Tag: organisation of commerce and management

Questions Related to organisation of commerce and management

Job analysis provides information used for writing _________________.

organisation of commerce and management forms of business organisation - 2 meaning and objectives of public sector enterprises introduction to public sector organisations public sector enterprises types of companies - private & public

  1. Organisation chart

  2. Policy

  3. Job Description

  4. Procedure

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Correct Option: C

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

organisation of commerce and management forms of business organisation - 2 meaning and objectives of public sector enterprises introduction to public sector organisations public sector enterprises types of companies - private & public

  1. The primary motive of the corporation is to earn private profits

  2. It cannot sue and cannot be sued and cannot enter into contracts in its own name

  3. Both (A) and (B)

  4. Neither (A) nor (B)

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Correct Option: D
Explanation:

A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a corporation whose ownership is dispersed among the general public in many shares of stock which are freely traded on a stock exchange or in over the counter markets.


A company whose shares are publicly traded and are usually held by a large number (hundreds or thousands) of shareholders. The usual British term is public limited company. A government owned company such as an airline or publictransit company. See also corporation sole.

A company is known as the holding company of another company if it has control over the other company.

organisation of commerce and management forms of business organisation - 2 meaning and objectives of public sector enterprises introduction to public sector organisations public sector enterprises types of companies - private & public

  1. True

  2. False

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Correct Option: A
Explanation:

A holding company is a company that owns other companies' outstanding stock. A holding company usually does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group.

Rights issue refer to the shares issued to ____________.

organisation of commerce and management forms of business organisation - 2 meaning and objectives of public sector enterprises introduction to public sector organisations public sector enterprises types of companies - private & public

  1. Employees

  2. Public

  3. Exsiting directors

  4. None of these

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Correct Option: D

Committee which provides advise to the Central Government and National Company Law Tribunal is Advisory Committee.

organisation of commerce and management public sector, private sector and global enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. True

  2. False

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Correct Option: A
Explanation:

Advisory committee is the committee which provides advice to the central government and national company law tribunal to deal with various matters.

Name the head of National Company Law Tribunal.

organisation of commerce and management public sector, private sector and global enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Chief Minister

  2. Prime Minister

  3. President

  4. All of above

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Correct Option: C

The number of people below the poverty line in India are more than  _____.

organisation of commerce and management public sector, private sector and global enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. 150 million

  2. 200 million

  3. 220 million

  4. 250 million

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Correct Option: D
Explanation:

The Indian government stated 22% of its population is below its official poverty limit. The World Bank, in 2011 based on 2005's PPPs International Comparison Program, estimated 23.6% of Indian population, or about 276 million people, lived below $1.25 per day on purchasing power parity.

The number of members in National Company Law Tribunal shall not exceed ________.

organisation of commerce and management public sector, private sector and global enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. fifty two

  2. sixty

  3. forty two

  4. twenty two

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Correct Option: B
Explanation:

The National Company Law Tribunal will be constituted of as per the provisions under Section 10FC a President and an Equal number of Judicial and Technical member as the Central Governement deems fit to be appointed by way of notification in the official gazette. The total number of members in the Tribunal however cannot at any point of time exceed 60 in number. 

Maximum age for president of National Company Law Tribunal is ________ years.

organisation of commerce and management public sector, private sector and global enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. fifty eight

  2. sixty

  3. sixty seven

  4. sixty two

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Correct Option: C
Explanation:

According to section 409 of Companies Act, 2013 the President shall be a person who is or has been a Judge of a High Court for five years. The President and every other Member of the Tribunal shall hold office as such for a term of five years from the date on which he enters upon his office, but shall be eligible for re – appointment for another term of five years. The president of the NCLT shall hold office until he attains the age of sixty-seven years. A person who has not completed fifty years of age shall not be eligible for appointment as Member. 

Maximum age for members of National Company Law Tribunal is _______ years.

organisation of commerce and management public sector, private sector and global enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. sixty

  2. sixty five

  3. sixty seven

  4. sixty two

Show answer
Correct Option: B
Explanation:

According to guidelines of National Company Law Tribunal (NCLT),Every Member shall hold office for a period of five years from the date on which he/she enters upon his/her office, but shall be eligible for re-appointment for another term of 5 years. The term of appointment is, however, subject to the maximum age limit of sixtyfive years.