InterviewSolution
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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
What is Public Private Partnership ? Explain its features. |
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Answer» Public-Private Partnership refers to the involvement of private sector in the Govt, projects aimed at public benefit in the form of management expertise and monetary contribution. The following are the main features of PPP : (1)PPPs are related to high priority Govt, planned projects. (2)PPP’s main objective is to combine the skills, expertise and experience of both public and private sectors to deliver high quality services. (3)PPPs divide the risk between public and private sector. (4)The Govt, remains accountable for the quality and costs of the services. (5)PPPs are used in the Govt, projects aimed at public benefit. (6)PPPs projects lead to faster implementation and reduced life cycle. |
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| 2. |
What is that enterprise called in which a project or service is financed and operated through a partnership of government and private enter-prises ? |
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Answer» Correct Answer - Public Private Partnership (PPP) Public Private Partnership (PPP) |
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| 3. |
Name the enterprise that operates in several countries . Explain their characteristics. |
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Answer» Multinational companies are the enterprise that operates in several countries. Following are the salient features of MNCs: (i) Huge Assets and Turnover:Because of operations on a global basis, MNCs have huge physical and financial assets. This also results in huge turnover (sales) of MNCs. In fact, in terms of assets and turnover, many MNCs are bigger than national economies of several countries. (ii) International Operations Through a Network of Branches:MNCs have production and marketing operations in several countries; operating through a network of branches, subsidiaries and affiliates in host countries. (iii) Unity of Control:MNCs are characterized by unity of control. MNCs control business activities of their branches in foreign countries through head office located in the home country. Managements of branches operate within the policy framework of the parent corporation. (iv) Mighty Economic Power:MNCs are powerful economic entities. They keep on adding to their economic power through constant mergers and acquisitions of companies, in host countries. (v) Advanced and Sophisticated Technology:Generally, a MNC has at its command advanced and sophisticated technology. It employs capital intensive technology in manufacturing and marketing. |
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| 4. |
Name the enterprise which is the result of partnership between comapanies. Why do companies join together t work as one enterprise ? Give three reasons. |
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Answer» Joint venture is the enterprise which is the result of partnership between companies. Companies join together to work as one enterprise because of the following reasons: `1.`Joining hands with another company adds to existing resources and capacity enabling the joint venture company to grow and expand more quickly and efficiently. `2.`It access to new markets and distribution networks. `3.`It access to technology as they do not have to develop their own technology. |
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| 5. |
Why is there red tapism in day-to-day operations of a departmental undertaking? |
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Answer» Correct Answer - Beacause of bureaucrats control no action can be taken unless it goes through the proper channels of authority. Because of bureaucrats control no action can be taken unless it goes through the proper channels of authority. |
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| 6. |
A statutory corporation is a body corporate. True/False ? Given reason. |
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Answer» Correct Answer - True: A statutory corporation can use and be sued, enter into contract and acquire property in its own name. True: A statutory corporation can use and be sued, enter into contract and acquire property in its own name. |
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| 7. |
What do you understand by statutory corporations ? Give any four examples of statutory corporations in inda. |
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Answer» Statutory companies are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments. Examples: Reserve Bank of India, State Bank of India, Life Insurance Corporation, Unit Trust of India, Employees State Insurance Corporation, Oil and Natural Gas Corporation etc. are some examples of statutory corporations |
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| 8. |
Who heads the departmental undertakings ? |
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Answer» Correct Answer - Departmental undertakings are headed by government employees, IAS officers and civil servants. Departmental undertakings are headed by government employees, IAS officers and civil servants. |
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| 9. |
"Steel Authority of India Limited is a public enterprise". Identify this form of organising public enterrprise.A. Statutory CorporationB. Departmental undertakingC. Government companyD. Multi-national Corporation |
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Answer» Correct Answer - C c.Government company |
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| 10. |
Reserve Bank of India has been and setup as which type of public enterprise ?A. Statutory CorporationB. Departmental undertakingC. Government companyD. Multi-national Corporation |
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Answer» Correct Answer - A a.Statutory corporation |
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| 11. |
Explain the meaning and four features of department undertakings as a form of public sector enterprise. |
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Answer» Under departmental form of organisation, a public enterprise is run as a separate full-fledged ministry or as a major sub-division of a department of the Government.It is the oldest form. For example, the Indian Railways are managed by the Ministry of Railways. Post and Telegraph services are run as a department, in the Ministry of Communication. Features: `1.`They are accountable to the ministry since their management is directly under the concerned ministry. `2.`They are subject to accounting and audit controls applicable to other government activities. `3.`Employees of the enterprise are Government servants. `4.`It is generally considered to be a major subdivision of the government department. |
