Saturday, October 26, 2024

Unit 1: MCQs Concept & Aims of Education HS 1st year Education

 Unit 1: Concept & Aims of Education

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1. **What is the etymological meaning of the term "Education"?**

   - a) To inspire knowledge

   - b) To develop from within or to lead out

   - c) To acquire skills

   - d) To impart discipline  

   **Answer:** b) To develop from within or to lead out


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2. **Which philosopher defines education as “the creation of a sound mind in a sound body”?**

   - a) Plato

   - b) Aristotle

   - c) John Dewey

   - d) Sir Percy Nunn  

   **Answer:** b) Aristotle


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3. **According to M.K. Gandhi, education is:**

   - a) The control of one's environment

   - b) Development of social responsibilities

   - c) An all-round drawing out of the best in body, mind, and spirit

   - d) The acquisition of specialized knowledge  

   **Answer:** c) An all-round drawing out of the best in body, mind, and spirit


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4. **Education as a "bi-polar" process primarily involves which two entities?**

   - a) Student and curriculum

   - b) Educator and educand

   - c) Parent and society

   - d) Government and school  

   **Answer:** b) Educator and educand


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5. **In the narrow sense, education is primarily defined as:**

   - a) Development from birth to death

   - b) Formal instruction in schools and colleges

   - c) Totality of life's experiences

   - d) Learning from parents and community  

   **Answer:** b) Formal instruction in schools and colleges


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6. **The aim of "individual development" in education focuses on:**

   - a) Social welfare

   - b) Economic independence

   - c) Vocational training

   - d) The all-round development of a person  

   **Answer:** d) The all-round development of a person


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7. **Which type of education includes the totality of experiences an individual gains from all aspects of life?**

   - a) Formal Education

   - b) Informal Education

   - c) Non-formal Education

   - d) Specialized Education  

   **Answer:** b) Informal Education


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8. **Who defined education as "the development of all those capacities in the individual which will enable him to control his environment and fulfill his possibilities"?**

   - a) Pestalozzi

   - b) John Dewey

   - c) Swami Vivekananda

   - d) Socrates  

   **Answer:** b) John Dewey


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9. **Which aim of education supports preparing individuals for specific professions?**

   - a) Social aim

   - b) Vocational aim

   - c) Democratic aim

   - d) Intellectual aim  

   **Answer:** b) Vocational aim


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10. **The relationship between education and sociology is important because:**

    - a) It fosters the physical development of students

    - b) Education helps in the intellectual growth of an individual

    - c) It emphasizes understanding social institutions and human behavior

    - d) It assists in learning mathematical concepts  

    **Answer:** c) It emphasizes understanding social institutions and human behavior


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11. **Which of the following definitions of education was provided by Plato?**

    - a) Education is the development of innate powers.

    - b) Education is the process of self-development.

    - c) Education is the capacity to feel pleasure and pain at the right moment.

    - d) Education is the complete development of individuality.  

    **Answer:** c) Education is the capacity to feel pleasure and pain at the right moment.


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12. **What term is used to describe education as a process that continues from "the cradle to the grave"?**

    - a) Bi-polar process

    - b) Social process

    - c) Life-long process

    - d) Intellectual process  

    **Answer:** c) Life-long process


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13. **In education, the concept of a "tri-polar process" involves the educator, the educand, and:**

    - a) Society

    - b) The environment

    - c) The institution

    - d) The government  

    **Answer:** a) Society


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14. **Which of the following is NOT considered a type of education?**

    - a) Formal Education

    - b) Non-formal Education

    - c) Academic Education

    - d) Informal Education  

    **Answer:** c) Academic Education


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15. **Education as "modification of human behavior" implies that education:**

    - a) Alters a person’s physical appearance

    - b) Adjusts an individual's behavior to better fit societal expectations

    - c) Is focused solely on intellectual learning

    - d) Is based on economic requirements  

    **Answer:** b) Adjusts an individual's behavior to better fit societal expectations


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16. **According to the etymology, "Educare" implies that education:**

    - a) Is purely academic

    - b) Draws out potential from within

    - c) Requires formal schooling

    - d) Is only necessary for young children  

    **Answer:** b) Draws out potential from within


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17. **Which type of education is planned and has a structured curriculum?**

    - a) Informal Education

    - b) Non-formal Education

    - c) Formal Education

    - d) Experiential Education  

    **Answer:** c) Formal Education


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18. **The aim of "social education" is primarily to:**

