Tag: government organisation

Questions Related to government organisation

Which form of organization is primarily used for provision of essential services such as railways, postal services, broadcasting etc.?

commercial applications government organisation departmental undertakings meaning and features of departmental undertaking forms, comparison and cases of public enterprises classification of commercial organisations

  1. Departmental undertaking

  2. Statutory corporation

  3. Government company

  4. All of the above

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Correct Option: A
Explanation:

A departmental undertaking is organized self- contained but it is under the overall control of the departmental head and the ministry concerned. It is a very old and traditional form of public enterprise. It may be organized as a separate full-fledged ministry.

The public corporation is suitable for undertakings requiring monopoly powers, e.g., public utilities.

commercial applications government organisation departmental undertakings meaning and features of departmental undertaking forms, comparison and cases of public enterprises classification of commercial organisations

  1. True

  2. False

  3. Partly true

  4. None of above

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Correct Option: A
Explanation:

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 public transit company. See also corporation sole.

Which of the following can be categorized as "Departmental Undertakings"?
(1) Unit Trust of India
(2) Indian Railways
(3) Bharat Electronics Limited 
(4) Posts and telegraph 
(5) Food Corporation of India
The correct answer is ________________.

commercial applications government organisation departmental undertakings meaning and features of departmental undertaking forms, comparison and cases of public enterprises classification of commercial organisations

  1. (1), (2) & (4)

  2. (1), (3) & (5)

  3. (3) & (5)

  4. (2) & (4)

Show answer
Correct Option: D
Explanation:

The departmental undertaking is the oldest and traditional form of an organization of the public sector enterprise. It is organized, financed and controlled in such a manner that any other government organization. The undertaking is under the control of a minister who is responsible to the parliament.

The undertaking is under the control of a minister who is responsible to the parliament. Some example of departmental undertakings is Indian Railways, Post and Telegraph, All India Radio, Doordarshan etc.

The company which is incorporated outside India but has a place of business in India through its branches or agencies is known as _______.

organisation of commerce and management public sector undertakings & global enterprises departmental undertakings meaning and features of departmental undertaking government organisation classification of commercial organisations

  1. Indian Company

  2. Foreign Company

  3. Domestic Company

  4. Home Company

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Correct Option: B
Explanation:

Foreign company means any company or body corporate incorporated outside India which : Has a place of business in India whether by itself or through an agent, physically or through electronic mode and. Conducts any business activity in India in any other manner.

The liability of the member of the company is limited to the extent of the ________ of the shares held by them.

organisation of commerce and management public sector undertakings & global enterprises departmental undertakings meaning and features of departmental undertaking government organisation classification of commercial organisations

  1. Unpaid value

  2. Paid value

  3. Nominal value

  4. All of the above

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Correct Option: C
Explanation:

Also referred to as face value or par value, nominal value is the value shown on the face of a security certificate or instrument, including currency. The concept most commonly applies to stocks and bonds but is especially important to bond and preferred stock investors.Every share has a nominal (or par) value. It may be a £1 share or a 10p share, or whatever. The nominal value is usually expressed in sterling, but can be in any currency. A company may not issue any share at a discount, i.e. may not sell it for less than its nominal value: CA 2006, sec580.

Liability clause in MOA is required by __________________.

organisation of commerce and management public sector undertakings & global enterprises departmental undertakings meaning and features of departmental undertaking government organisation classification of commercial organisations

  1. Company Limited by shares

  2. Company Limited by guarantee

  3. Company Limited by both shares and guarantee

  4. All of the above

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Correct Option: D
Explanation:

Liability Clause. The fourth clause of MOA, the liability clause declares the liability of members of the company to be either limited or unlimited.However, in case of a limited company, the liability of directors or managers of a company may be unlimited, if specified in the memorandum.

Every alteration in the MOA will be made only in these clauses, either in all or any of these clauses. Therefore the situations under which the MOA needs to be altered are Change in the name of the Company. Change of registered office of the Company.

Which of the following statement is false?

organisation of commerce and management public sector undertakings & global enterprises departmental undertakings meaning and features of departmental undertaking government organisation classification of commercial organisations

  1. No legal formality is required to form a company

  2. The shareholders of a company have limited company

  3. A company can own property in its own name.

  4. A company is managed by the elected representatives of shareholders.

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Correct Option: A
Explanation:

Formality also means the conditions which must be observed in making contracts, and the words which the law gives to be used in order to render them valid. It also signifies the conditions which the law requires to make regular proceedings.

The maximum Statutory Liquidity Ratio to be maintained by banks is_______________:

organisation of commerce and management government organisation statutory/public corporations meaning and features of public corporation statutory corporations

  1. 25%

  2. 30%

  3. 35%

  4. 40%

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Correct Option: D

Select the correct option given below:

Before the statutory meeting the secretary has to draft the _______.

organisation of commerce and management government organisation statutory/public corporations meaning and features of public corporation statutory corporations

  1. progress report

  2. annual report

  3. statutory report

  4. none of the above

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Correct Option: C
Explanation:

Statutory meeting is the first meeting of the shareholders of a public company having a share capital and is held once in the lifetime of a company. The board of directors of a company shall atleast 21 days before the day on which the meeting is held, forward a report which is called as the statutory report to every member of the company. It should be certified as correct by atleast 2 directors.

Food co-operation of India is ________.

organisation of commerce and management government organisation statutory/public corporations meaning and features of public corporation statutory corporations

  1. a joint stock company

  2. company managed by department

  3. company established by Special Act of Parliament

  4. none of the above

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Correct Option: C
Explanation:

Food co-operation of India was set up on 14th January, 1965. It is regulated by the food co-operation act, 1964. Hence, food co-operation of India is company established by special act of parliament.