Question:
Explain the merits and demerits of public-private partnership.
Answer:
Public private partnership also called PPP or p3 is a contract between government and private business firms for the provision of public assets and/or public services.
Merits
- Inflow of private investment: PPP attracts private investment which is of utmost importance to undertake such essential projects.
- Increased efficiency: Involvement of private sector will bring efficiency in implementation of projects and cut down cost and time.
- Innovation: It helps in bringing innovative design and constructive practices.
- Better economic viability: Involvement of experienced and creditworthy sponsors and commercial lenders can increase economic viability of the projects.
- Risk sharing: The structuring of a PPP project allocates the risks to the agency which can handle it most suitably.
Demerits
- Increased cost: Cost of production increases for the government as private sector also demands its profit share for the money it invests.
- Control gets divided: Control gets divided between private and public sector. Government remains involved in all stages and private sector, is responsible for more commercial functions like project design, construction, finance and operations.
Private, Public and Global Enterprises
Q 1.
Multinational Companies have done more harm than good. Explain.
Q 2.
Discuss the merits and demerits of Departmental Undertaking.
Q 3.
State the various types of organizations in the private sector.
Q 4.
Explain three trends indicating changing role of public sector.
Q 5.
Why is the government company form of organization preferred to other types in the public sector?
Q 6.
Can the public sector companies compete with the private sector in terms of profits and efficiency? Give reasons for your answer.
Q 7.
"MNC's are in a position to exercise massive control on an economy."Substantiate.
Q 8.
Explain the main features of Multinational Company.
Q 9.
Explain the merits and demerits of public-private partnership.
Q 10.
Give the meaning of Government Company. Explain three merits and three limitations of Government Company.
Q 11.
"Public sector has changed its role since 1991 a great deal". Do you agree? Justify your answer.
Q 12.
What was the role of the public sector before 1991?
Q 13.
What are the benefits of entering into joint ventures?
Q 14.
What is Statutory Corporation? Explain its features, merits and demerits.
Q 15.
Explain the concept of Public Sector and Private Sector.
Q 16.
Why are global enterprises considered superior to other business organizations?
Q 17.
Describe the Industrial Policy 1991, towards the public sector.
Q 18.
"Global enterprises are giant both in size and operations."Substantiate this statement.
Q 19.
Define Joint Venture and explain its major benefits.
Q 20.
How does the government maintain a regional balance in the country?
Q 21.
What are the different kinds of organizations that come under the public sector?
Q 22.
"The basic rationale of public sector has changed significantly."In the light of this statement explain any four initiatives taken by the government.
Q 23.
List the names of some enterprises under the public sector and classify them.
Q 24.
What is the difference between Public and Private sector?
Q 25.
Differentiate between Statutory Corporation, Departmental Undertaking and Government Company.
