Tag: types of companies - private & public

Questions Related to types of companies - private & public

The method of advertising for vacancies internally by posting a notice of the opening on bulletin board, etc. is known as ___________.

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

  1. Job posting

  2. Job enlargement

  3. Job bank

  4. Job description

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Correct Option: A

In the words of " _______ "a public Corporation is an organization that is clothed with the power  of the government, but is possessed with the flexibility and initiative of private enterprise."

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

  1. Roosevelt

  2. Schumpeter

  3. Prof. Robson

  4. Ronaldo

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Correct Option: A

Who headed a team at the Hawthrone plant of the Western Electric Company?

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

  1. Henri Fayol

  2. Elton Mayo

  3. McGregor

  4. Mintzberg

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Correct Option: B

Every listed public company shall have at least  __________ of the total number of directors as independent directors.

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

  1. One-fourth

  2. Two-third

  3. One-third

  4. Three-fourth

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Correct Option: C

__________ has been founded to act as permanent watchdog on the International Trade.

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

  1. IBRD

  2. ADB

  3. WTO

  4. IMF

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Correct Option: C
Explanation:

WTO or World Trade Organization has been founded to act as permanent watchdog on the International Trade. Its main function is to ensure global trade flows. The World Trade Organization is an intergovernmental organization. It is concerned with the regulation of international trade between nations.

The maximum number of members in a private limited company is ________________.

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

  1. $10$

  2. $25$

  3. $50$

  4. Unlimited

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Correct Option: C
Explanation:

The maximum number of members in a private limited company is 50. According to the provisions of Companies Act 2013, Private limited company can be started with minimum 2 members and maximum 50 members.

Which of the following companies must appoint woman director ?
(I) Listed Company
(II) Every  public company having paid up share capital of Rs.100 Crores or more as on the last date of latest audited financial statements.
(III) Every public company having borrowing of Rs.500 Crores or more as on the last date of latest audited financial statements.
(IV) Every other public company having net capital employed of Rs.500 Crores or more as on the last date of latest audited financial statements.
(V) Every public company having turnover of Rs.300 crore or more as on the last date of latest audited financial statements.
Select the correct answer from the options given below -

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

  1. (I), (II), & (V) of the above

  2. (II), (III), & (IV) of the above

  3. (I) & (III) of the above

  4. (I), (II), (III) & (IV) of the above

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Correct Option: A

State the following statement is True or False:
Prospectus is issued by a private company.

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

  1. True

  2. False

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Correct Option: B
Explanation:

A public listed company who intends to offer shares or debentures can issue prospectus. A private company is prohibited from inviting the public to subscribe to their shares and thus cannot issue a prospectus.

A company which can start a business after getting the certificate of incorporation is a ____________.
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

  1. private company

  2. public company

  3. joint stock company

  4. none of these

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Correct Option: A
Explanation:

After certificate of incorporation, a private company can start its business. Incorporation of a Joint stock company is compulsory. Without incorporation, all the contracts would be considered void in the eyes of law and operations of business cannot be carried out.

Private company need not hold the __________ .
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

  1. Statutory meeting

  2. Annual general meeting

  3. Extra-ordinary general meeting

  4. All of above

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Correct Option: A
Explanation:

A private limited company and a company limited by guarantee not having share capital need not hold a statutory meeting. Statutory meeting must be held within a period of not less than one month and not more than six months after the date on which it is authorized to commence its business.