Students of class 11 Business Studies should refer to MCQ Questions Class 11 Business Studies Private Public and Global Enterprises with answers provided here which is an important chapter in Class 11 Business Studies NCERT textbook. These MCQ for Class 11 Business Studies with Answers have been prepared based on the latest CBSE and NCERT syllabus and examination guidelines for Class 11 Business Studies. The following MCQs can help you to practice and get better marks in the upcoming class 11 Business Studies examination

Chapter 3 Private Public and Global Enterprises MCQ with Answers Class 11 Business Studies

MCQ Questions Class 11 Business Studies Private Public and Global Enterprises provided below have been prepared by expert teachers of grade 11. These objective questions with solutions are expected to come in the upcoming Standard 11 examinations. Learn the below provided MCQ questions to get better marks in examinations.

Question. Airtel is a big company providing telecom services to millions of people in India. Similarly, BSNL also provides telecom services to many people. Government of India is holding 100% of the share capital of BSNL, whereas Airtel is not under the direct control of government. Identify the sectors in which Airtel and BSNL enterprises are working.   
(a) Public and private
(b) Public
(c) Private
(d) None of these

Question. Which of the following is not a type of public sector enterprise?       
(a) Joint hindu family business
(b) Departmental undertaking
(c) Statutory corporation
(d) Government company

Question. Which of the following has the power of the government and the considerable amount of operating flexibility of private enterprises?     
(a) Departmental undertakings
(b) Statutory corporations
(c) Government companies
(d) All of the above

Question. Public sector organisations may either be partly or wholly owned by the ……… government.     
(a) state
(b) central
(c) foreign
(d) central or state

Question. An organisation is working for the purpose of public welfare as a ministry of government. It is financed by government and all its income is deposited in government treasury. Identify which kind of public sector enterprise is it?     
(a) Partnership
(b) Departmental undertaking
(c) Sole proprietorship
(d) Company

Question. Some organisations are directly attached to a particular ministry of the central or state government and are under the direct control of the concerned minister. The business decisions are thus influenced by political consideration. State the type of enterprise come under this category.     
(a) Statutory corporation
(b) Government company
(c) Departmental undertaking
(d) None of the above

Question. Statutory corporations are formed by a Special Act of Parliament. The Act defines their powers, objects and privileges.   
(a) True
(b) False
(c) Can’t say
(d) Partially false

Question. Public sector enterprises are accountable to public through ……… .     
(a) parliament
(b) government
(c) public
(d) media

Question. Which government enterprise is registered under Indian Companies Act, 2013?   
(a) Departmental undertaking
(b) Public corporation
(c) Government company
(d) Partnership companies

Question. Which is the oldest and most traditional form of organising public enterprises?     
(a) Statutory corporation
(b) Public company
(c) Government company
(d) Departmental undertaking

Question. ……… type of PSUs has the highest degree of political interference.     
(a) Public corporation
(b) Departmental undertaking
(c) Government company
(d) None of the above

Question. Government of India establishes its enterprises in backward areas. By doing this, which objective is fulfilled?   
(a) Economies of scale
(b) Regional balance
(c) Development of infrastructure
(d) Import substitution

Question. Which policy was launched by Government of India in 1991?     
(a) JPG 
(b) GST
(c) LPG
(d) MPG

Question. Which of the following roles are played by the public sector in the economy?   
(i) Regional balance
(ii) Economies of scale
(iii) Check over concentration of economic power
(iv) Import substitution
(v) Development of infrastructure
(a) Only (i), (ii) and (iv)
(b) Only (i), (iii), (iv) and (v)
(c) Only (i), (ii), (iii) and (v)
(d) All of the above

Question. The private sector consists of business owned by ……… .     
(a) state government
(b) central government
(c) individuals or group of individuals
(d) ministers

Question. Departmental undertaking is a form of public sector enterprise which is most suitable for operations where national security is concerned.     
(a) True
(b) False
(c) Can’t say
(d) Partially true

