Tag: organisation of commerce and management

Questions Related to organisation of commerce and management

A company can be created in several ways. Which ONE of the following is NOT a valid method of creating a company?

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. The division of the High Court can create a company.

  2. A company can be created by registering certain documents with Registrar

  3. A company can be created by an act of parliament

  4. None of the above

Show answer
Correct Option: A
Explanation:

The High Court consists of three divisions: the Queen's Bench Division, the Chancery Division, and the Family Division. Their jurisdictions overlap in some cases, and cases started in one division may be transferred by court order to another where appropriate.

Axis Bank was founded 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. 1991

  2. 1992

  3. 1993

  4. 1994

Show answer
Correct Option: C
Explanation:

Axis Bank is the third largest of the private-sector banks in India offering a comprehensive suite of financial products. The bank has its head office in Mumbai, Maharashtra. It has 3,703 branches, 13,814 ATMs, and nine international offices.

In which year Bharti Airtel was founded?

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. 1991

  2. 1992

  3. 1994

  4. 1995

Show answer
Correct Option: D
Explanation:

Bharti Airtel Limited is an Indian global telecommunications services company based in New Delhi, India. It operates in 20 countries across South Asia and Africa. Airtel provides GSM, 3G, 4G LTE mobile services, fixed line broadband and voice services depending upon the country of operation.

A Public Company can commence business after receiving _________________.

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. Certificate of Incorporation

  2. ROC Clearance Certificate

  3. Both (a) and (b)

  4. None of the above. RTP

Show answer
Correct Option: A
Explanation:

A certificate of incorporation is a legal document relating to the formation of a company or corporation. It is a license to form a corporation issued by state government or, in some jurisdictions, by non-governmental entity. Its precise meaning depends upon the legal system in which it is used.

The process by which individuals attempt to control the impression others form of them is called ______________.

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. power

  2. referent power

  3. impression management

  4. coercive power

Show answer
Correct Option: C
Explanation:

Impression management is a conscious or subconscious process in which people attempt to influence the perceptions of other people about a person, object or event. They do so by regulating and controlling information in social interaction.

Who defined public enterprise as "state ownership and operation of industrial, agricultural, financial and commercial undertakings"?

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. N. N. Malaya

  2. I. V. Starke

  3. A. H. Hanson

  4. O. L. Rehan

Show answer
Correct Option: C
Explanation:

Hanson, “Public enterprises means state ownership and operation of industrial, agricultural, financial and commercial undertakings.”  In short, public enterprise is an activity of the government, central, state or local, involving manufacturing or production of goods.

Presently there are ________ Miniratna Public Sector Enterprises functioning in India.

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. $5$

  2. $25$

  3. $45$

  4. $105$

Show answer
Correct Option: C
Explanation:

A state-owned enterprise in India is called a public sector undertaking (PSU) or a public sector enterprise. 

These companies are owned by the union government of India, or one of the many state or territorial governments, or both. The company stock needs to be majority-owned by the government to be a PSU.

Which of the following is/are included in public sector enterprises as 'Navaratnas'?

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. UTI

  2. IOC

  3. LIC

  4. (A) and (C)

Show answer
Correct Option: B
Explanation:

Indian Oil Corporation Limited, commonly known as Indian Oil is an Indian state owned oil and gas company with registered office at Mumbai and primarily headquartered in New Delhi. 

It is the largest commercial oil company in the country, with a net profit of INR 19,106 crore for the financial year 2016–17.

Which of the following is/are included in public sector enterprises as 'Navaratnas'?

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. RCL

  2. LIC

  3. RBI

  4. GAIL

Show answer
Correct Option: D
Explanation:

GAIL (India) Limited was incorporated in August 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG).

The company was formerly known as Gas Authority of India Limited. It is India's principal gas transmission and marketing company.

In India, areas like Atomic Energy, Defence, etc. are in the hands of ________________.

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. Private Sector

  2. Public Sector

  3. Joint Sector

  4. All of the above

Show answer
Correct Option: C
Explanation:

Joint sector consists of business undertakings wherein the ownership, control and management are shared jointly by the Government, the private entrepreneurs and the public at large.