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
What are the different types of PSEs?
Answer: The different types of Public Sector Enterprises or PSEs are:
- Statutory Corporation
- Departmental Undertaking
- Statutory Corporation
Mention the types of business enterprise which operates in more than one nation.
Answer: Companies that operate a business in more than one nation are called Multinational Companies (MNCs). However, such companies have their headquarters in one country where all the primary business activities take place. For instance, Capgemini, Amazon, etc.,
What are the objectives of a public sector enterprise?
- To accomplish rapid economic enhancement through industrial growth
- To prevent the development of monopoly and concentration of the economic power in the private hands
Provide 2 features of a public-private partnership.
- 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.
What are the features of an MNC?
- Product innovation
- Foreign collaboration
- Advanced technology
- Huge capital resources
What is a Joint venture?
Answer: A joint venture is a business arrangement in which two or more persons give their consent to pooling 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 participants is accountable for profits, losses and costs related to it.
What is a departmental undertaking?
Answer: Departmental undertaking is a form of organisation in the public sector where a public enterprise is allowed to function as a full-fledged division. It is maintained, organised and financed by the government. For e.g. India Posts functions as a department within the Ministry of Communication.
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