    - a) Develop intellectual capacities

    - b) Foster individuality

    - c) Prepare students to contribute to society

    - d) Train for specific professions  

    **Answer:** c) Prepare students to contribute to society


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19. **Education as an "instrument of social change" implies that education:**

    - a) Helps people adapt to their existing social conditions

    - b) Passively teaches history and social studies

    - c) Can challenge and transform social norms and practices

    - d) Exclusively promotes government policies  

    **Answer:** c) Can challenge and transform social norms and practices


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20. **Which educator said, "Education is the complete development of the individuality of the child"?**

    - a) Aristotle

    - b) Sir Percy Nunn

    - c) John Dewey

    - d) Pestalozzi  

    **Answer:** b) Sir Percy Nunn


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21. **Swami Vivekananda's view of education as "the manifestation of divine perfection already existing in man" suggests education is:**

    - a) Focused on external skills only

    - b) Aimed at material gain

    - c) An inner development of one's inherent qualities

    - d) A systematic training of the mind  

    **Answer:** c) An inner development of one's inherent qualities


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22. **Education's relationship with "philosophy" is significant because it:**

    - a) Encourages critical thinking and questions about life and existence

    - b) Develops advanced scientific knowledge

    - c) Involves only practical, vocational skills

    - d) Focuses exclusively on societal rules  

    **Answer:** a) Encourages critical thinking and questions about life and existence


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23. **The "vocational aim" of education focuses on:**

    - a) Imparting moral values

    - b) Preparing individuals for specific jobs

    - c) Teaching democratic principles

    - d) Encouraging self-reflection  

    **Answer:** b) Preparing individuals for specific jobs


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24. **According to Pestalozzi, education is:**

    - a) Attainment of universal knowledge

    - b) Harmonious development of man's innate powers

    - c) A process of social control

    - d) Learning through rote memorization  

    **Answer:** b) Harmonious development of man's innate powers


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25. **The democratic aim of education is to:**

    - a) Promote self-sufficiency in individuals

    - b) Foster social and political responsibilities

    - c) Train for vocational roles

    - d) Focus on individual achievements  

    **Answer:** b) Foster social and political responsibilities




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26. **In the narrow sense, education is primarily:**

   - a) A lifelong process

   - b) A planned and organized process

   - c) An informal process

   - d) A casual process of social interaction  

   **Answer:** b) A planned and organized process


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27. **What does the "bi-polar" process of education include, according to Sir John Adams?**

   - a) Teacher and society

   - b) Teacher and student

   - c) Student and curriculum

   - d) Teacher and environment  

   **Answer:** b) Teacher and student


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28. **In the "tri-polar" process of education, which additional element does John Dewey add to the teacher-student relationship?**

   - a) Curriculum

   - b) Society

   - c) School administration

   - d) Family  

   **Answer:** b) Society


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29. **Which of the following is true in the wider sense of education?**

   - a) Education is limited to formal institutions.

   - b) Education only aims at academic success.

   - c) Education is continuous from infancy to maturity.

   - d) Education primarily involves memorization.  

   **Answer:** c) Education is continuous from infancy to maturity.


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30. **What is the main focus of education as a "life-long process"?**

   - a) Completion of formal schooling

   - b) Acquisition of grades and certificates

   - c) Continuous acquisition of experiences throughout life

   - d) Preparation for specific professions  

   **Answer:** c) Continuous acquisition of experiences throughout life


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31. **The concept of education as "modification of human behavior" suggests that education:**

   - a) Changes behavior based on societal standards

   - b) Is purely instinctive

   - c) Is based on rote learning

   - d) Occurs only during childhood  

   **Answer:** a) Changes behavior based on societal standards


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32. **How does education act as an "instrument of social change"?**

   - a) By enforcing traditional customs

   - b) By teaching students only academic skills

   - c) By helping children learn to differentiate between right and wrong

   - d) By maintaining static beliefs and values  

   **Answer:** c) By helping children learn to differentiate between right and wrong


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33. **What does the "scope of education" refer to?**

   - a) Limitations of a subject's applicability

   - b) The area and variety of learning experiences education covers

   - c) Formal qualifications one can achieve

   - d) Fixed timetable and examination rules  

   **Answer:** b) The area and variety of learning experiences education covers


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34. **Formal education is characterized by:**

