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MCQs on Business Studies Class 11 Chapter 3 - Public, Private, and Global Enterprises
By Mohit Yadav Last updated : April 29, 2023
MCQs on Business Studies (CBSE) Class 11 (Chapter 3) Public, Private, and Global Enterprises. Practice these multiple-choice questions and answers with explanations to learn, revise, and enhance your skills in Class 11 (Chapter 3) Public, Private, and Global Enterprises. All these questions are prepared by experts based on the current NEP exam pattern.
List of Business Studies Class 11 Chapter 3 (Public, Private, and Global Enterprises) MCQs
1. Which one is the example of the department of undertaking?
- Post
- Airline
- Railway
- All of these
Answer: D) All of these
Explanation:
Post, airline, and railway are examples of the department of the undertaking.
2. Which one comes under the private sector?
- Sole proprietor
- Limited companies
- Partnership
- All of these
Answer: D) All of these
Explanation:
Sole proprietors, Limited companies, and partnerships come under the private sector.
3. What kind of economy India is?
- Private economy
- Public economy
- Mixed economy
- Developing economy
Answer: C) Mixed economy
Explanation:
Indian govt handles both economies rather it is privately owned or owned by govt. So our Indian economy is a mixed economy.
4. Which businesses are owned by individuals or groups of individuals?
- Public sector
- Private sector
- Service sector
- All of these
Answer: B) Private sector
Explanation:
The private sector are owned by individuals or groups of individuals.
5. Who owns PSEs?
- Government
- MNCs
- Private organization
- Joint Hindu family
Answer: A) Government
Explanation:
PSEs are owned by the Government only.
6. Who will reconstruct the sick public sector?
- MoU
- NRI
- BIFR
- None of these
Answer: C) BIFR
Explanation:
Board of Industrial and Financial Reconstruction (BIFR).
7. Full form of MOFA?
- Multi-organization field academy
- The memory of the function arranger
- Majority-owned Foreign affiliates
- None of these
Answer: C) Majority-owned Foreign affiliates
Explanation:
The full form of MOFA is Majority owned Foreign affiliates.
8. Full of MNC?
- Multinational Companies
- Multi-National corps
- Multi-National Corporation
- Multinational challenges
Answer: A) Multinational Companies
Explanation:
Multinational Companies is the full form of MNC.
9. Full form MOU?
- Memory of understanding
- Mode of undertaken
- Memorandum of understanding
- Memorandum of unity
Answer: C) Memorandum of understanding.
Explanation:
Memorandum of understanding is the full form of MOU.
10. In the 1956 resolution on industrial policy, how many industries were reserved for the public sector?
- 17
- 18
- 16
- 34
Answer: A) 17
Explanation:
In 1956 there were 17 industries reserved for the public sector
11. How many industries were exclusively reserved for the public sector in 2002?
- 3
- 6
- 9
- 12
Answer: A) 3
Explanation:
At present, the number is 3.
- Atomic energy
- Railway transport
- The substance is specified in the schedule to the notification of the government of India in the Department of atomic energy dated 5th March 1995
12. Who owns PSE's organization?
- Joint Hindu organization
- MNC company
- Private company
- Government
Answer: D) Government
Explanation:
PSEs is owned by the government
13. Whose name the government uses to purchase the share?
- The president of India
- PMO office
- President
- Indian government
Answer: A) The president of India
Explanation:
The Government of India uses the name of the president of India to purchase the share.
14. Which of the following are public enterprises?
- Department of undertaking
- Government companies
- Both A & B
- None of these
Answer: C) Both A & B
Explanation:
Department of Undertaking & government companies are public enterprises.
15. A preliminary contract is used to sign ____.
- Before the incorporation
- After the incorporation
- Between incorporation
- None of the above
Answer: A) Before the incorporation
Explanation:
A preliminary contract is used to sign before the incorporation.
16. How many types of cooperative societies are there?
- 1
- 3
- 6
- 9
Answer: C) 6
Explanation:
There are 6 types of cooperative societies are there.
17. As per the companies act, of 2013 which company is known as a public company?
- The company which is not private
- The company who have restrictions to share their shares
- The company that give limitations to their member
- None of these
Answer: A) The company which is not private
Explanation:
The company which is not private.
18. In which year did industrial policy resolution take place?
- 1956
- 1955
- 1954
- 1950
Answer: A) 1956
Explanation:
In 1956 industrial policy resolution take place.
19. How many forms of public sector enterprises are there?
- 3
- 8
- 2
- 9
Answer: A) 3
Explanation:
There are 3 forms of public sector enterprises are there.
20. Which is the most traditional way of organizing public sector enterprises?
- Department undertaking
- Government companies
- Option A & B
- None of the above
Answer: A) Department undertaking
Explanation:
Department undertaking is the most traditional way of organizing public sector enterprises.