Tag: forms, comparison and cases of public enterprises

Questions Related to forms, comparison and cases of public enterprises

Government companies provide ___________. 

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

  1. Goods and services at reasonable prices

  2. Control the market

  3. Curb unhealthy business practices

  4. All of the above

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Correct Option: D
Explanation:

Government companies are providing goods and services at reasonable prices. Due to this they are able to control the market and can also curb unhealthy business practices.

The management and administration of the government company rests in the hands of the government.

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

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Correct Option: A
Explanation:

The Ministry of Corporate Affairs (MCA) is an Indian government ministry.This Ministry is primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008 & other allied Acts and rules & regulations framed there-under mainly for regulating the.

A government company is not answerable directly to the Parliament.

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

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Correct Option: A
Explanation:

A Government company is free from budgetary, accounting and audit controls, applicable to Government undertakings.

Accountability to the Parliament/State Legislature.
The Annual Report of a Government company is placed before the Parliament or the State Legislature.

A government company can be established by fulfilling the requirements of the Companies Act.

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

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Correct Option: A
Explanation:

Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, sets out the responsibilities of companies, their directors and secretaries and also provides for the procedures for its winding.

Government Company refers to the company in which _______  per cent or more of the paid up capital is held by the government.

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

  1. 50

  2. 51

  3. 60

  4. 61

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Correct Option: B
Explanation:

A government company is an organization where the investment goverment is more than 51% . There by the control and management lies in the hand of the government.

A special feature of a Government company is _____________.

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

  1. special provision for their audit

  2. it is a company of government

  3. an association not for profit

  4. none of the above.

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Correct Option: A
Explanation:

Government companies are exempted from the accounting and audit rules and procedures. The Comptroller and Auditor General of India shall appoint an auditor within a period of one hundred and eighty days from commencement of financial year to hold office till conclusion of the annual general meeting. The annual report is to be presented in the parliament or the state legislature. 

A company is a government company and X Company is a subsidiary of A company then X Company will be a _____________.

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

  1. Public Company

  2. Private company

  3. Government company

  4. None of these

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Correct Option: C
Explanation:

A “subsidiary company” or “subsidiary” of a Government Company would also be categorized as a Government Company provided the Government Company
(i) controls the composition of the Board of Directors; or
(ii) exercises or controls more than one-half of the total share capital either at its own or together with one or more of its other subsidiary companies.

Even if the control referred above is of another subsidiary company of the Government company, the company would still be categorized as a “subsidiary” and hence a government company. Thus, joint-venture companies formed by various Government companies or public sector undertakings are also considered as government companies.

Company can be called govt, company if % of paid up share capital is held by government company_____________.

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

  1. more than 30

  2. more than 40

  3. more than 50

  4. none

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Correct Option: C

_________ refers to the company in which $51\%$ or more of the paid up capital is held by the government.

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

  1. Departmental undertaking

  2. Statutory corporation

  3. Government company

  4. All of the above

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Correct Option: C
Explanation:

Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government.

A company having business operations in India and registered under the Indian Companies Act, 1956 is called Indian Company. An Indian company may be formed as a public limited, private limited or government company.

Bharat Heavy Electrical Limited is _________?

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

  1. Government company

  2. Private sector company

  3. Non-profit making company

  4. All of the above

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Correct Option: A
Explanation:

Bharat Heavy Electricals Limited owned and founded by the Government of India, is an engineering and manufacturing company based in New Delhi, India. Established in 1964, BHEL is India's largest power generation equipment manufacturer.