one of the following statements in respect of a public limited company is correct?

  1. There can be less than 7 members.

  2. The convent of directors and their contract to purchase qualificationshares, if any, required must be filed.

  3. Remuneration of directors is not controlled by any provision of companies Act

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

Public companies must file the consent of directors and their contract to purchase qualification shares if required by the Articles of Association.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Number of months the company can continue its business u/s 45__________________.

  1. 1

  2. 2

  3. 5

  4. 6
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Section 45 of the Companies Act (in the context of the 1956 Act) provided a 6-month period for a company to rectify membership issues if it fell below the minimum requirement.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

When the data is shared with the Company's suppliers in SCM than it is called ?

  1. Upstream

  2. Downstream

  3. Both a & b

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

In supply chain management, upstream refers to the flow of materials and information from suppliers to the company.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

According to N.N. Malaya, "________ are autonomous or semi - autonomous corporation and companies established, owned and controlled by the state and engaged in industrial and commercial undertakings."

  1. Private enterprises

  2. Public enterprises

  3. Semi private enterprises

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

According to N.N. Malaya, "public enterprises" are autonomous or semi - autonomous corporation and companies established, owned and controlled by the state and engaged in industrial and commercial undertakings." Public enterprise can be defined as a business organization wholly or partly owned by the state and controlled through a public authority.