Tag: forms, comparison and cases of public enterprises

Questions Related to forms, comparison and cases of public enterprises

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.

As per Companies Act $2013$, a company is -
A. Formed and registered under the Companies Act, $2013$
B. An existing company registered under any earlier Companies Act
Select the correct answer from the options given below.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. A only

  2. B only

  3. A or B

  4. A but not B

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Correct Option: C
Explanation:

A company, which is incorporated under the relevant legislation of a foreign country, will not qualify as a company under the 2013 Act The proviso to section 2(71) states that “a company which is a subsidiary of a company, not being a private company, shall be deemed to be a public company for the purposes.

Identifying marks of a public limited company are __________.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. Formation

  2. Number of members

  3. Directors and meetings

  4. All of the above

Show answer
Correct Option: D
Explanation:

A company whose securities are traded on a stock exchange and can be bought and sold by anyone. Public companies are strictly regulated, and are required by law to publish their complete and true financial position so that investors can determine the true worth of its stock (shares). Also called publicly held company.

A company is called as private limited when all its shares are in private hands while the shares in a Public Limited company are open to everyone. 2. Pvt Ltd Company is owned by a group of promoters. In Private Limited companies, the minimum number of shareholders should be two and the maximum 50.

A Public company whose shares are not on the official list of shares traded on a particular stock market is called _________.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. Listed company

  2. Unlisted company

  3. Private company

  4. Public company

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Correct Option: B
Explanation:

An unlisted public company is a public company that is not listed on any stock exchange. Though the criteria vary somewhat between jurisdictions, a public company is a company that is registered as such and generally has a minimum share capital and a minimum number of shareholders.

______ companies are not popular in India.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. Unlimited

  2. Limited

  3. Public

  4. Private

Show answer
Correct Option: A
Explanation:

An unlimited company or private unlimited company is a hybrid company (corporation) incorporated with or without a share capital (and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not limited: that is, its members or shareholders have a joint.

The Five-member Disinvestment Commission was setup in _______.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. 1995

  2. 1996

  3. 1997

  4. 1998

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Correct Option: B
Explanation:

 The change process in India began in the year 1991-92, with 31 selected PSUs disinvested for Rs.3,038 crore. In August 1996, the Disinvestment Commission, chaired by G V Ramakrishna was set up to advice, supervise, monitor and publicize gradual disinvestment of Indian PSUs. It submitted 13 reports covering recommendations on privatisation of 57 PSUs.Dr R.H.Patil subsequently took up the chairmanship of this Commission in July 2001.However, the Disinvestment Commission ceased to exist in May 2004. 


The major tasks of Disinvestment Commission is _____________.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. to prepare long-term disinvestment programme

  2. to determine extent of disinvestment in each PSE

  3. to monitor disinvestment process

  4. all the above

Show answer
Correct Option: D
Explanation:

Disinvestment Commission - The change process in India began in the year 1991-92, with 31 selected PSUs disinvested for Rs.3,038 crore. In August 1996, the Disinvestment Commission, chaired by G V Ramakrishna was set up to advice, supervise, monitor and publicise gradual disinvestment of Indian PSUs.

Government departments are headed by the ministers.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

Ministry is a government department which deals with a particular area of activity. All the Government departments are headed by the ministers as these enterprises are considered a part or an extension of the ministry. For e.g. railway department is under railway minister.