Which of the following is a form of public enterprise based on ownership and organisation? MCQ with Answer and Explanation

Which of the following is a form of public enterprise based on ownership and organisation?
A. Only foreign multinational corporations
B. Departmental undertaking, public corporation and government company
C. Only private limited companies with no government share
D. Only cooperative societies without government ownership
Answer: Option B
Solution (By JKSSB Mock Tests)
Public enterprises may be organised as departmental undertakings, statutory public corporations or government companies in which the government holds a majority stake.

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Practice More Economy Set 1 Questions

Question #1
The 'International Bank for Reconstruction and Development' and International Development Association together are called:
A. World Bank (narrowly)
B. World Bank Group
C. United Nations
D. IMF

Correct Answer: Option A


Explanation:
IBRD and IDA together are often referred to as the World Bank.

This question belongs to: Economy GK Economy Set 1
Question #2
The term 'Base Year' in national income accounting is important because it:
A. Fixes the exchange rate
B. Determines the tax rates
C. Determines the fiscal deficit target
D. Provides the price structure for calculating real GDP

Correct Answer: Option D


Explanation:
The base year supplies the constant price weights used to compute real GDP and other volume measures, enabling meaningful comparisons over time.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a major difficulty in measuring national income in developing countries?
A. Absence of any informal economic activity
B. Presence of a large non-monetised and informal sector
C. Complete availability of reliable data for all activities
D. Uniform and comprehensive accounting practices

Correct Answer: Option B


Explanation:
Developing countries face significant measurement challenges due to a large non-monetised sector, widespread informal activities, under-reporting and inadequate statistical systems.

This question belongs to: Economy GK Economy Set 1