Public Private and Global Enterprises MCQ Class 11 Business Studies are covered in this Article. Public Private and Global Enterprises Class 11 MCQ Test contains 55 questions. Answers to MCQs on Public Private and Global Enterprises Class 11 Business Studies are available after clicking on the answer. These MCQ have been made for Class 11 students to help check the concept you have learnt from detailed classroom sessions and application of your knowledge.
Public Private and Global Enterprises MCQ Class 11 Business Studies
Multiple Choice Questions
1.The public sector enterprises are owned, managed and controlled by the________.
a) Government
b) Individuals
c) Foreigners
d) Investors
Answer
Answer: A) Government
2. The Industrial Policy Resolution took place in the year:
a) 1991
b) 1947
c) 1956
d) 1963
Answer
Answer: C) 1956
3. The main objective of the Industrial Policy Resolution was to:
a) Accelerate the rate of growth
b) Accelerate the rate of industrialisation
c) Accelerate the rate of privatisation
d) Both A and B
Answer
Answer: D) Both A and B
4. There are ______forms of public sector enterprises:
a) 3
b) 4
c) 7
d) 5
Answer
Answer: A) 3
5. The oldest and most traditional form of organising public sector enterprises is:
a) Statutory corporation
b) Departmental undertaking
c) Government companies
d) Both B and C
Answer
Answer: B) Departmental undertakings
6. Departmental undertakings act through the ______ of the government:
a) Officers
b) Employees
c) Agent
d) People
Answer
Answer: A) Officers
7. _______ is an example of a Departmental Undertaking:
a) ONGC
b) SAIL
c) Indian Railways
d) State Bank of India
Answer
Answer: C) Indian Railways
8. Departmental undertakings are considered as a part or an extension of its _______:
a) Holding company
b) Ministry
c) State government
d) Municipal corporation
Answer
Answer: B) Ministry
9. The funding of departmental undertaking comes from ______and their revenues earned goes to the______:
a) RBI
b) Ministry of Finance
c) General public
d) Government treasury
Answer
Answer: D) Government treasury
10. The employees of departmental undertakings are headed by:
a) Indian Administrative Service officers
b) Civil servants transferable from one ministry to another
c) RBI
d) Both A and B
Answer
Answer: D) Both A and B
Public Private and Global Enterprises MCQ Class 11 Business Studies
11. The departmental undertakings are accountable to whom:
a) RBI
b) Their respective ministry
c) General public
d) All of these
Answer
Answer: B) Their respective ministry
12. Which of the following is a merit of a departmental undertaking:
a) Facilitate the Parliament to exercise effective control over their operations
b) Ensure a high degree of public accountability
c) Act as a source of income for the Government
d) All of these
Answer
Answer: D) All of these
13. Which one of the following is not a limitation of the departmental undertakings:
a) Fail to provide flexibility
b) Employees are not allowed to take independent decisions
c) They are unable to take advantage of business opportunities
d) Government is the only shareholder
Answer
Answer: D) Government is the only shareholder
14. Departmental undertakings do not provide adequate services to the______:
a) Customers
b) Government
c) Employees
d) Investors
Answer
Answer: A) Customers
15. _________ are public enterprises brought into existence by a Special Act of the Parliament:
a) Departmental undertakings
b) Statutory corporation
c) Government companies
d) Joint ventures
Answer
Answer: B) Statutory corporation
16. A corporate body created by the legislature with defined powers and functions and is financially independent:
a) Statutory corporations
b) Joint ventures
c) Government Companies
d) Both A and C
Answer
Answer: A) Statutory corporation
17. A body corporate that can sue, be sued and enter into contract in its own name:
a) Joint ventures
b) Departmental undertakings
c) Statutory corporations
d) All of these
Answer
Answer: C) Statutory corporation
18. Which of the following is a merit of a Statutory Corporation:
a) It has a separate legal entity, apart from the Government
b) They are able to control the market and curb unhealthy business practices.
