CLASS- 11 BST CH-3 CASE STUDIES AND VALUE BASED QUESTIONS (PRIVATE ,PUBLIC AND GLOBAL ENTERPRISES)

 

CLASS -11 BUSINESS STUDIES 

CHAPTER - 3 PRIVATE , PUBLIC AND GLOBAL ENTERPRISES 

CASE STUDY AND VALUE-BASED QUESTIONS WITH ANSWERS 


Q. 1. Indian Railway' is a part of Railway Ministry. It is organized, financed and controlled by Railway Ministry. The finances are allocated from government treasury and whatever revenue it earns is deposited to government treasury only. It is treated as a part of government and even the appointment, recruitment and selection of employees is done in the same way as that of civil servant.

(a) Name the type of public sector enterprise railway is considered as.

(b) What is the status of employees working in railways?

(c) How does it get its finance?

(d) What does it do with its revenue?

 

Ans. (a) Departmental undertaking.

(b) They are considered as civil servants or government employees.

(c) From government treasury.

(d) It is deposited in the government treasury.


Q 2. Vodafone Ltd. is a big company providing telecom services to lacs of people in our country. Another group which is providing similar services is 'MTNL (Mahanagar Telecom Nigam Limited), They are also enjoying good position in providing telecom services to many people. MTNL is directly accountable to public and it is financed and controlled by government, whereas Vodafone is not under the direct control of government.

(a) The given case is referring to two enterprises working in different sectors. Name the sector in which these enterprises are working.

(b) MTNL is accountable to public, Vodafone, is accountable to whom?


Ans. (a) (i) Vodafone - Private Sector (ii) MTNL- Public Sector

(b) Vodafone is accountable to their owner and investor.

 

Q. 3. With Enactment of LIC Act, 1956, an autonomous body, Life Insurance Corporation of India was formed. The act defines its powers, duties and functions. It has a separate legal entity. It is fully owned by government. It has independent financial policy and can raise funds by borrowing from public and government. However it is not subject to any budgetary accounting or audit control like Railways. It's annual report is presented in parliament every year.

(a) Name the type of public sector enterprise referred in above case.

(b) Name the act under which it is formed.

(c) Name any other statutory corporation.

(d) State two features of statutory corporation mentioned above.

 

Ans. (a) Public Corporation or Statutory Corporation.

(b) LIC Act 1956.

(c) ONGC (Oil and Natural Gas Corporation of India).

(d) (i) Separate Legal Entity. (ii) Financial autonomy.

 

Q. 4. Gas authority of India Ltd. (GAIL) is carrying on various projects of energy and power. Majority of its shares are held by government of India. It is registered under Companies Act, 1956 and enjoy all the characteristics of a company. The board of directors are appointed by the government. The Board and shareholders are responsible for the efficient working of the company. The company prepares its annual report and submit to appropriate authorities.

(a) Name the type of public sector enterprise referred in above para.

(b) Government buys shares in whose name?

(c) Where does government companies submit their reports?

 

Ans. (a) 'Government Company'.

(b) President of India.

(c) In both the houses of parliament, Lok Sabha as well as Rajya Sabha.


Q. 5. To overcome the difficulties faced by public in public transport system, the government of India started the METRO project in which the government involved private sector participation to get the benefits of efficiency of private sector. The project was great success as lacs of people are enjoying the metro service to move from one place to other. 

(a) State the type of enterprise mentioned in above last. 

(b) Name the PPP' providing metro service in Delhi. 

(c) Give any two features of PPP. 


Ans, (a) 'PPP' Public Private Partnership.

(b) DMRC. 

(c) PPP’s main objective is to combine the skills, expertise and experience of both public and private sectors to deliver high quality services.


(2) PPPs divide the risk between public and private sector.

(3) The Govt, remains accountable for the quality and costs of the services


Q. 6. Sony Ltd. is a leader in electronics. It is registered in a company and has its business operations in many countries of world. Its headquarter is in Japan (Tokyo). To manage its branches and subsidiaries in different countries, the company employs trained and professional managers. They always make use of latest technology to remain leader in electronics. 

(a) Name the type of enterprise mentioned in above case. 

(b) State where the headquarter of Sony is located. 

(c) State two benefits of Sony mentioned in above para. 

Ans. (a) 'Multinational Company' or global enterprise. 

(b) Japan (Tokyo) 

(c) (i) Efficient management. 

     (ii) Use of sophisticated or latest technology.



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