   - a) Flexible curriculum and evaluation

   - b) Informal learning with no set structure

   - c) Organized structure with a fixed course and timetable

   - d) Experiential learning without examinations  

   **Answer:** c) Organized structure with a fixed course and timetable


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35. **Which of the following best describes informal education?**

    - a) Structured, planned, and time-bound

    - b) Learning that happens through everyday experiences and interactions

    - c) Courses leading to formal degrees and certifications

    - d) Organized classroom instruction with a fixed curriculum  

    **Answer:** b) Learning that happens through everyday experiences and interactions


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36. **Non-formal education typically:**

    - a) Follows a strict curriculum and timeline

    - b) Has no specific learning objectives

    - c) Takes place outside formal institutions and is flexible

    - d) Is designed solely for academic advancement  

    **Answer:** c) Takes place outside formal institutions and is flexible


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37. **What is a key characteristic of education as a "social process" in the wider sense?**

    - a) It focuses on individual development through formal instruction only.

    - b) It encourages relationships with all aspects of society.

    - c) It only applies within academic institutions.

    - d) It is limited to childhood and youth development.  

    **Answer:** b) It encourages relationships with all aspects of society.


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38. **According to the bi-polar process of education, what is the primary role of the teacher?**

    - a) To ensure students memorize content

    - b) To impart knowledge and influence students’ personalities

    - c) To follow strict curriculum guidelines without student interaction

    - d) To observe student behavior passively  

    **Answer:** b) To impart knowledge and influence students’ personalities


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39. **The main purpose of the teacher in the tri-polar process is to:**

    - a) Focus solely on the student’s personal interests

    - b) Understand the student's individual needs within a societal context

    - c) Ignore societal influences in education

    - d) Follow rigid educational protocols  

    **Answer:** b) Understand the student's individual needs within a societal context


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40. **In formal education, student evaluation is primarily based on:**

