Quiz on Private, Public and Global Enterprises

What is the primary characteristic of the private sector?

• Non-profit organizations

• Operates in multiple countries

• Owned by individuals or groups

• Owned by the government

Which of the following is NOT a form of public enterprise?

• Sole proprietorship

• Government company

• Statutory corporation

• Departmental undertaking

What is a key feature of statutory corporations?

• They are part of the government department

• They are created by a Special Act of Parliament

• They do not have legal status

• They are owned by private individuals

What does the term 'disinvestment' refer to?

• Increasing government ownership in companies

• Selling government shares in public enterprises

• Investing in new public sector units

• Creating new private companies

Which of the following is a benefit of joint ventures?

• Increased government control

• Higher taxes

• Limited market access

• Shared resources and risks

What is the main purpose of public sector enterprises?

• Reduce government spending

• Compete with private companies

• Provide essential services and infrastructure

• Maximize profits for shareholders

Which policy emphasized liberalization and privatization in India?

• Industrial Policy Resolution 1948

• Industrial Policy Resolution 1956

• New Economic Policy 1991

• Five Year Plans

What is a government company defined as?

• A company established under the Companies Act

• A non-profit organization

• A partnership firm

• A company with less than 51% government ownership

Which of the following is a limitation of departmental undertakings?

• Political interference

• Flexibility in decision-making

• Direct control by the ministry

• High degree of public accountability

What is one of the roles of the public sector in the economy?

• Encouraging monopolistic practices

• Providing infrastructure for industrialization

• Limiting competition

• Reducing employment opportunities