11th Commerce - Book Back Answers - Chapter 9 - English Medium Gudies

 

  

 

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Tamil Nadu Board 11th Standard Commerce - Chapter 9: Book Back Answers and Solutions

    This post covers the book back answers and solutions for Chapter 9 – Commerce from the Tamil Nadu State Board 11th Standard Commerce textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Commerce  Chapter 9 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 11 students! Prepare well and aim for top scores. Thank you!

Chapter 9: GOVERNMENT ORGANISATION

I. Choose the correct answer

1. The share capital of the government company must not be less than
a) 75 %
b) 60 %
c) 95 %
d) 51 %
Answer Key:
d) 51 %

2. The oldest  form  of  organisation  in   public sector
a) Statutory corporations
b) Departmental Undertakings
c) Multi-National Corporations
d) State Owned company
Answer Key:
b) Departmental Undertakings

3. A Government company purchases shares in the name of
a) Prime Minister
b) President
c) Chief Justice of India
d) State Chief Minister
Answer Key:
b) President
 
4. The primary objective of the state enterprises is to ______
a) Earn profit
b) Provide Employment
c) Serve the People
d) All the Above
Answer Key:
c) Serve the People

 II. Very Short answer questions

1. Give two examples of Public Corporation.

• Food Corporation of India (FCI)
• ONGC
• Tourism Corporation of India

2. Give two examples of Departmental Undertaking.

• Indian Railway
• Tamilnadu Police Department
• Department of Food and Public Distribution

3. What is meant by Red-Tapism?

• There is too much of procedures which results in delay
• Commercial organisation cannot afford delay in taking decisions

 

III. Short answer questions

1. What is meant by Departmental undertakings.

• Department form of organisation of managing state enterprises is the oldest form of  organisation.
• In those days, no distinction was made between the routine functions of the Government and that of the public enterprises.
• A public enterprise is run as a separate full-fledged ministry.

2. What is meant by Government Company?

• A “Government company” is defined under Section 2(45) of the Companies Act, 2013 as  any company in which not less than 51% of the paid-up share capital is held by the Central Government, or any State Government.

3. What is meant by Public Corporations?

• A public corporation is that form of public enterprise which is created as an autonomous unit, by a special Act of the Parliament or the State Legislature.
• Since a public corporation is created by a Statute.
• It is also known as a statutory corporation

 

IV. Long answer questions

1. What are the advantages of Departmental undertaking? (any 5)
Easy Formation

•  It is easy to set up a departmental undertaking.

Secrecy Maintained

• Strategic industries like defence and atomic power cannot be better managed other  than  government  departments.

Lesser Burden of Tax on Public

• Earnings of departmental undertaking are entirely paid into Government treasury,resulting in lesser  tax burden on the public.

Instrument of Social Change

• Government can promote economic and social justice through departmental undertakings.

Lesser Risk of Misuse of Public Money 

• As the departmental undertaking is subject to budgeting, accounting and audit procedures of the government

2. What are the features of Public Corporations? (any 5)
Special Statute

• A public corporation is created by a special Act of the Parliament or the State Legislature.

Separate Legal Entity

• A public corporation is a separate legal entity with perpetual succession and common seal.

Financial Autonomy

• A public corporation enjoys financial autonomy. It prepares its own budget.

Own Staff

• A publication corporation has its own Staff.

Public Accountability

• A public corporation has to submit its annual report on its working. 

3. What are the features of Government Company? (any 5)
Registration Under the Companies Act

•  A Government company is formed through registration under the Companies Act, 1956.

Executive Decision of Government

• A Government company is created by an executive decision of the Government

Separate Legal Entity

• A Government company is a legal entity separate from the Government.

Own Staff

• A Government company has its own staff

Free from Procedural Controls

• A Government company is free from budgetary, accounting and audit controls, applicable to Government  undertakings.