    - a) Community service

    - b) Personal interests and projects

    - c) Examination results and grades

    - d) Unstructured feedback  

    **Answer:** c) Examination results and grades


--- 41. **What is a primary characteristic of informal education?** - a) It is pre-planned and structured - b) It is formalized through institutions - c) It is spontaneous and gained through daily experiences - d) It involves strict evaluations and certifications **Answer:** c) It is spontaneous and gained through daily experiences --- 42. **Where does informal education primarily take place?** - a) In schools and universities - b) In organized study groups - c) In family, social institutions, and media - d) In laboratories and classrooms **Answer:** c) In family, social institutions, and media --- 43. **A major difference between formal and informal education is that informal education:** - a) Follows a fixed curriculum - b) Awards degrees and diplomas - c) Is not pre-planned and happens incidentally - d) Requires trained teachers **Answer:** c) Is not pre-planned and happens incidentally --- 44. **What was a significant reason for the development of non-formal education?** - a) Limited access to formal education for many people - b) The rigid structure of informal education - c) The need for additional qualifications and degrees - d) Emphasis on early childhood education **Answer:** a) Limited access to formal education for many people --- 45. **Which of the following is true about non-formal education?** - a) It has a rigid structure and age limit - b) It is flexible and has no specific entry or exit requirements - c) It is based solely on examinations - d) It only includes academic subjects **Answer:** b) It is flexible and has no specific entry or exit requirements --- 46. **According to John Dewey, education should aim at:** - a) Preparing individuals for future academic success - b) Serving as a preparation for life beyond school - c) Reflecting real-life needs and providing societal integration - d) Primarily developing physical skills **Answer:** c) Reflecting real-life needs and providing societal integration --- 47. **What did Aristotle consider as the primary aim of education?** - a) Preparation for complete living - b) Achievement of social conformity - c) Creating a sound mind in a sound body - d) Developing individual freedom **Answer:** c) Creating a sound mind in a sound body --- 48. **In the individual aim of education, what is considered most essential?** - a) Fostering social conformity - b) Developing each individual’s unique qualities - c) Preparing for future employment - d) Maintaining strict discipline **Answer:** b) Developing each individual’s unique qualities --- 49. **A main critique of the individual aim of education is that it:** - a) Ignores the need for personal freedom - b) Emphasizes social development over individual growth - c) Encourages selfishness and economic individualism - d) Fails to consider the biological aspects of development **Answer:** c) Encourages selfishness and economic individualism --- 50. **The social aim of education, as promoted by John Dewey, primarily focuses on:** - a) Enhancing individual achievements - b) Strengthening society by molding individuals for social roles - c) Prioritizing academic excellence above other skills - d) Encouraging competition among individuals **Answer:** b) Strengthening society by molding individuals for social roles --- 51. **In the context of social aims, Dewey believed that schools should:** - a) Act as a simulation of real life - b) Solely focus on academics - c) Encourage individualistic pursuits - d) Limit student interaction with society **Answer:** a) Act as a simulation of real life --- 52. **Which of the following is NOT a feature of non-formal education?** - a) It is learner-dominated - b) It requires rigid attendance schedules - c) It allows for re-entry and flexible exit - d) It provides degrees and certificates upon completion **Answer:** b) It requires rigid attendance schedules --- 53. **The social aim of education stresses that individuals should:** - a) Seek personal success above societal needs - b) Be prepared to sacrifice individual interests for societal welfare - c) Only develop skills that are directly useful for employment - d) Be educated to avoid societal influence **Answer:** b) Be prepared to sacrifice individual interests for societal welfare --- 54. **The individual aim of education, as per Sir Percy Nunn, focuses on:** - a) Social development over personal goals - b) The complete suppression of individual freedom - c) Encouraging each person to reach their fullest potential - d) Building absolute obedience to societal norms **Answer:** c) Encouraging each person to reach their fullest potential --- 55. **Who believed that the aim of education should be "preparation for complete living"?** - a) John Dewey - b) Aristotle - c) Plato - d) Herbert Spencer **Answer:** d) Herbert Spencer ---- 56. **Which of the following is a strength of the social aim of education?** - A) It focuses on individual self-realization - B) It makes "man" a human being - C) It reduces individuality - D) It ignores the role of society in individual growth **Answer:** B) It makes "man" a human being 57. **What is one criticism of the social aim of education?** - A) It provides too much freedom to individuals - B) It emphasizes individual self-realization over social development - C) It may allow the ruling party to influence public ideology - D) It promotes too much individuality in education **Answer:** C) It may allow the ruling party to influence public ideology 58. **The individual aim of education emphasizes which of the following?** - A) Conformity to societal ideals - B) The biological heredity of a person - C) Economic efficiency and productivity - D) The development of social harmony **Answer:** B) The biological heredity of a person 59. **Vocational aim in education is also referred to as the "bread and butter aim" because it:** - A) Focuses on aesthetic and moral development - B) Prepares students for a life of spiritual fulfillment - C) Helps children become self-sufficient economically - D) Encourages social activism and change **Answer:** C) Helps children become self-sufficient economically 60. **Which philosopher supported vocational education as a means of practical learning?** - A) John Dewey - B) T. Raymont - C) Percy Nunn - D) Fichte **Answer:** B) T. Raymont 61. **What is a key criticism of vocational education?** - A) It fails to promote self-sufficiency - B) It does not contribute to a well-rounded life - C) It emphasizes intellectual growth over practical skills - D) It disregards the needs of the economy **Answer:** B) It does not contribute to a well-rounded life 62. **Which quality is *not* listed by John Dewey as a key quality developed by democratic education?** - A) Civic responsibility - B) Economic efficiency - C) Social justice - D) Religious faith **Answer:** D) Religious faith 63. **The term 'Sociology' derives from which languages?** - A) Latin and Greek - B) French and Latin - C) Greek and Sanskrit - D) German and Latin **Answer:** A) Latin and Greek 64. **According to the relationship between education and philosophy, philosophy provides:** - A) Methods for statistical analysis - B) Aims and values of education - C) Practical training for daily life - D) Economic models for educational policies **Answer:** B) Aims and values of education 65. **The philosophy of naturalism is primarily associated with which aim of education?** - A) Social aim - B) Liberal aim - C) Individual aim - D) Democratic aim **Answer:** C) Individual aim ---

Unit: 3 Private, Public and Global Enterprises HS 1st year Commerce

 Unit: 3 Private, Public and Global Enterprises

### MCQs


1. **What is the main characteristic of a Departmental Undertaking?**

   - A) It operates independently of the government.

   - B) It is part of a government ministry and not an independent entity.

   - C) It is created by an Act of Parliament.

   - D) It is governed by the Companies Act.


   **Answer:** B) It is part of a government ministry and not an independent entity.


2. **Which of the following is a feature of Statutory Corporations?**

   - A) They are directly controlled by a ministry.

   - B) They are created under an Act of Parliament.

   - C) They are governed by the rules of government departments.

   - D) They are dependent on the government budget for funding.


