Tag: organisation of commerce and management

Questions Related to organisation of commerce and management

SOME IMPORTANT TRUE AND FALSE WITH REASON:
There is no control on stock exchanges.

organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

  1. True

  2. False

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Correct Option: B
Explanation:

This statement is 'False' because of the following reasons:
(i) The government of India has established the market watch dog; i.e., Securities Exchange Board of India(SEBI)
(ii) It was established in April, 1988.
(iii) It has become statutory body under SEBI Act, 1992.
(iv) Its head office is located in Mumbai.
(v) It regulates the business in stock exchange.
(vi) It prohibits fraudulent and unfair trade practices relating to security market.
(vii) It also prohibits insider trading in securities.
(viii) It controls the activities of stock exchange by undertaking inspections, conducting inquires and audits etc.

Which of the following is NOT "Public Corporation"?

organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

  1. Life Insurance Corporation of India

  2. Employees State Insurance Corporation

  3. Industrial Development Bank of India

  4. State Trading Corporation

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Correct Option: D

Feature(s) of a public corporation is/are _____________________.

organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

  1. It is a body corporate which is established only under the Companies Act, 1956

  2. It enjoys a separate legal entity with perpetual succession and common seal.

  3. It can acquire an own property but not on its own name.

  4. All of above

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Correct Option: B
Explanation:

It enjoys a separate legal entity with perpetual succession and common seal- it is a feature of public corporation. A public corporation is a combination of public ownership, public accountability and business management for public end. A public corporation can also be defined as an organization that is clothed with the power of government but is possessed with the flexibility and initiative of private enterprise.

Tata Engineering and Locomotive Company Ltd. (TELCO) was established in ______.

organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

  1. 1942

  2. 1943

  3. 1945

  4. 1946

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Correct Option: C
Explanation:

TELCO was established in 1945. It is an Indian multinational automotive manufacturing company. It manufactures cars, sports car, buses, coaches, trucks, vans, coaches, military vehicles, construction equipment. It's head quarter is in Mumbai.

State the following statement is True or False:
A public company can start business after securing the certificate of incorporation.

organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

  1. True

  2. False

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Correct Option: A
Explanation:

A public company can start a business after securing the certificate of incorporation. It is a legal document or we can say a license to form a corporation which is issued by the government. 

Name the supervising authority under which the Registrar of Companies in a region works___________________.

organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

  1. An official liquidator

  2. Regional Director

  3. Chairman

  4. None of the above

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Correct Option: B
Explanation:

A director is a person from a group of managers who leads or supervises a particular area of a company.Regional directors are present in companies that are organized by location and have their departments under that. They are responsible for the operations for their particular country.

The person who helps the court to complete the liquidation proceeding is the official liquidator.

organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

  1. True

  2. False

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Correct Option: A

Select the correct option given below :
In the public company _______ directors are eligible to retire every year.

organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

  1. All

  2. One-third 

  3. Two-third

  4. None of these

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Correct Option: B

Which one of the following statements in respect of a public limited company is correct?

organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

  1. There can be less than 7 members.

  2. The convent of directors and their contract to purchase qualification shares if any required, must be filed.

  3. Remuneration of directors is not controlled by any provision of Companies Act

  4. None of the above

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Correct Option: B

The principles of right and wrong that are accepted by an individual or organization are what comprise _________ .

organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

  1. brand equity

  2. company image

  3. competitive advantage

  4. value system

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Correct Option: D
Explanation:
A coherent set of values adopted and/or evolved by a person, organization, or society as a standard to guide its behavior in preferences in all situations.

 A hierarchy of values that all moral agents possess, demonstrated by their choices. Most people's value systems differ, making the imposition of a singular value system by the state a source of constant social warfare. 

This is an individualistic concept. One's value system is molded by one's virtues or vices.