c) They enjoy independence in their functioning and a high degree of operational flexibility
d) The revenue earned by the enterprise goes directly to the treasury of its ministry
Answer
Answer: C) They enjoy independence in their functioning and a high degree of operational flexibility
19. The employees of statutory corporations are not governed by the government:
a) True
b) False
c) True, they are governed by the RBI
d) False, the are governed by the State Government
Answer
Answer: A) True
20. Statutory Corporations are_________for their financial resources:
a) Dependant on the government
b) Dependent on the RBI
c) Independent
d) None of the above
Answer
Answer: C) Independent
21. Which of the following is limitation of the statutory corporations:
a) Delay in action
b) Presence of corruption in the functioning
c) Government and political interference
d) All of these
Answer
Answer: D) All of these
22. _______is an example of a statutory corporations:
a) Post and telegraph department
b) SBI
c) SAIL
d) ONGC
Answer
Answer: B) SBI
23. Government Companies are established under the:
a) The Companies Act, 2013
b) The Regulation Act, 1995
c) The Companies Act, 1990
d) The Companies Act, 2000
Answer
Answer: A) The Companies Act, 2013
24. ABC ltd is a company in India, the company issues shares for Rs 100000 out of which shares amounting to Rs:
30000 were held by the Gujarat State Government,
21000 were held by the Central Government
49000 were held by the general public
ABC Ltd is a_______company:
a) Private
b) Government
c) Associate
d) Subsidiary
Answer
Answer: B) Government
25. The main document of a Government Company is:
a) Memorandum of Association
b) Articles of Association
c) Prospectus
d) Both A and B
Answer
Answer: D) Both A and B
Public Private and Global Enterprises MCQ Class 11 Business Studies
26. The auditor of a Government Company is appointed by the ________:
a) RBI
b) ICAI
c) Central Government
d) None of these
Answer
Answer: C) Central Government
27. Which among these is a limitation of Government company:
a) Not answerable directly to the Parliament
b) The management and administration is in the hands of the government
c) The Government is the only shareholder in some of the companies
d) All of these
Answer
Answer: D) All of these
28. If a public sector was making losses continuously, it was referred to the__________ for complete overhauling or shut down:
a) Board for Industrial and Financial Reconstruction
b) Reserve Bank of India
c) Private sector
d) Government
Answer
Answer: A) Board for Industrial and Financial Reconstruction
29. Which among these was not a role a public sector:
a) Economies of scale
b) Development of infrastructure
c) Import substitution
d) Encouraging privatisation
Answer
Answer: D) Encouraging Privatisation
30. Why was development of infrastructure was possible by the public sector:
a) Because it needed huge resources
b) Private sector could not make huge investments
c) Private sector could not provide trained personnel
d) All of these
Answer
Answer: D) All of these
31. According to The Companies Act, 2013, a government company is a company in which not less than____% of the paid up capital is held by the Central government or partly by the State and the Central government.
a) 100
b) 56
c) 51
d) 54
Answer
Answer: C) 51
32. Regional balance was a major role of the public sector in changing the Indian Economy. What is the meaning of regional balance?
a) To provide growth and development to all the regions of the country
b) To provide growth and development only to the backward regions
c) To provide growth development to the developed areas of the country
d) None of these
Answer
Answer: A) To provide growth and development to all the regions of the country
33. What step did government took for the growth and development of the backward areas after independence:
a) Four food based industries were set up in backward areas
b) Two coal mines were set up in the backward regions
c) Four steel plants were set up in the backward regions
d) None of these
Answer
Answer: C) Four steel plants were set up in the backward regions
34. Electric power plants required huge investments for setting up, which was only possible by making it a public sector enterprise because only government could fulfil the demand of huge investments, which changing role of PSUs do you think is applied here:
a) Development of infrastructure
b) Economies of scale
c) Import substitution
d) Regional balance
Answer
Answer: B) Economies of scale
35. What is the meaning of check over concentration of economic power as a changing role of PSUs:
a) It means that the Government had to invest in huge enterprises because if private sectors were made to do so then there would be concentration of wealth and economic power in the hands of such private enterprises.
