Description : Which of the following does not fall within the jurisdiction of MRTP commission? A. Prevention of Monopolistic Trade practices B. Prevention of Restrictive trade practices C. Prohibition of Unfair Trade Practices D. Regulation of Combinations
Last Answer : D. Regulation of Combinations
Description : MRTP Act is 1. Monopolies and Restrictive Trade Practices Act 2. Motor Regulations and Transport Providers Act 3. Municipal Roads and Transport Policy Act 4. Merchant Regulations and Traders Principles Act 5. None of these
Last Answer : Monopolies and Restrictive Trade Practices Act
Description : The MRTP Act of 1969 was abolished in A. 1991 B. 2002 C. 2006 D. None of the above
Last Answer : B. 2002
Description : What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991? A. VRS to shed the excess load of workers B. Disinvestment of public sector share holding C. Referring sick units to BIFR D. All of the above
Last Answer : D. All of the above
Description : Which is true for existing Economic and Industrial policies of Indian Government ? (i) FERA was abolished (ii) MRTP was abolished (iii) Cash compensatory support for export was abolished (iv) Industrial Licensing (except a few ... (iii) and (iv) C. Only (iii) and (iv) D. Only (ii) and (iii)
Last Answer : C. Only (iii) and (iv)
Description : Arrange the following Acts in the order in which they came into force. (i) The Monopolies Restrictive Trade Practices Act (ii) Indian Contract Act (iii) The Sale of Goods Act (iv) The Foreign Exchange Management Act A. (il), (iii), (i ... (ii) C. (i), (ii), (iii), (iv) D. (iv), (iii), (ii), (i)
Last Answer : B. (iii), (i), (iv) and (ii)
Description : Which of the following is not the objective of Competition act 2002? A. Prohibition of abuse of dominant position B. Prohibition of restrictive Trade practives C. Prohibition of anti-competitive Agreement D. Regulation of combinations
Last Answer : B. Prohibition of restrictive Trade practives
Description : Assertion (A). Industrial policy 1991 initiated liberalisation of Indian economy. Reason (R). Industrial growth was very slow before 1991. A. Both (A) and (R) are true and (R) is the correct explanation of (A). B. Both (A) ... A). C. (A) is true but (R) is false. D. (A) is false but (R) is true.
Last Answer : A. Both (A) and (R) are true and (R) is the correct explanation of (A). B. Both
Description : Under which one of the following is the term ‘Dominant Undertaking’ defined ? (A) MRTP Act (B) FEMA (C) Companies Act (D) SEBI
Last Answer : Answer: Companies Act
Description : For the purpose of inquiry under the MRTP Act, the commission has the power equivalent to A. Civil court B. consumer court C. High court D. None of these
Last Answer : A. Civil court
Description : Which among these is not a restrictive trade practice? A. Tie Up sales B. Price Discrimination C. Manipulation of Price D. All are restrictive trade practice
Last Answer : C. Manipulation of Price
Description : FEMA signifies A. Free Export management act B. Foreign Exchange management act C. Foreign Exchange monitoring act D. Free Export marketing act
Last Answer : B. Foreign Exchange management act
Description : FERA has been replaced by (a) FINA ; (b) FEMA ; (c) FENA ; (d) MRTP
Last Answer : (b) FEMA ;
Description : Which act gave the Government enormous control over the management? A. Company's act B. Industrial act C. M.R.T.P. Act D. Both (A) and (B)
Last Answer : D. Both (A) and (B)
Description : With the Industrial Policy Resolution of 1956, the future development of key industries became the exclusive responsibility of the State. A. 18 B. 17 C. 16 D. 15
Last Answer : B. 17
Description : The concept of small scale industries (SSIs) was brought to the fore by the A. Industrial Policy Resolution 1948 B. Industrial Policy Resolution 1956 C. Industrial Policy Statement 1977 D. None of the above
Last Answer : C. Industrial Policy Statement 1977
Description : As per Industrial Policy resolution 1956, reserved industries for public sector are A. 12 B. 14 C. 16 D. 17
Last Answer : D. 17
Description : Industrial policy resolution 1956 divided industries into ----------- categories A. 2 B. 3 C. 4 D. 5
Last Answer : B. 3
Description : Industrial policy resolution of 1948 was divided industries into A. 3 categories B. 4 categories C. 5 categories D. 6 categories
Last Answer : B. 4 categories
Description : First industrial policy resolution was issued in A. 1947 B. 1948 C. 1951 D. 1954
Last Answer : B. 1948
Description : The Industrial policy resolution was passed first in A. 1931 B. 1947 C. 1956 D. 1999
Last Answer : C. 1956
Description : When did arch rivals IBM and Apple Computers Inc. decide to join hands? a. 1978 b. 1984 c. 1990 d. 1991
Last Answer : d. 1991
Description : In India, Liberalisation & Privatisation began from A. 1991 B. 1971 C. 1981 D. 1947
Last Answer : A. 1991
Description : Industrial (Development & Regulation) Act was passed by parliament in A. 1947 B. 1949 C. 1951 D. 1956
Last Answer : C. 1951
Description : Match the following components of Business Environment. (a) Economic Environment (i) Exim Policy (b) Social Environment (ii) Customs (c) Political Environment (iii) Social values (d) Legal Environment (iv) Business Law and Banking Act (a) ... (ii) (iv) (a) (b) (c) (d) D. (i) (ii) (iv) (iii)
Last Answer : (i) (ii) (iii) (iv) (a) (b) (c) (d)
Description : Which law emphasised the importance of continuous development and expansion of export oriented production? A. Export policy resolution 1970 B. M.R.T.P. C. I.R.D.A. D. Company Act
Last Answer : A. Export policy resolution 1970
Description : Central Government investment in industrial enterprises increased substantially in A. three decades B. two decades C. four decades D. one decade
Last Answer : C. four decades
Description : Company images and brand equity is factor affecting business A. Externally B. Internally C. Government Policy D. None of these
Last Answer : A. Externally
Description : A monopolistic trade practice is deemed to be prejudicial to public interest except when A. Authorized by Central Government B. Authorized by State Government C. Authorized by Supreme Court D. None of the above
Last Answer : B. Authorized by State Government
Description : MRTP act was set up in the year _______. A. 1950. B. 1951. C. 1952. D. 1953.
