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 private limited companies with no government share
B. Departmental undertaking, public corporation and government company
C. Only cooperative societies without government ownership
D. Only foreign multinational corporations
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 'Goods and Services Tax' on casinos is:
A. 18%
B. 5%
C. 12%
D. 28%

Correct Answer: Option D


Explanation:
Casino services attract 28% GST.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Fourth Five Year Plan' period was:
A. 1961-1966
B. 1974-1979
C. 1969-1974
D. 1966-1971

Correct Answer: Option C


Explanation:
The Fourth Five Year Plan covered 1969-1974.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of elasticity, if income elasticity of demand for a good is negative, the good is:
A. Luxury good
B. Necessary good
C. Normal good
D. Inferior good

Correct Answer: Option D


Explanation:
A negative income elasticity of demand indicates that the good is inferior; demand for it falls as income rises.

This question belongs to: Economy GK Economy Set 1