   **Answer:** B) They are created under an Act of Parliament.


3. **What percentage of paid-up capital must the government hold for a company to be classified as a Government Company?**

   - A) 50%

   - B) 51%

   - C) 75%

   - D) 100%


   **Answer:** B) 51%


4. **Which of the following is NOT a limitation of Departmental Undertakings?**

   - A) Lack of flexibility.

   - B) High degree of public accountability.

   - C) Delays in decision-making.

   - D) Insensitivity to consumer needs.


   **Answer:** B) High degree of public accountability.


5. **What is a key advantage of a Government Company?**

   - A) It does not have to file taxes.

   - B) It can operate entirely free of government influence.

   - C) It enjoys autonomy in management decisions.

   - D) It does not have to report to any governmental body.


   **Answer:** C) It enjoys autonomy in management decisions.


6. **Which of the following statements is true about Statutory Corporations?**

   - A) They are treated as part of the government.

   - B) They do not have the power to enter into contracts.

   - C) They operate independently with financial flexibility.

   - D) They are staffed exclusively by government employees.


   **Answer:** C) They operate independently with financial flexibility.


7. **Which form of public enterprise is considered to be the oldest and most traditional?**

   - A) Government Company

   - B) Statutory Corporation

   - C) Departmental Undertaking

   - D) Private Sector Company


   **Answer:** C) Departmental Undertaking


8. **What is one of the main disadvantages of Statutory Corporations?**

   - A) They are subject to the same audit controls as private companies.

   - B) They have complete operational freedom.

   - C) Government interference in major decisions.

   - D) They cannot sue or be sued.


   **Answer:** C) Government interference in major decisions.


9. **Which of the following is a merit of Departmental Undertakings?**

   - A) High operational flexibility.

   - B) Direct accountability to Parliament.

   - C) Ability to make independent business decisions.

   - D) Freedom from government rules and regulations.


   **Answer:** B) Direct accountability to Parliament.


10. **What type of funding does a Government Company primarily rely on?**

    - A) Direct government budget allocation.

    - B) Public donations.

    - C) Government shareholdings and capital market raising.

    - D) Private equity investments only.


   **Answer:** C) Government shareholdings and capital market raising. 


Certainly! Here are some multiple-choice questions (MCQs) based on the provided content, along with their answers.


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### **Section 3.3.3 Government Company**


**1. Under which Act is a government company established and governed?**

   - a) The Industrial Disputes Act, 1947  

   - b) The Companies Act, 2013  

   - c) The Banking Regulation Act, 1949  

   - d) The Public Sector Enterprises Act, 1991  

   - **Answer:** b) The Companies Act, 2013


**2. According to the Companies Act, a government company is one in which the government holds at least what percentage of the paid-up capital?**

   - a) 75%  

   - b) 51%  

   - c) 60%  

   - d) 49%  

   - **Answer:** b) 51%


**3. Which document defines the objectives and rules of a government company?**

   - a) Memorandum and Articles of Association  

   - b) Company Charter  

   - c) Financial Statements  

   - d) Employee Handbook  

   - **Answer:** a) Memorandum and Articles of Association


**4. Which of the following is NOT a feature of government companies?**

   - a) They can sue and be sued in a court of law  

   - b) They follow the Companies Act like other companies  

   - c) Their accounting is completely private and independent  

   - d) They acquire property in their own name  

   - **Answer:** c) Their accounting is completely private and independent


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### **Merits of Government Companies**


**5. Which of the following is an advantage of establishing a government company?**

   - a) Requires an act of Parliament  

   - b) Operates solely under government control  

   - c) Has a separate legal entity from the government  

   - d) Cannot compete in the market with private companies  

   - **Answer:** c) Has a separate legal entity from the government


**6. Which of the following best describes the market role of government companies?**

   - a) They offer products at high prices to control demand  

   - b) They provide goods and services at reasonable prices to control the market  

   - c) They primarily serve the government without public interaction  

   - d) They do not compete with private companies  

   - **Answer:** b) They provide goods and services at reasonable prices to control the market


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### **Limitations of Government Companies**


**7. One limitation of government companies is that they:**

   - a) Always operate at a profit  

   - b) Are free from the oversight of the Companies Act  

   - c) Are often controlled by the government, which may reduce autonomy  

   - d) Require private sector approval for all decisions  

   - **Answer:** c) Are often controlled by the government, which may reduce autonomy