Question. Conversion of a PSU into a private sector enterprise is termed as ……… .   
(a) Globalisation
(b) De-urbanisation
(c) Privatisation
(d) Liberalisation

Question. As India has adopted the framework of capitalist economy, thus all business organisations can be grouped as privately owned and government owned organisations.   
(a) True
(b) False
(c) Can’t say
(d) Partially true

Question. If a public sector enterprise is making losses continuously, it was referred to the ……… .     
(a) GIFR
(b) CIFR
(c) TIFR
(d) BIFR

Question. Government has given autonomy to a PSU to improve its performance but held it accountable for specified results under an agreement. What is this agreement called?   
(a) MoA
(b) AoA
(c) MoU
(d) GoU

Question. Grow Co. ltd., registered under the Companies Act, 2013, was started with a paid-up capital of ` 10,00,000. 40% of this paid-up capital is in the hands of private individuals and the balance is held by the government of Chennai. Grow company belongs to which form of public sector enterprises?     
(a) Statutory corporation
(b) Government company
(c) Departmental undertaking
(d) None of the above

Question. Public Ltd. company comes under which sector?     
(a) Public sector
(b) Joint sector
(c) Private sector
(d) None of these

Question. Public sector can be classified into ……… divisions.   
(a) 3
(b) 4
(c) 5
(d) 6

Question. Which PSU was the first to be privatised successfully in India?       
(a) LJMC
(b) GAIL
(c) ONGC
(d) BHEL

Question. How many industries are now reserved for public sector?   
(a) 2
(b) 3
(c) 4
(d) 17

Question. ……… form of PSU has the greatest autonomy.     
(a) Departmental undertakings
(b) Public corporation
(c) Government company
(d) None of the above

Question. A public sector company is incurring heavy losses and government proposes for closing the same. Which term is related to this statement?   
(a) Disinvestment
(b) Privatisation
(c) Demonetisation
(d) Socialisation

Question. BHEL was formed according to which Act?     
(a) Partnership Act
(b) Hindu Succession Act
(c) Companies Act
(d) Cooperative Societies Act

Question. The board of directors of the company are appointed by     
(a) government
(b) public
(c) shareholders
(d) None of these

Question. Statutory corporation is subject to the government rules and regulations in the matter of accounting, budgeting and audit as applicable to departmental undertaking.   
(a) True
(b) False
(c) Can’t say
(d) Partially true

Question. In your neighbourhood market, there are shops owned by sole proprietors or big retail organisations run by a company. They belong to which sector?   
(a) Public
(b) Private
(c) Social
(d) Mixed

Question. What does it do with its revenue?     
(a) Deposited in railway account
(b) Deposited in personal account
(c) Deposited in government account
(d) None of the above

Question. Indian economy is a ……… kind of economy.     
(a) global
(b) mixed
(c) capitalist
(d) socialist

Question. Statutory corporation is a company in which minimum 51% of the paid-up capital is held by the State or the Central Government.     
(a) True
(b) False
(c) Can’t say
(d) Partially true

Question. In India, railway is an organisation wholly owned and managed by the ……… .   
(a) reliance
(b) tata
(c) government
(d) railway department

Question. Strategic industries like defence and atomic power work as ……… .       
(a) departmental undertaking
(b) statutory corporation
(c) government company
(d) None of the above

Question. Disinvestment of PSUs implies     
(a) sale of equity shares to public
(b) investing in new areas
(c) buying shares of PSUs
(d) closing down private sector enterprise

Question. How employees are selected in railways?     
(a) Procedure of private companies
(b) Through placement agencies
(c) Through government
(d) None of the above

Question. Private enterprises are accountable to the public through the Parliament.   
(a) True
(b) False
(c) Can’t say
(d) Partially true

Question. 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.
(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.

