Free Private, Public and Global Enterprises 03 Practice Test - 11th Grade - Commerce 

Question 1

___ is the oldest and traditional form of organising public sector enterprises. 

A.

Departmental Undertaking 

B.

Statutory Corporation 

C.

Government Company 

D.

Joint Venture 

SOLUTION

Solution : A

Departmental undertaking is the oldest and traditional form of organising public sector enterprises. 

Question 2

___ sector enterprises are responsible for the development of the economy.

A.

Public

B.

Private

C.

Limited 

D.

None of the above 

SOLUTION

Solution : A

Public sector enterprises are responsible for the development of the economy.

Question 3

_______ is that type of business unit which is carried out with the motive of earning profits

A.

Private sector

B.

Public sector

C.

Mixed sector

D.

None of the above

SOLUTION

Solution : A

Private sector is that type of business units which are carried out with the motive of earning profits.

Question 4

Public Sector Enterprises are organisations owned by _____________.

A.

Joint Hindu Family

B.

Government 

C.

Foreign Companies 

D.

Private entrepreneurs

SOLUTION

Solution : B

Public Sector Enterprises are organisations owned by Government. 

Question 5

Departmental enterprises are established as departments of the ministry and are considered part or an extension of the ministry itself. 

A.

True

B.

False

SOLUTION

Solution : A

True. Departmental enterprises are established as departments of the ministry and are considered part or an extension of the ministry itself. The Government functions through these departments. 

Question 6

The parliament has indirect control over the working of departmenal undertakings. 

A.

True

B.

False

SOLUTION

Solution : B

False. The parliament has direct control over the working of departmenal undertakings. 

Question 7

LIC is an Indian private-owned insurance group and investment company headquartered in New Delhi. 

A.

True

B.

False

SOLUTION

Solution : B

False. LIC is an Indian state-owned insurance group and investment company headquartered in Mumbai. 

Question 8

LIC is subject to parliament control over its authority to use its own revenue. 

A.

True

B.

False

SOLUTION

Solution : B

False. LIC has the sole authority to use its revenue as it deems fit. 

Question 9

Volvo and Eicher's total sales dipped significantly after entering into the joint venture. 

 

A.

True

B.

False

SOLUTION

Solution : B

False. Volvo and Eicher's total sales increased dramatically after entering into the joint venture. 

Question 10

It was only after signing the JV that, Eicher could reach markets in Nepal, Bangaldesh, and Sri Lanka. 

A.

True

B.

False

SOLUTION

Solution : A

True. It was only after signing the JV that, Eicher could reach markets in Nepal, Bangaldesh, and Sri Lanka.