Tag: public sector undertakings & global enterprises

Questions Related to public sector undertakings & global enterprises

Which company is world's largest retailer?

organisation of commerce and management multinational corporations global enterprises meaning and features of mncs public sector undertakings & global enterprises

  1. Shoppers Stop

  2. Smart

  3. Spencer

  4. Walmart

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Correct Option: D
Explanation:

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969.

Which of the following is autonomous or semi-autonomous corporation and companies establishes, owned and controlled by the state and engaged in industrial & commercial undertakings?

organisation of commerce and management multinational corporations global enterprises meaning and features of mncs public sector undertakings & global enterprises

  1. Private enterprises

  2. Public enterprises

  3. Semi private enterprises

  4. None of the above

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Correct Option: B
Explanation:

Public enterprise, a business organization wholly or partly owned by the state and controlled through a public authority. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly.

Which of the following is/are advantage of MNC's?

organisation of commerce and management multinational corporations global enterprises meaning and features of mncs public sector undertakings & global enterprises

  1. The activities of MNC's in the host countries may be harmful to the national interests as MNC's are solely guided by the profit maximization.

  2. MNC's restrict competition and acquire monopoly power in certain areas in the host countries.

  3. The activities of MNC's in the host countries not harmful to the national interests as MNC's are solely guided by the profit maximization.

  4. MNC's help the host countries to reduce the imports and promote the exports by raising domestic production.

Show answer
Correct Option: D
Explanation:

Advantages of multinational companies. Multinationals create jobs which boosts the local economy and more workers to tax. They bring expertise in that skills of workforce are improved, some may use IT that would never have before or other skills now deemed basic by the western or developing world.

State the following statements is True or False:

The meeting which held once in the life time of a public company is the statutory meeting.

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

Name the head of department appointed by Central Government for each region__________________.

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. Regional Director

  2. Chairman

  3. Secretary

  4. None of the above

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Correct Option: A
Explanation:

Regional director is the head of the department appointed by the central government. A regional director is a middle manager who is responsible for an employer's business operations within a specific area. 

For example, the Eastern regional sales director of a firm may oversee sales activities within all states along the Atlantic Ocean. There are 7 regional directors for the respective regions, each region comprising a number of States and Union Territories.

State the following statements is True or False:

The report sent to the members before the statutory meeting is the statutory report.

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

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

Show answer
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

Show answer
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

Show answer
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.