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OCM- 5) Forms of Business Organisation- 2 Exam Questions & Answers 2023/2024

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OCM- 5) Forms of Business Organisation- 2 Exam Questions & Answers 2023/2024 Private organisations are owned by _______________ - ANSWER-Individual or group of individuals Public sector organisations are owned by ___________ - ANSWER-Government Private sector aims at ________________ - ANSWER-Profit maximization Public sector aims at providing ________________ to customers - ANSWER-Reliable services Full form of HPCL - ANSWER-Hindustan Petroleum Corporation Limited Full form of BPCL - ANSWER-Bharat Petroleum Corporation Limited The organisation which is owned, managed, controlled and financed by Government is known as __________________ - ANSWER-Departmental organisation ____________________ is the oldest form of business organisation - ANSWER-Departmental organisation __________________ is the head of Departmental Organisation - ANSWER-Minister-in-charge of ministry All department organisation act through officers of the government and all employees are called as ___________________ - ANSWER-Government employees

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