CHAPTER-3(PUBLIC, PRIVATE AND GLOBAL ENTERPRISE)

Which of the following statement is false about departmental undertaking?

• All the employees are government employees.

• It is financed by the Government Budget.

• The employees are accountable to the concerned Minister.

• The employees have full autonomy in their working.

Identify the type of Public Sector Enterprise mocked above.

• Departmental Undertaking

• Statutory Corporation

• Government Company

• Private Company

In case of Government Company in India, shares are bought in the name of:

• Prime Minister

• Managing Director of the Company

• President of India

• Chairman Executive

Match the correct items of Column (A) with the items of Column (B).

• (i) - (a), (ii) - (b), (iii) - (c)

• (i) - (c), (ii) - (a), (iii) - (b)

• (i) - (a), (ii) - (c), (iii) - (b)

• (i) - (b), (ii) - (a), (iii) - (c)

Assertion (A) : Departmental Undertaking is most suitable when national security is concerned.

Reason (R) : Departmental Undertaking is established under a special act of the Parliament.

• Both Assertion (A) and Reason (R) are true and R is the correct explanation of A.

• Both Assertion (A) and Reason (R) are true and R is not the correct explanation of A.

• Assertion (A) is true but Reason (R) is false.

• Assertion (A) is false but Reason (R) is true.

In which form of Public Sector Enterprise, a private individual can also become a shareholder?

• Government Company

• Public Corporation

• Departmental Undertaking

• None of these

Which of the following is not a true statement about a Government Company?

• It has a separate legal entity.

• It is free from budgetary, accounting and audit procedures.

• Government is the major shareholder.

• It is wholly owned by the government.

In a survey conducted by Government of India, it was found that many farmers of the country are unable to secure loan for their agricultural needs. Keeping this in mind, the Government decided to form a Public Enterprise under a special act of Parliament, which will have financial and operational autonomy. Which type of Public Enterprise would you suggest to the government?

• Statutory Corporation

• Departmental Undertaking

• Government Company

• All of these

Under which policy the role of Public Sector was more dominant?

• Industrial Policy 1991

• Industrial Policy 1948

• Industrial Policy 1952

• Industrial Policy 1993

Which sector can modify their policies as per the needs of the situation?

• Private Sector

• Public Sector

• Both of these

• None of these