Private Public And Global Enterprises(11th Grade > Business Studies ) Questions and answers for exam Preparation

11th Grade > Business Studies

PRIVATE PUBLIC AND GLOBAL ENTERPRISES MCQs

Total Questions : 30 | Page 1 of 3 pages

1. Indian Railways runs 12,617 trains to carry over 23 million passengers daily.

2. Railways play a vital role in helping the people in the event of natural calamtities like droughts, floods, famines, earthquakes etc.

Which of the above statements is correct?

Only statement 1 is correct
Only statement 2 is correct
Both statements 1 and 2 are correct
Neither of the statements is correct

Discuss Question

Answer: Option C. -> Both statements 1 and 2 are correct
:
C

Both statements 1 and 2 are correct.

1. Indian Railways runs 12,617 trains to caary over 23 million passengers daily.

2. Railways play a vital role in helping the people in the event of natural calamtities like droughts, floods, famines, earthquakes etc.

Question 2.

Indian economy consists of ___________.

Only Private Business
Only Government Business
Private and Government owned business
None of these

Discuss Question

Answer: Option C. -> Private and Government owned business
:
C

Indian economy consists of public and private owned business.

Question 3.

Which of the following is an example of Departmental undertakings?

Railway
Post and Telegraph Department
Air India
All of these

Discuss Question

Answer: Option D. -> All of these
:
D

All of these are examples of Departmental Undertakings.

Question 4.

___________ consists of business owned by individuals or a group of individuals.

Private Sector
Service Sector
None of these
Public Sector

Discuss Question

Answer: Option A. -> Private Sector
:
A

Private Sector consists of business owned by individuals or a group of individuals.

Question 5.

One of the problems of Indian Railways is that there is too much intereference of ministers and top officials.

True
False
(a) Departmental undertaking. (b) They are regular employees of a company. (c) From government treasury. (d) It is deposited in the government treasury.
None of these

Discuss Question

Answer: Option A. -> True
:
A

True. One of the problems of Indian Railways is that there is too much intereference of ministers and top officials.

Question 6.

'Indian Railway' is a part of Railways Ministry. It is organised, financed and controlled by Railway Ministry. The finances are allocated from government treasury and whatever revenue it earns is deposited to government treasury only. It is treated as a part of government and even the appointment, recruitment, and selection of employees is done in the same way as that of civil servant.

Choose the correct answer combinations for following questions:

(a) Name the type of public sector enterprise railways is considered.

(b) What is the status of employees working in railways?

(d) What does it do with its revenue?

(a) Departmental undertaking. (b) They are considered civil servants or government employees. (c) From government treasury. (d) It is deposited in the government treasury.
(a) Statutory corporation. (b) They are considered civil servants or government employees. (c) From their own treasury. (d) It is deposited in their own treasury.
(a) Departmental undertaking. (b) They are regular employees of a company. (c) From government treasury. (d) It is deposited in the government treasury.
None of these

Discuss Question

Answer: Option A. -> (a) Departmental undertaking. (b) They are considered civil servants or government employees. (c) From government treasury. (d) It is deposited in the government treasury.
:
A

(a) Departmental undertaking.

(b) They are considered civil servants or government employees.

(d) It is deposited in the government treasury.

Question 7.

___________ are set up under an Act of parliament and are governed by the provisions of the Act.