WorksheetsJSC, Cooperative society and Public Sector
Total questions: 41
Worksheet time: 21mins
Owners of Joint stock company are called?
Partners
Shareholders
Directors
Members
Maximum number of members in Public Limited company
No limit
100
50
200
Minimum number of members in Private company
7
10
2
1
One person company is mandatory to register.
True
False
Partially True
Partially False
Which of the following is feature of Joint Stock Company?
One man control
Two or more person
Service Motive
Voluntary Association
Governing law for Joint Stock company
Hindu succession Act
Indian Companies Act
Partnership Act
Indian co-operative society Act
Management of Joint stock company is done by BOard of Directors elected by Shareholders.
True
False
Partially True
Partially False
Liability of owner is limited in
OPC
Partnership
Joint Stock company
Both a and c
How many representative OPC can have
1
2
3
4
Minimum paid up capital in Public company
1 Lakh
5 Lakhs
10 Lakhs
15 Lakhs
Shares are freely transferable in case of Private company
True
False
Partially True
Partilly False
A Shareholder is ______________
any random person
one who manages the company
Employee of the company
Owner of the company
Minimum 2 directors are to be appointed in public company
True
False
Maximum number of members in private limited company is _____
50
200
100
10
A company in which liability of each member is limited to the amount which he had undertaken to contribute, if necessary, to the assets of the company at the time of winding up, is known as____
Unlimited company
Company limited by shares
Company limited by guarantee
Which company is established under a special Act
Chartered Company
Statutory Company
Registered Company
British east India company is an example of _____ company
Chartered Company
Statutory Company
Registered Company
Reserve Bank of India is an example of
Chartered Company
Statutory Company
Registered Company
Multinational company is also known as______
Global enterprise
International enterprise
transnational corporation
All of the above
At least _____ persons are needed to form a cooperative society
7
2
10
1
Earning profits is the main motive of a cooperative society
True
False
The shares of cooperative society are freely transferable
True
False
Membership of Cooperative society is open
True
False
In a cooperative society every member has 1 vote irrespective of the number of shares help by him.
True
False
Liability of members in a cooperative society is unlimited
True
False
In which public sector enterprise ownership not less than 51% is by Central or state government
Government Company
Government Undertaking
Statutory/Public Corporations
In which public sector enterprise the over all control in by ministers who are responsible to the parliament
Government Company
Government Undertaking
Statutory/Public Corporations
In which public sector enterprise the staff recruitment, appointment and conditions are similar to those of other government employees
Government Company
Government Undertaking
Statutory/Public Corporations
Railway is an example of which type of public sector enterprise
Government Company
Government Undertaking
Statutory/Public Corporations
Which type of public sector enterprise is suitable where utmost secrecy is required
Government Company
Government Undertaking
Statutory/Public Corporations
Which type of public sector enterprise is also known as 'Mixed ownership companies'
Government Company
Government Undertaking
Statutory/Public Corporations
Which type of public sector enterprise is incorporated with its own special act
Government Company
Government Undertaking
Statutory/Public Corporations
Which type of public sector enterprise is incorporated under companies act, 1956
Government Company
Government Undertaking
Statutory/Public Corporations
Which type of public sector enterprise has no autonomy from government
Government Company
Government Undertaking
Statutory/Public Corporations
Which type of public sector enterprise is fully owned and funded by government but can borrow from private
Government Company
Government Undertaking
Statutory/Public Corporations
----------- is an example of private sector
Railways
Reliance
Amal maintains her family by using her private vehicle for hire. Identify as public or private sector
private
public
The public sector is the part of the economy owned and controlled by
Non for profit organisations
The state
Government organizations are a part of the ______________ sector.
public
private
Select the options which are the forms of Public Sector Enterprises.
Non Profit Organisations
Government Companies
Public Companies
Co-operative Societies
Departmental Undertakings
