Introduction to Company Form of Business Organisation Quiz

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What type of business organisation is Steel Authority of India Limited (SAIL)?

Sole Proprietorship
Cooperative Society
Partnership
Joint Stock Company (correct)

Which form of business organisation are State Bank of India (SBI) and National Thermal Power Corporation (NTPC) organized as?

Joint Hindu Family Business
Joint Stock Company (correct)
Sole Proprietorship
Partnership

What is the main feature of a Joint Stock Company?

Single ownership
Unlimited liability
Flexible management structure
Limited liability (correct)

Which form of business organisation is considered suitable for small and medium-sized businesses?

Sole Proprietorship (B) Signup and view all the answers

What is the role of the Government of India in setting up big business units like Steel Authority of India Limited (SAIL)?

Owner of Joint Stock Companies (A) Signup and view all the answers

What type of business organisation is Steel Authority of India Limited (SAIL)?

Joint Stock Company (B) Signup and view all the answers

What is the role of the Government of India in setting up big business units like Steel Authority of India Limited (SAIL)?

To establish Joint Stock Companies for industrialization purposes (D) Signup and view all the answers

What form of business organisation are State Bank of India (SBI) and National Thermal Power Corporation (NTPC) organized as?

Joint Stock Company (B) Signup and view all the answers

What are the main objectives of public and private sector enterprises?

To maximize profits and shareholder wealth (A) Signup and view all the answers

Which form of business organisation is considered suitable for small and medium-sized businesses?

Sole Proprietorship (C) Signup and view all the answers

Explain the role of the Government of India in establishing big business units like Steel Authority of India Limited (SAIL).

The Government of India owns and has set up a Joint Stock Company known as Steel Authority of India Limited (SAIL) to promote industrialization and economic development in underdeveloped areas. Signup and view all the answers

Discuss the significance of State Bank of India (SBI), National Thermal Power Corporation (NTPC), Grasim Industries Limited (GIL), Reliance Industries Limited (RIL), and Tata Steel Limited in the context of business organisation.

These are all big business units organized in the form of Joint Stock Companies, demonstrating the prevalence and importance of the Joint Stock Company form of business organization in the Indian business landscape. Signup and view all the answers

What are the main objectives of public sector enterprises in the context of promoting planned economic development?

The main objective of public sector enterprises is to promote planned economic development, primarily through the establishment and management of key industrial units and infrastructure projects. Signup and view all the answers

Describe the learning outcomes related to government's role in promoting planned economic development and the objectives of public and private sector enterprises.

The learning outcomes include discussing the government's role in promoting planned economic development and describing the objectives of public and private sector enterprises, emphasizing the importance of these concepts within the context of business organization and economic development. Signup and view all the answers

What are the merits and limitations of the Joint Stock Company form of business organization?

The merits and limitations of Joint Stock Companies are discussed in detail, providing a comprehensive understanding of the advantages and drawbacks of this particular form of business organization. Signup and view all the answers

Introduction to Company Form of Business Organisation Quiz

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Questions and Answers

What type of business organisation is Steel Authority of India Limited (SAIL)?

Which form of business organisation are State Bank of India (SBI) and National Thermal Power Corporation (NTPC) organized as?

What is the main feature of a Joint Stock Company?

Which form of business organisation is considered suitable for small and medium-sized businesses?

What is the role of the Government of India in setting up big business units like Steel Authority of India Limited (SAIL)?

What type of business organisation is Steel Authority of India Limited (SAIL)?

What is the role of the Government of India in setting up big business units like Steel Authority of India Limited (SAIL)?

What form of business organisation are State Bank of India (SBI) and National Thermal Power Corporation (NTPC) organized as?

What are the main objectives of public and private sector enterprises?

Which form of business organisation is considered suitable for small and medium-sized businesses?

Explain the role of the Government of India in establishing big business units like Steel Authority of India Limited (SAIL).

Discuss the significance of State Bank of India (SBI), National Thermal Power Corporation (NTPC), Grasim Industries Limited (GIL), Reliance Industries Limited (RIL), and Tata Steel Limited in the context of business organisation.

What are the main objectives of public sector enterprises in the context of promoting planned economic development?

Describe the learning outcomes related to government's role in promoting planned economic development and the objectives of public and private sector enterprises.

What are the merits and limitations of the Joint Stock Company form of business organization?

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