Tag: organisation of commerce and management

Questions Related to organisation of commerce and management

At present only __________ industries are reserved for the public sector.

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. $7$

  3. $8$

  4. $2$

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Correct Option: D
Explanation:

Intially in 1991 there were 8 industries under public sector but now there are only 2 industry i.e atomic energy and railways.

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. BHEL

  2. BPCL

  3. GAIL

  4. All of above

Show answer
Correct Option: D
Explanation:

The Maharatna firms can decide on investments of up to 15 per cent of their net worth in a project while the Navaratna companies can invest up to Rs 1,000 crore without explicit government approval. "Miniratnas" can afford less extensive financial autonomy.

Navratna companies are free to decide on investment up to Rs. 1000 crore or 15% of their net worth on a single project or 30% of their net worth in the whole year subject to the maximum limit of Rs. 1000 crore. As on 13th September, 2017 there are 16 Navratna companies in India.

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 generally not exempt from the rigid rules applicable to the expenditure of public funds.

  2. A public Corporation is managed by board of directors who are appointed by public financial institutions.

  3. The primary motive of the corporation is public service rather than private profits.

  4. All of above

Show answer
Correct Option: C
Explanation:

The primary motive of the corporation is public service rather than private profits- 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.

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 can sue and be sued and can enter into contracts in its own name.

  2. The public corporation is wholly owned by the Central and/or State Government(s).

  3. It enjoys financial autonomy.

  4. All of above

Show answer
Correct Option: D
Explanation:
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. Features of public corporation are:
a) It can sue and be sued and can enter into contracts in its own name.
b) The public corporation is wholly owned by the Central and/or State Government
c) It enjoys financial autonomy.

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. All of above

Show answer
Correct Option: B
Explanation:

Indian Oil Corporation Limited, commonly known as IndianOil 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. NTPC

  2. ONGC

  3. SAIL

  4. All of above

Show answer
Correct Option: D
Explanation:
Navaratna companies are generally referred to those companies which could invest up to Rs 1000 crore without explicit government approval.  All of the following are included in public sector enterprises as 'Navaratnas':
a) NTPC
b) ONGC
c) SAIL.

A public company must have atleast _______ directors whereas a private company must have atleast ________ directors.

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. 3 ; 2

  2. 2 ; 3

  3. 2 ; 5

  4. 8 ; 10

Show answer
Correct Option: A
Explanation:

A company can have a maximum of fifteen Directors it can be increased further by passing a special resolution. Minimum Number of Director in Company are as follows: Private Limited Company Minimum two Directors in case of Private Limited Company. Limited Company Minimum three Directors in case of Limited Company.

Which one of the following terms is used to describe trade between two or more countries?

organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

  1. Internal trade

  2. International trade

  3. External trade

  4. Local trade

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Correct Option: B
Explanation:

 It may take place through sea, air or land routes. 

Which of the following commodities is imported from Egypt?

organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

  1. Leather goods

  2. Cotton

  3. Jute manufactures

  4. Handlooms

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Correct Option: B

Which of the following items is not exported by India?

organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

  1. Readymade garments

  2. Wool

  3. Footwear

  4. Silk fabrics

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Correct Option: B