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| 12. |
Explain the meaning and any five features of a statutory corporation. |
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Answer» Statutory corporationare body corporates formed by a special act of parliament or by the central or state legislature. It is fully financed by the government. Its powers, objects, limitations etc. are also decided by the act of the legislature. Examples include Air India, State Bank of India, Life Insurance Corporation of India etc. The important features of a statutory corporations are as follows: (i) Formation Came into existence by a special act passed in the Parliament, which defines the objects, powers and functions of the corporation. (ii) Control and Ownership They are directly under the State Government. They have the power to appropriate its profits and also bear losses if any. (iii) Body Corporate/Separate Legal Existence They can sue and be sued, enter into contracts and purchase or sell property in their own name. (iv) Financial Autonomy They are financed by borrowings from the government or from public through revenue generated by sale of goods and services. (v) Accounting and Audit Control They are free from government accounting and audit control and are also not financed through government treasury. |
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| 13. |
Name the organisation which is formed by passing a special Act of Parliament of state Legislature. Give features of such enterprise. |
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Answer» Statutory corporation is the organisation which is formed by passing a special Act of Parliament of state Legislature. Features: `1.`These are set up under an Act of Parliament and are governed by provisions of the act. `2.`It is wholly owned by the state. `3.`It is independently financed. `4.`It is not subject to the same accounting and audit procedures applicable to government departments. |
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| 14. |
A corporation established under a special law of ParliamentA. Statutory CorporationB. Department undertakingC. Government companyD. Multi-national Corporation |
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Answer» Correct Answer - A (A) Statutory Corporation |
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| 15. |
Name the form of public sector enterprises that is constituted as an autonomous unit by an Act of Parliament. Explain any five features of such an organisation. |
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Answer» Statutory corporation is the form of public sector enterprises that is consituted as an autonomous unit by an Act of Parliament. Features: The important features of a statutory corporations are as follows: `(i)` Formation Came into existence by a special act passed in the Parliament, which defines the objects, powers and functions of the corporation. `(ii)` Control and Ownership They are directly under the State Government. They have the power to appropriate its profits and also bear losses if any. `(iii)` Body Corporate/Separate Legal Existence They can sue and be sued, enter into contracts and purchase or sell property in their own name. `(iv)` Financial Autonomy They are financed by borrowings from the government or from public through revenue generated by sale of goods and services. `(v)` Accounting and Audit Control They are free from government accounting and audit control and are also not financed through government treasury. |
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| 16. |
Name the organisation of formed by passing a Special Act of the Parliament. |
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Answer» Correct Answer - Statutory company Statutory company |
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| 17. |
Name the company in which at least 51 % shares are kept by government . |
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Answer» Correct Answer - Government company Government company |
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| 18. |
In whose name the shares of a government company are purchased ? |
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Answer» Correct Answer - The president of India The president of India |
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| 19. |
Disinvestments of PSEs impliesA. Sale of equity shares of publicB. Investing in new areasC. Buying shares of PSEsD. Chlosing down private sector/public operations |
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Answer» Correct Answer - A a.Sale of equity shares of public |
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| 20. |
PSEs are organisations owned byA. Joint Hindu Family BusinessB. GovernmentC. Foreign CompaniesD. Private entrepreneurs |
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Answer» Correct Answer - B (B) Government. |
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| 21. |
A government company is any company in which the paid-up capital held by government is not less thenA. 48 percentB. 51 percentC. 50 percentD. 25 percent |
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Answer» Correct Answer - B (B) 51% |
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| 22. |
Reserve Bank of India (RBI)is an example of a Government company. True/False ? Give reason. |
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Answer» Correct Answer - False: RBI is an example of a statutory corporation. False: RBI is an example of a statutory corporation. |
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| 23. |
A government company enjoys maximum autonomy. True/False ? Give reason. |
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Answer» Correct Answer - True : It enjoys maximum autonomy in all management decisions interference in the working of a government company. True : It enjoys maximum autonomy in all management decisions interference in the working of a government company. |
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| 24. |
The equity-based joint venture doe not includeA. Cooperative developmentB. CompanyC. PartnershipD. Limited libility partnership |
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Answer» Correct Answer - A a.Cooperative development |
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