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Public Sector Undertakings and Global Enterprises — Syllabus

ICSE · Class 11 · Commerce

What Public Sector Undertakings and Global Enterprises covers in ICSE Class 11 Commerce: 4 topics, for the 2026-27 session.

45 questions42 flashcards5 concepts

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4 Topics · ICSE Class 11 Commerce · 2026-27

Topics in Public Sector Undertakings and Global Enterprises

1

1. Meaning, Definitions, and Characteristics of Public Enterprises

  • Public enterprises are owned, managed, and controlled by the government on behalf of the public.
  • Public Sector Enterprises came into existence under the Industrial Policy Resolution of 1956.
  • Jawaharlal Nehru described PSEs as new temples of India occupying commanding heights of the national economy.
2

2. Definitions by Important Authors

  • S.S. Khera defined public undertaking as industrial, commercial, and economic activities carried on by the Central or State Government, either solely or with private enterprise, under self-contained m
  • Encyclopaedia Britannica defined public enterprise as an undertaking owned by a National, State, or Local Government, supplying goods or services at a price and operating on a self-supporting basis.
  • A.H. Henson defined public enterprise as state ownership and operation of industrial, agricultural, financial, and commercial undertakings.
3

3. Growth of Public Sector Enterprises in India

  • PSEs came into existence under the Industrial Policy Resolution of 1956.
  • The aim was to make them important instruments of economic and social development.
  • Nehru called them new temples of India occupying commanding heights of the national economy.
4

4. Forms of Public or State Enterprises

  • There are three forms of organisation of public enterprises: departmental organisations, statutory or public corporations, and government companies.
  • Departmental organisations are run as a part of a government department under a ministry.
  • Statutory or public corporations are created by a special Act of Parliament or State Legislature.

Key Concepts

Central concept: Public sector undertakings and global enterprises are major forms of business organisation that show how governments and large companies participate in economic activity, public service, partnership, and international operations.

Public Sector EnterprisesPrivate Sector EnterprisesGrowth of PSEs in IndiaForms of Public or State EnterprisesDepartmental OrganisationStatutory or Public CorporationGovernment CompanyPublic Private Partnership

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Frequently Asked Questions

What are the important topics in Public Sector Undertakings and Global Enterprises for ICSE Class 11 Commerce?
Key topics in Public Sector Undertakings and Global Enterprises include Meaning, Definitions, and Characteristics of Public Enterprises, Definitions by Important Authors, Growth of Public Sector Enterprises in India, Forms of Public or State Enterprises. Study these first, then practise questions on each for Class 11 exams.
How should I revise Public Sector Undertakings and Global Enterprises for Class 11 exams?
Learn the core ideas first, then work through the 45 practice questions on Public Sector Undertakings 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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