**8. Why are some government companies not answerable directly to the Parliament?**

   - a) They are privately owned  

   - b) They evade constitutional responsibility  

   - c) They do not follow the Companies Act  

   - d) They are entirely autonomous with no government influence  

   - **Answer:** b) They evade constitutional responsibility


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### **Changing Role of the Public Sector**


**9. What was the primary reason for the government’s emphasis on public sector enterprises post-independence?**

   - a) To build private monopolies  

   - b) To ensure infrastructure development in key areas  

   - c) To restrict industrialization  

   - d) To focus solely on the export sector  

   - **Answer:** b) To ensure infrastructure development in key areas


**10. The new economic policies introduced in the 1990s emphasized:**

   - a) Full government control of industries  

   - b) Monopoly of public sector in all industries  

   - c) Liberalization, privatization, and globalization  

   - d) Restriction on private investment  

   - **Answer:** c) Liberalization, privatization, and globalization


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### **Public Sector Objectives and Reforms**


**11. Which public sector reform involves reducing the government’s equity in non-strategic PSUs to 26% or lower?**

   - a) Privatization  

   - b) Industrial Deregulation  

   - c) Disinvestment  

   - d) Subsidization  

   - **Answer:** c) Disinvestment


**12. In which year was the number of industries reserved exclusively for the public sector reduced to three?**

   - a) 1980  

   - b) 1991  

   - c) 2001  

   - d) 2010  

   - **Answer:** c) 2001


**13. What was the purpose of the National Renewal Fund established by the government?**

   - a) To support the privatisation of public sector units  

   - b) To provide compensation to retrenched workers in PSUs  

   - c) To fund new private-sector ventures  

   - d) To control the prices of goods produced by PSUs  

   - **Answer:** b) To provide compensation to retrenched workers in PSUs


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**14. What is a primary characteristic of Multinational Corporations (MNCs)?**

   - A) Limited capital resources

   - B) Operations limited to one country

   - C) Huge size and a network of operations in multiple countries

   - D) Minimal marketing strategies

   - **Answer:** C) Huge size and a network of operations in multiple countries


**15. What is a unique feature of global enterprises that sets them apart from other private companies?**

   - A) Minimal international presence

   - B) Centralised control from headquarters in the home country

   - C) Small product range

   - D) Limited technology resources

   - **Answer:** B) Centralised control from headquarters in the home country


**16. Which factor is a benefit of joint ventures?**

   - A) Decreased resources and capacity

   - B) Low cost of production in the home country

   - C) Increased access to technology and new markets

   - D) Ownership limited to one entity

   - **Answer:** C) Increased access to technology and new markets


**17. In which type of joint venture is a new, jointly owned entity typically **not** created?**

   - A) Contractual Joint Venture (CJV)

   - B) Equity-Based Joint Venture (EJV)

   - C) Public Private Partnership (PPP)

   - D) Global Enterprise Agreement (GEA)

   - **Answer:** A) Contractual Joint Venture (CJV)


**17. What is a common reason for entering into a joint venture?**

   - A) Avoiding financial risks

   - B) Expanding market reach and sharing expertise

   - C) Ensuring complete ownership of operations

   - D) Restricting to one product market

   - **Answer:** B) Expanding market reach and sharing expertise


**18. Which feature is typically associated with a Public-Private Partnership (PPP)?**

   - A) Private ownership of public assets

   - B) Public financing and private operational expertise

   - C) Minimal public involvement in the project

   - D) Complete government ownership and control

   - **Answer:** B) Public financing and private operational expertise


**19. Which industry is **not** commonly associated with Public-Private Partnerships (PPPs)?**

   - A) Power generation

   - B) Water and sanitation

   - C) Hospitality services

   - D) Road infrastructure

   - **Answer:** C) Hospitality services


**20. What is a significant weakness of the PPP model?**

   - A) High environmental standards

   - B) Inability to attract private finance easily

   - C) Minimal government oversight

   - D) Unlimited project expansion

   - **Answer:** B) Inability to attract private finance easily


**21. In a joint venture, which aspect is **not** typically shared?**

   - A) Management responsibilities

   - B) Risks and rewards

   - C) Daily operational decisions

   - D) Ownership of the joint venture entity (in equity-based joint ventures)

   - **Answer:** C) Daily operational decisions


**22. What distinguishes global enterprises in terms of product development?**

   - A) Lack of investment in R&D

   - B) Product innovation with advanced research departments

   - C) Minimal focus on international quality standards

   - D) Limited product designs

   - **Answer:** B) Product innovation with advanced research departments