b) Government had to do so, so that monopolistic practices by the private sector is discouraged
c) It gave rise to equality in income of the people
d) All of these
Answer
Answer: D) All of these
36. _____ and ______ public sector companies played an important role in expanding export of the country:
a) MMTC; STC
b) ITC; STC
c) ITC; MMTC
d) None of the above
Answer
Answer: A) MMTC; STC
37. Which among these are the major reforms in the PSUs made in the new Industrial Policy in 1991:
a) Protecting the interest of workers
b) Closing down the PSUs which cannot be revived
c) Restructure and revive potentially viable PSUs
d) All of these
Answer
Answer: D) All of these
38. In 1991, the number of PSUs were reduced from 17 to _____:
a) 8
b) 10
c) 7
d) 5
Answer
Answer: A) 8
39. _______ came under the 8 PSUs in 1991:
a) Food industry
b) Atomic energy industry
c) Clothing industry
d) Design industry
Answer
Answer: B) Atomic energy industry
40. In 2001, the area that was reserved for the public sector were:
a) Atomic energy
b) Arms
c) Railway
d) All of the above
Answer
Answer: D) All of the above
Public Private and Global Enterprises MCQ Class 11 Business Studies
41. What does disinvestment of public sector undertaking means:
a) Sale of equity shares to the private sector
b) Sale of equity shares to the public
c) Both A and B
d) None of the above
Answer
Answer: C) Both A and B
42. Which one of these was initially a public sector undertaking in the communication industry:
a) Reliance jio
b) Airtel
c) Idea
d) BSNL
Answer
Answer: D) BSNL
43. According to a MoU, management system was to be granted with___________:
a) Greater autonomy
b) More professionals
c) Unaccountability
d) More incentives
Answer
Answer: A) Greater Economy
44. Full form of MNC is:
a) More National Corporations
b) Mining National Corporation
c) Multi National Corporation
d) Multi New Corporations
Answer
Answer: C) Multi National Corporation
45. MNCs are characterized by their:
a) Huge size
b) Large number of products
c) Marketing strategies
d) All of these
Answer
Answer: D) All of these
46. Which of the following is not a feature of MNC:
a) Huge capital resources
b) Marketing strategies
c) Product innovation
d) Generation huge profits
Answer
Answer: D) Generating huge profits
47. MNCs have a feature called ‘Centralised Control’, what does that mean:
a) They have a central department that keeps a check on rest of the departments
b) They have their headquarters in their home country and exercise control over all branches and subsidiaries
c) They follow the communication system in which each department has to report to a central department
d) None of the above
Answer
Answer: B) They have their headquarters in their home country and exercise control over all branches and subsidiaries
48. A famous joint venture of an Indian car company and a Japanese car company is:
a) Morris Garage
b) Tata Motors
c) Maruti Suzuki
d) Ashok Leyland
Answer
Answer: C) Maruti Suzuki
49. When two business agree to join together for a common purpose and mutual benefit it is called as a:
a) Joint stock company
b) Joint venture
c) Joint business
d) None of these
Answer
Answer: B) Joint venture
50. Joint ventures are of _____ types:
a) 5
b) 3
c) 4
d) 2
Answer
Answer: D) 2
51. Which among these is a type of joint venture:
a) Contractual Joint Venture
b) Equity based Joint Venture
c) Both of these
d) None of these
Answer
Answer: C) Both of these
52. A Contractual Joint Venture is one in which:
a) Two companies come together and form a new company
b) No new company is formed there is only an agreement between two existing companies to work together
c) Parties share ownership of business
d) The relationship among the parties is transaction to transaction
Answer
Answer: B) No new company is formed there is only an agreement between two existing companies
53. Which among these is a benefit derived from a joint venture of both of the companies:
a) Increased resources and capacity
b) Established brand name
c) Access to technology
d) All of the above
Answer
Answer: D) All of these
54. ABC ltd. was incurring high cost of production, the directors then decided to form a joint venture with PQR ltd that the cost of production becomes low, by entering into a joint venture what other benefits will ABC ltd and PQR ltd receive:
a) Access to new markets and distribution network
b) Established brand name
c) Access to technology
d) All of these
Answer
Answer: D) All of these
55. What is the full form of PPP model:
a) Public Private Partnership
b) Public Personal Partnership
c) Personal Public Partnership
d) Private Public Program
Answer
Answer: A) Public Private Partnership
Class 11 Business Studies MCQs
Term 1 – MCQ of Business Studies Class 11
Part A – Foundations of Business
- Evolution and Fundamentals of Business
- Forms of Business Organisations
- Public, Private and Global Enterprises
- Business Services
- Emerging Modes of Business
- Social Responsibility of Business and Business Ethics
Term 2 – NCERT Business Studies MCQ
Part B – Finance and Trade