Tag: introduction to public sector organisations

Quizzes (0) Questions (159)

Questions Related to introduction to public sector organisations

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

When there is a conversion of a private company into a public company____ must be issued.

  1. deemed prospectus

  2. shelf prospectus

  3. statement in lieu of prospectus

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

When a private company is converting into a public company it has to file with concerned ROC the Statement in Lieu of Prospectus. A statement in lieu of prospectus is defined as ‘a public document prepared in the second schedule of companies ordinance by every such public company which does not issue a prospectus on its formation by filing with the registrar before allotment or shares of debentures, and signed by every person who is named therein’. A statement in lieu of prospectus gives practically the same information as a prospectus and is signed by all the directors or proposed directors. In case the company has not filed a statement in lieu of prospectus with the registrar, it is then not allowed to allot any of its shares or debentures.

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

Can a public ltd. company hold an AGM on a public holiday?

  1. Yes

  2. No

  3. Both a and b

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

Annual General Meeting of a public company cannot be held on a public holiday. Section 166(2) inter alia states that every annual general meeting shall be called on a day, which is not a public holiday. It has been clarified by the Department (MCA) vide Circular F. No. 8/23/(166 /69-CL-V that section 166 of the Companies Act deals with the actual period during which the annual general meeting is to be held. Sub-section (2) states that every annual general meeting shall be held on a day that is not a public holiday and this provision is mandatory.

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

Reliance Industries Ltd. was founded by _________.

  1. Anil Ambani

  2. Mukesh Ambani

  3. Akash Ambani

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

Reliance Industries Limited is an Indian conglomerate holding company headquartered in Mumbai, Maharashtra, India. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.

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

Who is the Chairman of Bharti Airtel?

  1. Deepak Mittal

  2. Navin Mittal

  3. Sunil Mittal

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

Sunil Bharti Mittal is an Indian Billionaire entrepreneur, philanthropist and the Founder & Chairman of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, education, malls, hospitality, agri and food besides other venture.

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 areas like health and hygiene, public interest, philanthropic activities comes under _____________.

  1. Corporate Social Responsibility

  2. Critical Success Factors

  3. Common Social Responsibility

  4. Common Success Review
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Corporate social responsibility is a commitment to do more than just serve the needs and expectations of customers and shareholders. It can also mean going beyond business basics and serving a social need. 

Through corporate social responsibility programs, including responsible business practices, philanthropy and volunteer efforts, businesses can benefit society while boosting their brand. A CSR program cannot be implemented until a business is profitable. 
A company cannot benefit society if it does not adhere to labor and tax laws or applicable industry regulations. Ethical responsibilities include paying higher wages, offering employees better benefits, avoiding trade with unscrupulous companies or providing jobs to those who would otherwise have difficulty finding work. 
Corporate philanthropy ranges in size and scope, and can include everything from donating time to a local charity to building a children’s hospital.

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

360 degree feedback is also known as __________.

  1. multi-rater feedback

  2. multi-source feedback

  3. all-rounder feedback

  4. both (a) and (b)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

360 Degree Feedback is a system or process in which employees receive confidential, anonymous feedback from the people who work around them. This typically includes the employee's manager, peers, and direct reports. 

Managers and leaders within organizations use 360 feedback surveys to get a better understanding of their strengths and weaknesses. 
A 360-degree feedback is also known as multi-rater feedback, multi source feedback, or multi source assessment.

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

Which of the following form of organization is/are used for the public sector enterprises in India?
(i) Departmental undertaking
(ii) Statutory corporation
(iii) Government company
Select the correct answer from the options given.

  1. (i) only

  2. (ii) only

  3. (i) and (ii) only

  4. (i), (ii) and (iii)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
  1. A departmental undertaking is self- contained but it is under the overall control of the departmental head and the ministry concerned. It is a very old and traditional form of public enterprise. It may be organized as a separate full-fledged ministry.
  2. Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments. ... It is a corporate person and has the capacity of acting in its own name.
  3. Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government.
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 primary objective of public sector enterprises is to ________.

  1. Serve the public

  2. Maximize profit

  3. Act as a catalyst for community development

  4. Provide agricultural products
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

An important objective of public enterprises is to prevent the concentration of economic power and growth of private monopolies. Public sector helps the government to enforce social control on trade and industry for ensuring equitable distribution of goods and services, Public sector organisations are businesses set up with the aim of providing a public service rather than making a profit. Social enterprises are private organisations that are run along business lines, but where any profits are reinvested into the community or into social or environmental projects.

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 chief characteristic(s) of public enterprises is/are.

  1. In some specific cases the public enterprises enjoy monopoly in operation like Railways, Post and Telegraph and Energy production.

  2. The state enterprises are liable to the general public for their performances.

  3. The public enterprises run as per the whims of the government and as such the economic policies and plans of the government are implemented through public enterprises.

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

The chief characteristics of public enterprises are:

1. In some specific cases the public enterprises enjoy monopoly in operation like railways, post and telegraph and energy production.
2. The state enterprises are liable to the general public for their performance.
3. The public enterprises runs per the whims of the government and as such the economic policies and plans of the government are implemented through public enteprises.

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 organization form of public sector enterprise does not include______________.

  1. Departmental Undertaking

  2. Statutory Corporation

  3. Government Company

  4. Subsidiary to Public Company
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Subsidiaries remain private. They are private subsidiaries of a public company. Think about it: if a subsidiary went public, that would mean that its shares were being offered to the public, instead of all being owned by the parent company, and so it would no longer be a subsidiary.