Types of Companies

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  • Q1

    Public Sector Enterprises are owned

    Marks:1
    Answer:

    by the central government or state government or both.

    Explanation:
    Public Sector enterprises are owned by the state government or central government or both. These are formed by the government to participate in the economic activities of the country.
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  • Q2

    One of the oldest and the most traditional form of public sector enterprise is

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    Answer:

    Departmental undertaking.

    Explanation:
    Departmental undertakings are established as departments of the ministry and are considered part or an extension of the ministry itself. The Government functions through these departments and the activities performed are an important part of the functioning of the government.
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  • Q3

    What is the full form of MNC:

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    Answer:

    Multinational Corporation

    Explanation:
    Big corporations which have their operations in a number of countries
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  • Q4

    Pizza Hut is an American fast food restaurant chain with more than 6,000 store locations in US and 5,139 in 94 other places around the world. Thus, Pizza Hut is a

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    Answer:

    global enterprise.

    Explanation:
    Global enterprises operate in several areas producing multiple products with their business strategy extending over a number of countries.
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  • Q5

    The employees of Bharat Heavy Electricals Limited (BHEL), in which government holds 67.72% of shares, are appointed as per the rules and regulations contained in the

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    Answer:

    Memorandum and Articles of Association of the company.

    Explanation:

    BHEL is a government company as the government holds more than 51% of paid up capital of the company. The employees of a government company are appointed as per the rules and regulations contained in the memorandum and articles of association of the company. These documents are the main documents of the company containing the objects of the company and rules and regulations.

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