CBSE Class 11 Business Studies Private, Public and Global Enterprises Quiz 2

1. The funding of which of the following enterprise comes directly from the government treasury, is under an annual appropriation from the budget of the government and the revenue earned by it is also paid into the treasury?

A Departmental undertaking B Statutory corporation C Government company D Cooperatives

2. Which of the following is true about statutory corporations?

A Statutory corporations are public enterprises that come into existence by a special act of the parliament. B Statutory corporations are subject to the same accounting and audit procedures as are applicable to government departments. C Statutory enterprises are funded directly by the government treasury. D The employees of statutory enterprises are civil servants.

3. Reconstruction of sick public sector units is taken up by

A MOFA B MoU C BIFR D NRF

4. Centralised control in MNC’s implies control exercised by

A Branches B Subsidiaries C Headquarters D Parliament

5. Which of the following is/are the correct way(s) of forming a joint venture company?
a. Two parties can incorporate a company in India and the business of both parties can be transferred directly to the new company.
b. The above two parties can subscribe to the shares of the joint venture company in agreed proportion, in cash, and start a new business.
c. Promoter shareholder of an existing Indian company and another party may jointly collaborate to jointly carry on the business of that company.

A Only a B Only b C Only c D Only a and b 5 Only b and c

6. All joint ventures in India require government approvals if a foreign partner or a Non Resident Indian is involved. The approval can be obtained from which of the following?

A RBI B FIPB C BIFR D All of these 5 Either RBI or FIPB

7. Which of the following roles are played by the public sector in the economy?
a. Regional balance
b. Economies of scale
c. Check over concentration of economic power
d. Import substitution
e. Development of infrastructure

A Only a, b and d B Only a, c, d and e C Only a, b, c and e D Only b, c, d and e 5 All of these

8. All public sector units were referred to _______________, to decide whether a sick unit was to be restructured or closed down.

A PSU B MOFA C MoU D BIFR

9. Which of the following was the first successful privatisation of a Central Public Sector Undertaking, carried out by the Government?

A BBUNL B LJMC C MMTC D MoU

10. Which of the following has the power of the Government and the considerable amount of operating flexibility of private enterprises?

A Departmental Undertakings B Statutory Corporations C Government companies D All of the above