Important Questions for CBSE Class 11 Business Studies Chapter 3

Important Questions for CBSE Class 11 Business Studies Chapter 3 Private, Public and Global Enterprises which is outlined by expert Business Studies teachers from the latest version of CBSE (NCERT) books.

CBSE Class 11 Business Studies Chapter -3 Important Questions

Question 1

What are the different types of PSEs?

Answer: Different types of Public Sector Enterprises are:

  • Statutory Corporation
  • Government Companies
  • Departmental Undertaking

Question 2

Mention the types of business enterprise which operates in more than 1 nation.

Answer: Such companies can be called as Multinational Companies (MNCs), which operates in different countries by setting up its branch offices, factories in those nations. However, such companies have their headquarters in 1 country where all the primary activities take place. For instance, Accenture, Philips, etc.,

Question 3

What are the objectives of a public sector enterprise?

Answer:

  • To avert the development of monopoly and concentration of the economic power in the private hands
  • To accomplish rapid economic enhancement via industrial growth

Question 4

Provide 2 features of a public-private partnership.

Answer:

  • The private sector’s role in the partnership is to make maximum use of its skills in managing tasks, innovation and operations to run the business effectively
  • The public partners in a public-private partnership (PPP) are the government organisations, i.e., municipalities, government departments, ministries or state-owned enterprises. The private partners can be either local or international and include businesses or investors with financial or technical skills that are relevant to the project

Question 5

What are the features of an MNC?

Answer:

  • Huge capital resources
  • Foreign collaboration
  • Advanced technology
  • Product innovation

Question 6

What is Joint venture?

Answer: A joint venture is a business arrangement in which 2 or more persons give their consent to pool their resources for the purpose of completing a particular task. This task can either be a new project or any other business pursuit. In a joint venture (JV), each of the participant is accountable for profits, losses and costs related with it.

Question 7

What is departmental undertaking?

Answer: The departmental undertaking is the traditional form of an establishment of the public sector enterprise. It is organized, financed and controlled in such a way that any other government enterprise. The undertaking is under the regulation of a minister who is accountable to the parliament.

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