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11th Standard English Medium Commerce Subject Government Organisation Book Back 3 Mark Questions with Solution Part - I updated Book back Questions Set A

Published on: 13/05/2022

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Std: 11th Standard - Commerce

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Questions:

Generic 3

5 x 3 = 15

What is meant by Government Company?

What is meant by Departmental undertakings.

List the names of some enterprises under the public sector and classify them.

What are the different kinds of organisation that come under the public sector?

List the areas where the state or central ownership is a preferred form of business organisation. Justify your choice of areas.

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Answers Key:

Generic 3

5 x 3 = 15

A "Government Company" is defined under Section 2(45) of the Companies Act, 2013 as "any company in which not less than 51% of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company".

(i) Department form of organisation of managing state enterprises is the oldest form of organisation. In those days, no distinction was made between the routine functions of the Government and that of the public enterprises.
(ii) Under departmental form of organisation, a public enterprise is run as a separate full-fledged ministry or as a major subdivision of a department of the Government.
(iii) The Delhi Milk Scheme, All India Radio, Doordarshan are other examples of departmental undertakings.

1. Departmental organisations - Indian Railways, Food and Public distribution.
2. Public organisations - Food Corporation of India FCI, ONGC, Oil and Natural Gas Corporation.
3. Government companies - Steel Authority of India Ltd, Tamilnadu Transport Corporation.
4. Board organisations - Tamil Nadu Electricity Board, Tamil Nadu Slum Clearance Board.

There are 4 organisations that come under public sector. They are
i. Departmental organisations
ii. Public organisations
iii. Government companies
iv. board organisations

Following are the areas where the state or central ownership is a preferred form of business organisation:
1. the place where raw materials are available
2. the place where suitable workers are found
3. the place where transportation facilities like roadways, railways, shipping and airways are readily available.
4. The place where political stability is determined.