Benefits and Disadvantages of a Government Company

Q.

Difference between internal audit or interim audit

Q.

How does the government maintain a regional balance in the country ?

Q.

Describe the Industrial Policy, 1991, towards the public sector.

Q.

Which type of public enterprises is established under a special act of the parliament?

Q.

Why is there scope for SSI in developing countries like India?

Q.

Mention any two objective of public sector enterprise.

Q.

Audit Of Government Company Is Done By CAG (True/False.)

1. True
2. False

Q.

Give two challenges faced by public sector enterprises before 1991.

Q. Select the proper option from the options given below and rewrite the sentences.

A multinational corporation is also known as _______.

(a) global corporation
(b) regional corporation
(c) national corporation

Q. Short Answer Type Questions: Explain the concept of public sector and private sector.

Q. Write short Notes on the following.

Changing role of public sector.

Q.

Name the sector whose role has changed considerably in the Indian economy after 1991 and explain any five changes.

Q.

The autonomy and flexibility of public corporations are only for namesake.

1. True

2. False

Q.

Explain the new approach of the Indian Government towards public enterprises.

Q.

The growth of public sector has lead to the expression of ganiful employment opportunities.

1. True

2. False

Q. Which of the following refers to a corporate body created by the Parliament of State Legislature by a special Act which defines its powers, functions and pattern of management?

1. Departmental undertaking
2. Statutory corporation
3. All of the above
4. Government company

Q. Which of these is a problem relating to service sector in India?

1. Poor infrastructure
2. All of the above
3. Lack of inter-sectoral support
4. Poor support for tourism

Q.

The government of India has entered MOU with many public sector enterprises to improve their performance. Which values are involved in this action of the Government.

Q. Which of the following entity is created under an Act of the Parliament or an Act of the State Legislature?

1. Government companies
2. Statutory corporation
3. Co-operative society
4. Limited Liability Partnership

Q. ___ took the responsibility of developing infrastructural facilities and provided goods, essential for economy.

Q. Write short answer to the followings.

How are government company useful for economic development?

Q. The government can participate in the ___ activities through these enterprises of the country

Q. Government company is not answerable directly to the ___

Q. Minimum no. of directors in case of private company is ________.

1. 4
2. 2
3. 3
4. 1

Q. Public sector played a major role in removing regional disparities and in development of states in a balanced way.

1. True
2. False

Q. An auditor is appointed by the Central Government and the Annual Report is to be presented in the parliament or the ___ .

Q. A government company can be established by fulfilling the requirements of the Indian Companies Act, 1956/ 2013.

1. True
2. False

Q. A government company enjoys autonomy in all management decisions and takes actions according to business prudence.

1. True
2. False

Q. Select the proper option from the options given below and rewrite the sentences.

Public enterprises are financed by ________.

(a) Government
(b) Private businessman
(c) Political leaders

Q.

Private enterprise is not subject to strict financial control by the ___.

1. government

2. departmental undertaking

3. public-private partnership

4. all of the above