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JSC, Cooperative society and Public Sector

Total questions: 41

Worksheet time: 21mins

Name
Class
Date
1.

Owners of Joint stock company are called?

a)

Partners

b)

Shareholders

c)

Directors

d)

Members

2.

Maximum number of members in Public Limited company

a)

No limit

b)

100

c)

50

d)

200

3.

Minimum number of members in Private company

a)

7

b)

10

c)

2

d)

1

4.

One person company is mandatory to register.

a)

True

b)

False

c)

Partially True

d)

Partially False

5.

Which of the following is feature of Joint Stock Company?

a)

One man control

b)

Two or more person

c)

Service Motive

d)

Voluntary Association

6.

Governing law for Joint Stock company

a)

Hindu succession Act

b)

Indian Companies Act

c)

Partnership Act

d)

Indian co-operative society Act

7.

Management of Joint stock company is done by BOard of Directors elected by Shareholders.

a)

True

b)

False

c)

Partially True

d)

Partially False

8.

Liability of owner is limited in

a)

OPC

b)

Partnership

c)

Joint Stock company

d)

Both a and c

9.

How many representative OPC can have

a)

1

b)

2

c)

3

d)

4

10.

Minimum paid up capital in Public company

a)

1 Lakh

b)

5 Lakhs

c)

10 Lakhs

d)

15 Lakhs

11.

Shares are freely transferable in case of Private company

a)

True

b)

False

c)

Partially True

d)

Partilly False

12.

A Shareholder is ______________

a)

any random person

b)

one who manages the company

c)

Employee of the company

d)

Owner of the company

13.
Minimum number of members to form a public company is:
a)
5
b)
7
c)
12
d)
21
14.

Minimum 2 directors are to be appointed in public company

a)

True

b)

False

15.

Maximum number of members in private limited company is _____

a)

50

b)

200

c)

100

d)

10

16.

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____

a)

Unlimited company

b)

Company limited by shares

c)

Company limited by guarantee

17.

Which company is established under a special Act

a)

Chartered Company

b)

Statutory Company

c)

Registered Company

18.

British east India company is an example of _____ company

a)

Chartered Company

b)

Statutory Company

c)

Registered Company

19.

Reserve Bank of India is an example of

a)

Chartered Company

b)

Statutory Company

c)

Registered Company

20.

Multinational company is also known as______

a)

Global enterprise

b)

International enterprise

c)

transnational corporation

d)

All of the above

21.

At least _____ persons are needed to form a cooperative society

a)

7

b)

2

c)

10

d)

1

22.

Earning profits is the main motive of a cooperative society

a)

True

b)

False

23.

The shares of cooperative society are freely transferable

a)

True

b)

False

24.

Membership of Cooperative society is open

a)

True

b)

False

25.

In a cooperative society every member has 1 vote irrespective of the number of shares help by him.

a)

True

b)

False

26.

Liability of members in a cooperative society is unlimited

a)

True

b)

False

27.

In which public sector enterprise ownership not less than 51% is by Central or state government

a)

Government Company

b)

Government Undertaking

c)

Statutory/Public Corporations

28.

In which public sector enterprise the over all control in by ministers who are responsible to the parliament

a)

Government Company

b)

Government Undertaking

c)

Statutory/Public Corporations

29.

In which public sector enterprise the staff recruitment, appointment and conditions are similar to those of other government employees

a)

Government Company

b)

Government Undertaking

c)

Statutory/Public Corporations

30.

Railway is an example of which type of public sector enterprise

a)

Government Company

b)

Government Undertaking

c)

Statutory/Public Corporations

31.

Which type of public sector enterprise is suitable where utmost secrecy is required

a)

Government Company

b)

Government Undertaking

c)

Statutory/Public Corporations

32.

Which type of public sector enterprise is also known as 'Mixed ownership companies'

a)

Government Company

b)

Government Undertaking

c)

Statutory/Public Corporations

33.

Which type of public sector enterprise is incorporated with its own special act

a)

Government Company

b)

Government Undertaking

c)

Statutory/Public Corporations

34.

Which type of public sector enterprise is incorporated under companies act, 1956

a)

Government Company

b)

Government Undertaking

c)

Statutory/Public Corporations

35.

Which type of public sector enterprise has no autonomy from government

a)

Government Company

b)

Government Undertaking

c)

Statutory/Public Corporations

36.

Which type of public sector enterprise is fully owned and funded by government but can borrow from private

a)

Government Company

b)

Government Undertaking

c)

Statutory/Public Corporations

37.

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

a)

Railways

b)

Reliance

38.

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

a)

private

b)

public

39.

The public sector is the part of the economy owned and controlled by

a)

Non for profit organisations

b)

The state

40.

Government organizations are a part of the ______________ sector.

a)

public

b)

private

41.

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