Tag: cooperatives

Questions Related to cooperatives

Select the correct option given below :
In the public company _______ directors are eligible to retire every year.

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. All

  2. One-third 

  3. Two-third

  4. None of these

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Correct Option: B

Which one of the following statements in respect of a public limited company is correct?

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. There can be less than 7 members.

  2. The convent of directors and their contract to purchase qualification shares if any required, must be filed.

  3. Remuneration of directors is not controlled by any provision of Companies Act

  4. None of the above

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Correct Option: B

The principles of right and wrong that are accepted by an individual or organization are what comprise _________ .

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. brand equity

  2. company image

  3. competitive advantage

  4. value system

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Correct Option: D
Explanation:
A coherent set of values adopted and/or evolved by a person, organization, or society as a standard to guide its behavior in preferences in all situations.

 A hierarchy of values that all moral agents possess, demonstrated by their choices. Most people's value systems differ, making the imposition of a singular value system by the state a source of constant social warfare. 

This is an individualistic concept. One's value system is molded by one's virtues or vices.

The activities performed by departmental undertakings are integral part of the government.

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
Explanation:

Formation: A departmental undertaking is established either as a separate full-fledged ministry or as a sub-division of a ministry (i.e. department) of the Government.

No Separate Entity:A departmental undertaking does not have an independent entity distinct from the Government.

Ultimate Responsibility with the Minister: The ultimate responsibility for the management of a departmental undertaking lies with the minister concerned; who is responsible to the Parliament or State Legislature for the affairs of the departmental undertaking. The minister, in turn, delegates his authority downwards to various other management levels, in the departmental undertaking.

Governmental Financing: The departmental undertaking is financed through annual budget appropriations by the Parliament or the State Legislature. The revenues of the undertaking are paid into the treasury.

Accounting and Audit etc. as Applicable to Government Departments:The departmental undertaking is subject to the normal budgeting, accounting and audit procedures, which are applicable to Government departments.


Departmental undertaking are independent institutions.

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: B
Explanation:

Departmental undertakings have not been constituted as autonomous or independent institutions and as such are not independent legal entities. 

Railways are an example of departmental undertaking.

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
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.

Departmental under takings are a form of ________________ enterprises.

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. Private

  2. Public

  3. Both (A) & (B)

  4. Neither (A) & (B)

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Correct Option: B
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.

Departmental Undertaking, Statutory (or Public) Corporation and Government Company are forms of enterprises used for _______.

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. private sector enterprises

  2. government sector enterprises

  3. public sector enterprises

  4. none of the above

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Correct Option: C
Explanation:

Public Enterprises, a business organization wholly or partly own by the state and controlled through a public authority. Utilities (gas, electricity, etc) broadcasting, telecommunications and certain forms of transport are examples of this kind of public enterprise.

Foundation of public enterprises in India was laid down by _______.

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. Indira Gandhi

  2. Jawaharlal Nehru

  3. Dr. Rajendra Prasad

  4. Dr. S. Radhakrishnan

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Correct Option: B
Explanation:

Foundation of public enterprises in India was laid down by Pt. Jawaharlal Nehru. He believed that the establishment of basic and heavy industry was fundamental to the development and modernisation of the Indian economy. 

State-owned enterprises differ from privately funded companies because ___________________________________________.

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. Public companies can never belong to individual shareholders

  2. Public ownership involves workers in the running of the company then in the private sector

  3. They are funded out by government, funded from taxation

  4. None of the above

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Correct Option: A
Explanation:

A company limited by shares must have at least one shareholder, who can be a director.There's no maximum number of shareholders. The price of an individual share can be any value. Shareholders will need to pay for their shares in full if the company has to shut down.