Last Answer : A. 1950.
Description : Define the term liberalization. Explain the reasons why the Indian Government started the policy of liberalization in 1991. -SST 10th
Last Answer : 1. Liberalization refers to the removal of barriers or restrictions (in relation to foreign trade and foreign investment) set up by the government. These barriers can be in various forms such ... -quality product since they would have an incentive to work towards their betterment in the market.
Description : Government policy on disinvestment was introduced in India since a. 1995 b. 1991 c. 1980 d. 1972
Last Answer : b. 1991
Description : What is the first factor of Industrial Development? A. Design B. surplus of technical skill C. Planning D. Motivation
Last Answer : C. Planning
Description : What are the weaknesses of earlier approach to industrial development? A. it was not efficiently implemented B. it did not have the wider support of adequate agricultural development C. it was not fully planned D. all of the above
Last Answer : D. all of the above
Description : What is the full form of IRDA? A. Industrial Regulation & Development Authority B. Insurance Regulatory & Development Authority C. Indian Regulation Development Authority D. none of these
Last Answer : B. Insurance Regulatory & Development Authority
Description : In initial years of planning, industrial development was largely based on A. export substitution B. import substitution C. transportation D. none of these
Last Answer : A. export substitution
Description : The policy of anticipate no profit and provide for all possible losses arise due to the concept of _____ a) Consistency b) Disclosure c) Conservatism d) Matching
Last Answer : c) Conservatism
Description : Dividend Policy must be A. Flexible B. Flexible and Fixed both C. Fixed D. All of the above
Last Answer : A. Flexible
Description : Dividend policy of a company mainly concern with (i) dividend payout and (ii) Stability of dividend A. Only (i) is correct B. Only (ii) is correct C. Both (i) and (ii) are correct. D. Both (i) and (ii) are incorrect.
Last Answer : C. Both (i) and (ii) are correct.
Description : What are the important external factors that constitute the economic environment of Business ? A. economic condition B. economic policy C. economic system D. all of the above
Description : Which among the following is not the instrument of monetary policy A. Deficit financing B. Statutory liquidity Ratio C. Cash reserve ratio D. Open market operation
Last Answer : A. Deficit financing
Description : Which one is not the main objective of Fiscal Policy in India? A. To increase liquidity in economy B. To promote price stability C. To minimize the inequalities of income and wealth D. To promote employment opportunities
Last Answer : A. To increase liquidity in economy
Description : Laissez Faire policy is adopted in A. Socialist Economic system B. Capitalist Economic system C. Mixed Economic System D. Communist Economic System
Last Answer : B. Capitalist Economic system
Description : Complaint means allegation in writing made by a complainant that a) An unfair trade practice or restrictive trade practice has been adapted by any traders or service provider b) The goods bought by him ... the services mentioned in the complaint a price in excess of the price d) All the above
Last Answer : d) All the above
Description : Which of the following exceptions in the WTO rules does not permit a country to use a tariff or quota that is more restrictive than its bound tariff? A. Anti-dumping B. Countervailing duties C. Safeguards D. Balance of payments protection E. Preferential trade agreements
Last Answer : E. Preferential trade agreements
Description : When a glove manufacturer is allowed to sell only a certain number of plastic gloves in a particular country, the firm is facing A)a tariff. B)an embargo. C)a restrictive product standard. D)a quota. E)a balance of trade restriction.
Last Answer : D)a quota.
Description : A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him? a) Going concern b) Cost c) Accrual
Last Answer : c) Accrual
Description : Statement (A). The GATT applied only to trade in merchandise goods. Reasons (R). The wro covers trade in goods, services and trade in ideas or intellectual properties. A. Both (A) and (R) are true and (R) is the correct ... A). C. (A) is true but (R) is false. D. (A) is false but (R) is true
Last Answer : . A. Both (A) and (R) are true and (R) is the correct explanation of
Description : Which combination of the following factors has driven globalisation in the recent past? (i) Growth of multinational corporations (ii) Internationalisation of finance (iii) Increased international trade A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. (i),(ii) and (iii)
Last Answer : C. (ii) and (iii)
Description : What do you mean by DGTD ? A. Director General of Trade Development B. Director General of Total Development C. Director General of Technical Development D. None of these
Last Answer : C. Director General of Technical Development