Business Studies MCQ Class 11 Chapter 3 | Private Public and Global Enterprises | Business Studies Quiz for Class 11 and Other Competitive Exams
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Business Studies MCQ Class 11 Chapter 3
1. Which of the following enterprises may benefit the most by an established brand name at the time of incorporation? (d) Joint Venture
(a) Departmental Undertaking
(b) Government Company
(c) Statutory corporations
(d) Joint Venture
Expalnation:
This is the correct answer. When two parties enter a joint venture one of the parties benefits from the other’s goodwill, which has already been established in the market. With an established brand name there is a ready market waiting for the product to be launched. A lot of investment is saved in the process.
2. The funding of which of the following enterprise comes directly from the government treasury, is under an annual appropriation from the budget of the government and the revenue earned by it is also paid into the treasury? (a) Departmental undertaking
(a) Departmental undertaking
(b) Statutory corporation
(c) Government company
(d) Cooperatives
3. A government company is any company in which the paid up capital held by the government is not less than (b) 51 percent
(a) 49 percent
(b) 51 percent
(c) 50 percent
(d) 25 percent
4. Centralised control in MNC’s implies control exercised by (c) Headquarters
(a) Branches
(b) Subsidiaries
(c) Headquarters
(d) Parliament
5. Which of the following types of organisations has the capability of expansion of market territory and operates through a network of subsidiaries, branches and affiliates? (b) MNC
(a) MOFA
(b) MNC
(c) Public Sector enterprises
(d) Private sector enterprises
Explanation:
Multi National Corporations are global enterprises that undertake expansion of market territories extending beyond the physical boundaries of their own country. They operate through a network of subsidiaries, branches and affiliates in their host countries.
6. Which of the following roles are played by the public sector in the economy?
a. Regional balance
b. Economies of scale
c. Check over-concentration of economic power
d. Import substitution
e. Development of infrastructure
(a) Only a, b and d (e) All of these
(b) Only a, c, d, and e
(c) Only a, b, c, and e
(d) Only b, c, d, and e
(e) All of these
7. The public sector enterprises are to invest and operate in certain spheres. Which of the following is not one of these core sectors? (c) Pharmaceuticals
(a) Civil aviation
(b) Power generation plants
(c) Pharmaceuticals
(d) Project management consultancies
Explanation: This is a core sector where the government invested through public sector enterprises.
8. Which of the following has the power of the government and the considerable amount of operating flexibility of private enterprises? (b) Statutory Corporations
(a) Departmental Undertakings
(b) Statutory Corporations
(c) Government companies
(d) All of the above
9. The shares of a Government Company are purchased in the name of which of the following? (b) The President of India
(a) The Indian Government
(b) The President of India
(c) The Chief Minister of the state, where the head office of the company lies
(d) The Managing Director of the company
10. Which of the following is true about statutory corporations? (a) Statutory corporations are public enterprises that come into existence by a special act of the parliament
(a) Statutory corporations are public enterprises that come into existence by a special act of the parliament
(b) Statutory corporations are subject to the same accounting and audit procedures as are applicable to government departments
(c) Statutory enterprises are funded directly by the government treasury
(d) The employees of statutory enterprises are civil servants
11. The funding of which of the following enterprises comes directly from the government treasury, is under an annual appropriation from the budget of the government, and the revenue earned by it is also paid into the treasury? (a) Departmental undertaking
(a) Departmental undertaking
(b) Statutory corporation
(c) Government company
(d) Cooperatives
12. Disinvestments of PSE’s ( Public Sector Enterprises) imply _____. (a) Sale of equity shares to private sector/public
(a) Sale of equity shares to private sector/public
(b) Closing down operations
(c) Investing in new areas
(d) Buying shares of PSE’s
13. Which of the following enterprises may benefit the most from an established brand name at the time of incorporation? (d) Joint Venture
(a) Departmental Undertaking
(b) Government Company
(c) Statutory corporations
(d) Joint Venture
14. Which of the following types of organisations has the capability of expanding the market territory and operating through a network of subsidiaries, branches, and affiliates? (b) MNC – Multinational Companies
(a) MOFA – Ministry of Foreign Affairs
(b) MNC – Multinational Companies
(c) Public Sector Enterprises
(d) Private Sector Enterprises
15. The forms of organisation which a public enterprise may take are? b) Only a, c and d
a. Departmental undertaking
b. Cooperative
c. Statutory corporation
d. Government company
(a) Only a, b, and c
(b) Only a, c and d
(c) Only b, c and d
(d) Only a, b and d
Explanation: This is the correct answer because departmental undertaking, statutory corporation and government companies are all forms of public enterprise.