Free Private, Public and Global Enterprises 01 Practice Test - 11th Grade - Commerce
Question 1
1. Indian Railways runs 12,617 trains to carry over 23 million passengers daily.
2. Railways play a vital role in helping the people in the event of natural calamtities like droughts, floods, famines, earthquakes etc.
Which of the above statements is correct?
Only statement 1 is correct
Only statement 2 is correct
Both statements 1 and 2 are correct
Neither of the statements is correct
SOLUTION
Solution : C
Both statements 1 and 2 are correct.
1. Indian Railways runs 12,617 trains to caary over 23 million passengers daily.
2. Railways play a vital role in helping the people in the event of natural calamtities like droughts, floods, famines, earthquakes etc.
Question 2
Indian economy consists of ___________.
Only Private Business
Only Government Business
Private and Government owned business
None of these
SOLUTION
Solution : C
Indian economy consists of public and private owned business.
Question 3
___________ consists of business owned by individuals or a group of individuals.
Private Sector
Service Sector
None of these
Public Sector
SOLUTION
Solution : A
Private Sector consists of business owned by individuals or a group of individuals.
Question 4
Which of the following is an example of Departmental undertakings?
Railway
Post and Telegraph Department
Air India
All of these
SOLUTION
Solution : D
All of these are examples of Departmental Undertakings.
Question 5
___________ are set up under an Act of parliament and are governed by the provisions of the Act.
Statutory Corporations
Partnership
Limited Companies
Private Companies
SOLUTION
Solution : A
Statutory Corporations are set up under an Act of parliament and are governed by the provisions of the Act.
Question 6
A well developed insurance sector provides funds for infrastructure development and strengthens the risk taking ability of the country.
False
True
SOLUTION
Solution : B
True. A well developed insurance sector provides funds for infrastructure development and strengthens the risk taking ability of the country.
Question 7
Which of the following statements is correct about BHEL?
1. BHEL was established in 1964.
2. It was granted the prestigious Navratna status in 2013 by the Government of India.
Only statement 1 is correct
Both statements 1 and 2 are correct
Neither is correct
Only statement 2 is correct
SOLUTION
Solution : A
Only statement 1 is correct. It was granted the prestigious Maharatna (big gem) status in 2013 by the Government of India.
Question 8
An MNC, by definition, means a company which operates in many countries.
True
False
SOLUTION
Solution : A
True. An MNC, by definition, means a company which operates in many countries.
Question 9
'Indian Railway' is a part of Railways Ministry. It is organised, financed and controlled by Railway Ministry. The finances are allocated from government treasury and whatever revenue it earns is deposited to government treasury only. It is treated as a part of government and even the appointment, recruitment, and selection of employees is done in the same way as that of civil servant.
Choose the correct answer combinations for following questions:
(a) Name the type of public sector enterprise railways is considered.
(b) What is the status of employees working in railways?
(c) How does it get its finance?
(d) What does it do with its revenue?
(a) Departmental undertaking.
(b) They are considered civil servants or government employees.
(c) From government treasury.
(d) It is deposited in the government treasury.
(a) Statutory corporation.
(b) They are considered civil servants or government employees.
(c) From their own treasury.
(d) It is deposited in their own treasury.
(a) Departmental undertaking.
(b) They are regular employees of a company.
(c) From government treasury.
(d) It is deposited in the government treasury.
None of these
SOLUTION
Solution : A
(a) Departmental undertaking.
(b) They are considered civil servants or government employees.
(c) From government treasury.
(d) It is deposited in the government treasury.
Question 10
One of the problems of Indian Railways is that there is too much intereference of ministers and top officials.
True
False
SOLUTION
Solution : A
True. One of the problems of Indian Railways is that there is too much intereference of ministers and top officials.