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![Balbharati solutions for Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board chapter 5 - Forms of Business Organisation - 2 - Shaalaa.com](/images/organisation-of-commerce-and-management-ocm-english-11-standard-maharashtra-state-board_6:6d7a64cd67404b7ba86273ac2c28fe3b.JPG "Balbharati solutions for Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board chapter 5 - Forms of Business Organisation - 2")
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Solutions for Chapter 5: Forms of Business Organisation - 2
Below listed, you can find solutions for Chapter 5 of Maharashtra State Board Balbharati for Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board.
Balbharati solutions for Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board 5 Forms of Business Organisation - 2 EXERCISE [Pages 112 - 116]
Select the correct option and rewrite the sentence:
Departmental Organisation is financed through __________________ Appropriations made by the legislature.
Annual budget
monthly budget
quarterly budget
Select the correct option and rewrite the sentence:
A _________ is an autonomous corporate body created by the special Act of the Parliament or State legislature.
Statutory corporation
government company
MNC
Select the correct option and rewrite the sentence:
A statutory corporation is answerable to ___________ Or state assembly whosoever creates it.
Parliament
public
employees
Select the correct option and rewrite the sentence:
In government company minimum __________ % paid-up capital is held by the government.
51
41
31
Select the correct option and rewrite the sentence:
The shares of government company are purchased in the name of ___________
President of India
Chief Minister
Defence Minister
Select the correct option and rewrite the sentence:
Government on the advice of ___________ Appoints auditor of government company.
Comptroller and Auditor General of India
auditor
chartered accountant
Select the correct option and rewrite the sentence:
A government company is a __________ entity separate from the government.
Natural
legal
human
Select the correct option and rewrite the sentence:
_________ Company has public accountability.
MNC
Private
Government
Select the correct option and rewrite the sentence:
MNCs are powerful __________ Entities.
economical
political
social
Match the pairs.
| Group ‘A’ | Group ‘B’ | ||
| A) | BHEL | 1) | Special Legislature |
| B) | Statutory Corporation | 2) | 49% paid-up capital by govt. |
| C) | Departmental Organisation | 3) | Service Motive |
| D) | Private Sector | 4) | Railway |
| E) | Public Sector | 5) | Profit Motive |
| 6) | 51% paid-up capital by govt. | ||
Give one word/phrase/term.
Organisations which are owned by individual or group of individuals.
Give one word/phrase/term.
Organisations which are owned by the government
Give one word/phrase/term.
The sector which aims at profit maximization.
Give one word/phrase/term.
The sector which aims at providing reliable services to customers.
Give one word/phrase/term.
Organisations which are owned, financed, managed and controlled by government or combination of government.
Give one word/phrase/term.
The organisation which is owned, managed, controlled, and financed by government.
Give one word/phrase/term.
The oldest form of business organisation under the public sector.
Give one word/phrase/term.
The organisation which performs it’s all activities as an integral part for government only.
Give one word/phrase/term.
The organisation which is financed through annual budget appropriations made by the legislature.
Give one word/phrase/term.
The organisation in which there is direct and absolute control of government over the enterprise.
Give one word/phrase/term.
An autonomous corporate body created by the Special Act of the parliament or state legislature with defined powers, functions, and duties.
Give one word/phrase/term.
An organisation which is answerable to parliament or state assembly whosoever creates it.
Give one word/phrase/term.
An organisation which 1s not subject to the budget, accounting and audit controls by the government.
State True or False.
Private sector Organisations are owned by individuals or groups of individuals.
True
False
State True or False.
Public sector Organisations are owned by government.
True
False
State True or False.
The private sector aims at providing reliable services to customers.
True
False
State True or False.
The public sector was undertaken as a part of industrial policy, 1956.
True
False
State True or False.
Departmental organisation is the oldest form of business organisation under public sector.
True
False
State True or False.
Departmental organisation performs its all activities separately from the government.
True
False
State True or False.
The Minister-in-charge of ministry is the head of departmental organisation
True
False
State True or False.
There is always problem of red tapism and bureaucracy in departmental organisation.
True
False
State True or False.
There is large scope for the initiative and skill in departmental organisation.
True
False
State True or False.
In departmental organisation there is flexibility in operations.
True
False
Find the odd word out.
Indian Post
Indian Railway
Bank of India
Air India
Find the odd word out.
Life Insurance Corporation
Reserve Bank of India
Bharat Heavy Electricals Limited
ONGC
Find the odd word out.
Pepsi
Coca Cola
Dabur
Proctor & Gamble
Find the odd word out.
Tata Motors
Hindustan Aeronautics Limited
Steel Authority of India Limited
Gas Authority of India Limited
Complete the sentence.
A Government company is a ________ entity separate from the government.
Complete the sentence.
