A Government Business Enterprise is a business that is government owned and operated. GBEs seek to run profitably by controlling costs and selling their goods and services at a price to cover costs.

BUSINESS MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	True
B	False
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -A State Owned Enterprise (SOE) is a body formed by the government through legal means so that it can take part in activities of a commercial nature. Essentially, SOEs are created to undertake commercial activities on behalf of the government.

Detailed explanation-2: -A Government Business Enterprises (GBE) is a Commonwealth entity or Commonwealth company that is prescribed by the rules (s8 of the PGPA Act).

Detailed explanation-3: -These are many government companies, few of them are, Steel Authority of India Limited, Bharat Heavy Electricals Limited, Coal India Limited, State Trading Corporation of India, etc.

Detailed explanation-4: -Joint Sector Enterprises is an industry and business which is owned, controlled, and managed jointly by private entrepreneurs and the government.

There is 1 question to complete.

GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT