Free Private, Public and Global Enterprises 03 Practice Test - 11th Grade - Commerce
Question 1
Departmental Undertaking
Statutory Corporation
Government Company
Joint Venture
SOLUTION
Solution : A
Departmental undertaking is the oldest and traditional form of organising public sector enterprises.
Question 2
Public
Private
Limited
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
Private sector
Public sector
Mixed sector
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 _____________.
Joint Hindu Family
Government
Foreign Companies
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.
True
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.
True
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.
True
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.
True
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.
True
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.
True
False
SOLUTION
Solution : A
True. It was only after signing the JV that, Eicher could reach markets in Nepal, Bangaldesh, and Sri Lanka.