Question. The Reserve Bank of India (RBI) was established under a Special Act of the Parliament, that lays down the objects, powers and functions of the corporation. It was established on 1st April, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. RBI formulates, implements and monitors the monetary policy and its main objective is to maintain price stability while keeping in mind the objective of growth. How will you classify the Reserve Bank of India as a form of public sector enterprise?     
(a) Departmental undertaking
(b) Statutory corporations
(c) Government company
(d) None of the above

Question. Which of the following enterprises has separate legal entity?     
(a) Departmental undertaking
(b) Statutory corporation
(c) Government company
(d) None of the above

Question. A government company is any company in which the paid up capital held by the government is not less than   
(a) 49 percent
(b) 51 percent
(c) 50 percent
(d) 25 percent

Question. The public sector enterprises are to invest and operate in certain spheres. Which of the following is not one of these core sectors?   
(a) Civil aviation
(b) Pharmaceuticals
(c) Power generation plants
(d) Project management consultancies

Question. How does it get its finance?       
(a) From personal funds
(b) From government treasury
(c) From RBI
(d) From SBI

Question. The shares of a government company are purchased in the name of which of the following?     
(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

Question. Identify the type of Mr Sahil’s enterprise.     
(a) Departmental undertaking
(b) Government company
(c) Private sector enterprise
(d) Statutory corporation

Question. Which form of PSU has its own MoA and AoA?   
(a) Private company
(b) Government company
(c) Departmental undertaking
(d) None of the above

Question. Departmental undertaking evades constitutional responsibility, as it is not answerable directly to Parliament for non-performance of duties.     
(a) True
(b) False
(c) Can’t say
(d) Partially false

Question. …………….is financed by the government through allocation of funds in the Annual General Meeting.   
(a) Departmental undertaking
(b) Statutory corporation
(c) Government company
(d) None of the above

Question. Identify the type of enterprise in which Miss Sarika is working.     
(a) Departmental undertakings
(b) Government company
(c) Private sector enterprise
(d) Statutory corporation

Question. New economic policy was passed in the year ……… .     
(a) 1985
(b) 1993
(c) 1991
(d) 1980

Question. Identify the type of company in which Miss Saroj is working.     
(a) Departmental undertakings
(b) Government company
(c) Private sector enterprise
(d) Statutory corporation

Question. Identify the type of company in which Mr Sunder is working.     
(a) Departmental undertakings
(b) Government company
(c) Public sector enterprise
(d) Statutory corporation

Question. “As government is the majority shareholder, it exercises control over the affairs of the company.” Which feature of government company highlighted in the given lines?   
(a) Formation
(b) Ownership
(c) Separate legal entity
(d) Audit procedure

Question. Capital of such corporations comes from ……… .   
(a) Board of Directors
(b) Government
(c) RBI
(d) None of these

Question. Name the type of public sector enterprise railway is considered as     
(a) departmental undertaking
(b) statutory corporation
(c) government company
(d) None of the above

Question. Identify the type of Mr Sahil’s father enterprise.     
(a) Departmental undertakings
(b) Government company
(c) Private sector enterprise
(d) Statutory corporation

Question. What is the status of employees working in railways?   
(a) Civil servants
(b) Private employees
(c) Self employed
(d) None of the above

Question. How will you classify BHEL as a form of public sector enterprise?     
(a) Departmental undertakings
(b) Government company
(c) Private sector enterprise
(d) Statutory corporation

We hope the above multiple choice questions for Class 11 Business Studies for Chapter 3 Private Public and Global Enterprises provided above with answers based on the latest syllabus and examination guidelines issued by CBSE, NCERT and KVS are really useful for you. Private Public and Global Enterprises is an important chapter in Class 11 as it provides very strong understanding about this topic. Students should go through the answers provided for the MCQs after they have themselves solved the questions. All MCQs have been provided with four options for the students to solve. These questions are really useful for benefit of class 11 students. Please go through these and let us know if you have any feedback in the comments section.