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Private, Public and Global Enterprises — Revision Notes

CBSE · Class 11 · Business Studies

Private, Public and Global Enterprises revision notes for CBSE Class 11 Business Studies: 4 topics in quick points.

120 questions80 flashcards5 concepts

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Key Topics to Revise

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1. Private Sector and Public Sector

  • The Indian economy is a mixed economy because both privately owned and government owned business enterprises operate in it.
  • The economy is divided into two broad sectors: private sector and public sector.
  • Private sector business is owned by individuals or a group of individuals.
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2. Forms of Organising Public Sector Enterprises

  • Public enterprises may take three forms: departmental undertaking, statutory corporation, and government company.
  • The choice of form depends on the nature of operations and the relationship with the government.
  • Public enterprises are expected to serve economic development and are accountable to the public through Parliament.
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3. Departmental Undertakings

  • Departmental undertakings are established as departments of the ministry and are part of the government itself.
  • They are not independent legal entities.
  • Their funding comes directly from the Government Treasury as an annual budget appropriation.
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4. Statutory Corporations

  • Statutory corporations are public enterprises brought into existence by a Special Act of Parliament.
  • The Act defines their powers, functions, rules, regulations, and relationship with government departments.
  • They are corporate bodies with defined powers and functions and are financially independent.

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Key Concepts

A mixed economy has both privatelyThe private sector consists of businessThe public sector consists of organisationsThis is the oldest and mostA statutory corporation is a public

Frequently Asked Questions

What are the important topics in Private, Public and Global Enterprises for CBSE Class 11 Business Studies?
Key topics in Private, Public and Global Enterprises include Private Sector and Public Sector, Forms of Organising Public Sector Enterprises, Departmental Undertakings, Statutory Corporations. Study these first, then practise questions on each for Class 11 exams.
How should I revise Private, Public and Global Enterprises for Class 11 exams?
Learn the core ideas first, then work through the 120 practice questions on Private, Public and Global Enterprises. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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