Which of the following is a characteristic of a public enterprise? MCQ with Answer and Explanation

Question

Share Report Error

Which of the following is a characteristic of a public enterprise?

A. Ownership and control by the government

B. Absence of social objectives

C. Ownership and control by private individuals

D. Profit maximisation as the sole objective

Answer: Option A

Solution (By JKSSB Mock Tests)

Public enterprises are owned and controlled by the government and often pursue social objectives along with commercial ones.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Which of the following is a tool of quantitative monetary policy?

A. Open Market Operations

B. Moral suasion

C. Credit rationing

D. Direct action

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Open Market Operations (buying and selling of government securities by RBI) is a quantitative tool that affects the overall volume of credit and money supply.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Child and Adolescent Labour (Prohibition and Regulation) Act' was amended in which year?

A. 2010

B. 2018

C. 2016

D. 2020

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Child Labour Act was amended in 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the 'Baumol-Tobin Model' of money demand?

A. Only the speculative motive matters

B. Money demand arises from the transactions motive and depends on income and the interest rate

C. Money demand is independent of the interest rate

D. Money demand is proportional only to wealth

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The Baumol-Tobin inventory-theoretic model derives transactions demand for money as a function of income (or expenditure), the interest rate and the fixed cost of transferring funds between money and interest-bearing assets.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs