public private and global enterprises Quiz-1

In your neighborhood market, there are shops owned by sole proprietors or big retail organisations run by a company. They belong to which sector?

• public

• private

• social

• mix

Answer explanation

The shops owned by sole proprietors or big retail organizations in your neighborhood market belong to the private sector.

Public sector organisations may either be partly or wholly owned by the______________ government.

• state
• central
• foreign
• central and state

Departmental enterprises is the form of public sector enterprises which is most suitable for operations where national security is concerned

• True
• False
• Can’t say
• Partially true

Which of the following has the power of the government and the considerable amount of operating flexibility of private enterprises?

• Departmental undertakings
• Statutory corporations
• Government companies
• All of the above

Which is the oldest and most traditional form of organising public enterprises?

• Statutory corporation
• Public company
• Government company
• Departmental undertaking

As India has adopted the framework of capitalist economy, thus all business organisations can be grouped as privately owned and government owned organisations.

• True
• False
• Can’t say
• Partially true

Government of India establishes its enterprises in backward areas. By doing this, which objective is fulfilled?

• Economies of scale
• Development of infrastructure
• Import substitution
• regional balance

Statutory corporations are formed by a Special Act of Parliament. The Act defines their powers objects and privileges

• True
• False
• Can’t say
• Partially false

The private sector consists of business owned by _______ .

• state government
• central government
• individuals or group of individuals
• ministers

Conversion of a PSU into a private sector enterprise is termed as __________ .

• Globalisation
• De-urbanisation
• Privatisation
• Liberalisation