_____________ is owned, managed, controlled, and financed by government.
Complete the sentence.
A ___________ has defined powers, functions and duties.
Complete the sentence.
All government companies are registered under ____________ Act, 2013.
Complete the sentence.
MNCs are powerful _________ entities.
Answer in one sentence.
What is Government Company?
Answer in one sentence.
What is a Departmental Organisation?
Answer in one sentence.
What is Statutory Corporation?
Answer in one sentence.
What is Multinational Corporation?
Answer in one sentence.
What is Public Sector?
Answer in one sentence.
What is Private Sector?
Correct the underlined word and rewrite the following sentence.
Statutory Corporation is a natural person created by special Acts.
Correct the underlined word and rewrite the following sentence.
A Statutory Corporation is not answerable to parliament or state assembly.
Correct the underlined word and rewrite the following sentence.
MNC have existence only in single country.
Correct the underlined word and rewrite the following sentence.
Departmental Organisation has separate existence from the government.
Correct the underlined word and rewrite the following sentence.
Private sector aims at providing essential services to customers.
Explain the following term/concept.
Public Sector Organisation.
Explain the following term/concept.
Private Sector Organisation.
Explain the following term/concept.
Departmental Organisation.
Explain the following term/concept.
Statutory Corporation.
Explain the following term/concept.
Government Company.
Explain the following term/concept.
Multinational Corporation.
Study the following case/situation and express your opinion.
There is X company in which capital contribution by different entities is as follows: Madhya Pradesh Government 35%, Maharashtra Government 35%, and Government of India 30% of the company.
- Find out the type of this company.
- Tell any two features of this company.
- Give an example of this type of company.
Study the following case/situation and express your opinion.
There is a company which is having a registered office in Singapore and such a company is having branch offices in Varanasi (India) and Hambantota (Sri Lanka). This company provides cellular services to host countries through their respective branch offices.
- Find out the type of organisation.
- Comment on it.
Study the following case/situation and express your opinion.
A central government passes a statute in the parliament and forms a business organisation which is having autonomy in administration and this organisation is answerable to the legislature.
- Which type of organisation is this?
- Give any three Features of this organisation.
- Give anyone an example of this type of organisation.
Distinguish Between.
Private Sector Organisation and Public Sector Organisation.
Distinguish Between.
Department Organisation and Statutory Corporation.
Distinguish Between.
Government Company and Multinational Corporation.
Distinguish Between.
Departmental Organisation and Multinational Corporation.
Distinguish Between Government Company and Statutory Corporation.
Distinguish Between.
Departmental Organisation and Government Company.
Distinguish Between.
Departmental Organisation and Multinational Corporation.
Answer in brief.
State any four features of the Departmental Organisation.
Answer in brief.
State any four features of statutory corporation.
Answer in brief.
State any two demerits of Multinational Corporation.
Answer in brief.
State any four merits of Government Company.
Justify the following statement.
Departmental Organisations are run for providing public services.
Justify the following statement.
There is direct control of Government on departmental organisation.
Justify the following statement.
There is no political interference in statutory corporations.
Justify the following statement.
There is professional management in statutory corporation.
Justify the following statement.
MNC helps to end local monopolies.
Justify the following statement.
MNC has worldwide existence.
Justify the following statement.
MNC has mighty economic powers.
Attempt the following.
Merits of Departmental Organisation.
Attempt the following.
Demerits of Departmental Organisation.
Attempt the following.
Merits of Statutory Corporation.
Attempt the following.
Demerits of Statutory Corporation.
Attempt the following.
Features of Government Company.
Attempt the following.
Demerits of Government Company.
Attempt the following.
Features of Multinational Corporation.
Attempt the following.
Merits of Multinational Corporation.
Answer the following in detail.
Explain the Departmental Organisation and its features.
Answer the following in detail.
Explain the merits and demerits of departmental Organisation.
Answer the following in detail.
Explain Statutory Corporation and its features.
Answer the following in detail.
Explain merits and demerits of Statutory Corporation.
Answer the following in detail.
Explain Government Company and its features.
Answer the following in detail.
Explain merits and demerits of Government Company.
Answer the following in detail.
Explain Multinational Corporation and its features.
Answer the following in detail.
Explain the merits and demerits of multinational corporations.
Solutions for 5: Forms of Business Organisation - 2
Balbharati solutions for Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board chapter 5 - Forms of Business Organisation - 2
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Concepts covered in Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board chapter 5 Forms of Business Organisation - 2 are Public Sector Organisations, Departmental Organisation, Statutory Corporation, Government Company, Multinational Corporations.
Using Balbharati Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board solutions Forms of Business Organisation - 2 exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Balbharati Solutions are essential questions that can be asked in the final exam. Maximum Maharashtra State Board Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board students prefer Balbharati Textbook Solutions to score more in exams.
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