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BUSINESS STUDIES

Total questions: 25

Worksheet time: 25mins

Name
Class
Date
1.

The Public sector consists of various organizations owned and managed by the (a)  

2.

The private sector consists of business owned by (a)  

3.

Sole proprietorship is an example of (a)   sector.

4.

Public sector can be classified into (a)   divisions.

5.

Partnership is an example of

a)

(a) Joint stock company

b)

(b) Private sector

c)

(c) Statutory corporation

d)

(d) Public sector

6.

Disinvestments of PSE’s implies

a)

(a) Sale of equity shares to public

b)

(b) Investing in new areas

c)

(c) Buying shares of PSE’s

d)

(d) Closing down private sector

7.

The role of private and public sector were clearly defined by the government through

a)

(a) Industrial policy 1991

b)

(b) The parliament

c)

(c) The industrial policy resolution 1948

d)

(d) The Indian companies act 2013

8.

A government company is any company in which paid up capital held by the government is less than:

a)

49%

b)

50%

c)

51%

d)

60%

9.

Which of the following is not a feature of departmental undertakings.

a)

(a)The employees of the enterprise are not civil servants

b)

(b)They are generally considered to be a major subdivision of the government department

c)

(c) Funding of these enterprises directly come from government treasury.

d)

(d)all of the above

10.

This form of public sector enterprise is brought into existence by a special act of the parliament.

a)

(a)Government company

b)

b)Statutory corporation

c)

(c)Departmental undertakings

d)

(d)None of the above

11.

It refers to the process of sale of equity shares to the private sector and to the public

a)

Globalisation

b)

Disinvestment

c)

Import Substitution

d)

Economies of scale

12.

Airlines, tour operators, hotels, theme parks, car hire companies, theatres, shops, restaurants and any organisation that is aiming to make a profit belongs to which type of travel and tourism organisation?

a)

Private

b)

Public

c)

Voluntary

13.

Reena maintains her family by using her private vehicle for hire. Identify as public or private sector.

a)

private

b)

public

14.

----------- is an example of private sector

a)

Railways

b)

Reliance

15.

Government organizations are a part of the ______________ sector.

a)

public

b)

private

16.

Select the options which are the forms of Public Sector Enterprises.

a)

Non Profit Organisations

b)

Government Companies

c)

Public Companies

d)

Co-operative Societies

e)

Departmental Undertakings

17.

Public Sector Enterprises are owned by ?

a)

State Government

b)

Central Government

c)

Both of these

d)

None of these

18.

Employees of Departmental undertakings are

a)

Not government officials

b)

Government Officials

c)

Private Employees

d)

Personal Employees

19.

Select the appropriate examples for Departmental Undertakings.

a)

BHEL

b)

Railways

c)

Defence Establishments

d)

LIC

e)

Telephone

20.

Statutory corporation is created by a (a)  

21.

Select the appropriate features for Statutory Corporation.

a)

Formation

b)

No Seprate Legal Entity

c)

Service motive

d)

Public Accountability

22.

Public Corporations are fully owned by _______

a)

State

b)

Government

c)

Public

d)

all of these

23.

Air India is an Exmple of ?

a)

Departmental Undertakings

b)

Statutory corporation

c)

Government Companies

d)

None of these

24.

Government companies are registered under ?

(a)  

25.

Select the appropriate features for Government companies.

a)

Private owners

b)

Incorporation

c)

Public Servents

d)

Financial Autonomy

e)

Separate Legal Entity