In which of the following years, the Bretton Woods Agreement was signed by the delegates from 44 nations which led to the establishment of the IMF?
Select an option to see the answer and solution.
An Informal Organization are
A. created by top management
B. elastic/flexible
C. displayed in the organizational chart
D. Harmful in the achievement of goal of the organization
Select an option to see the answer and solution.
Which is not a characteristic of a private company?
A. The liability of the member is unlimited
B. Independent legal entity
C. No need to file return sheet with the registrar
D. Shares are not transferred voluntarily
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The first industrial policy of independent India was announced in . . . . . . . .
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As per section 44 of the Competition Law, what is the penalty for making false statements or omission to furnish material information by any party?
A. Minimum penalty of Rs. 50 lakhs and Maximum up to Rs. 1 crore
B. Minimum penalty of Rs. 25 lakhs and Maximum up to Rs. 1 crore
C. Minimum penalty of Rs. 10 lakhs and Maximum up to Rs. 50 lakhs
D. Minimum penalty of Rs. 5 lakhs and Maximum up to Rs. 50 lakhs
E. Minimum penalty of Rs. 5 lakhs and Maximum up to Rs. 25 lakhs
Select an option to see the answer and solution.
Which one is not the objective of Public Sector in India:
A. To remove regional imbalances
B. To give greater economic power to the state
C. To provide a base for industrialisation
D. To provide public service
Select an option to see the answer and solution.
Which of the following is the advantage of sole proprietorship?
A. Ease in formation
B. Flexibility in operations
C. Minimum regulations
D. All of the above
Select an option to see the answer and solution.
The enterprise which is financed by annual appropriation from the Treasury and its estimates of expenditure and revenue are shown in the national budget is called:
A. Public corporation
B. Government company
C. Departmental undertakings
D. Mixed ownership corporation
Select an option to see the answer and solution.
The organization in which of Authority runs in straight line is called:
A. Military Organization
B. Committee Organization
C. Function Organization
D. Lateral Organization
Select an option to see the answer and solution.
The Business Organization is
A. Art
B. Science
C. Both Art and Science
D. None of these
Select an option to see the answer and solution.
The liability of a sole proprietor is limited to the extent of:
A. His capital invested in the business
B. The value of his business assets
C. The value of his business assets and his all private assets
D. None of these
Select an option to see the answer and solution.
The members of a private company:
A. have a right to transfer their shares freely to any one
B. cannot transfer their shares at all
C. are entitled to transfer their shares within the restrictions imposed by Articles
D. can transfer their shares by obtaining prior permission of the Company Law Board
Select an option to see the answer and solution.
The social responsibility of business is-
A. to the customers
B. to the government
C. to the shareholders
D. to all of them
Select an option to see the answer and solution.
Balance of trade is related to:
A. Export trade
B. Import trade
C. Internal trade
D. Both A and B
Select an option to see the answer and solution.
The first Director of a Company is appointed by:
A. Promoters
B. Registrar of Companies
C. Shareholders
D. None of these
Select an option to see the answer and solution.
'Letter of Credit' is opened in case of:
A. Foreign Trade
B. Internal Trade
C. Both A and B above
D. Obtaining loan from a financial institution
Select an option to see the answer and solution.
Which of the following is not regulated by The Competition Act, 2002?
A. Abuse of dominant position
B. Anti-competitive agreements
C. Medical negligence
D. Predatory pricing
Select an option to see the answer and solution.
According to Talcott Parson, organizations can be classified primarily into four categories, based on functions. Which of the following is not an organization in Parson's scheme?
A. Political organisations
B. Integrative organisations
C. Pattern maintenance organisations
D. Commercial organisations
Select an option to see the answer and solution.
If a minor partner on attaining majority chooses to continue as a partner of the firm, he shall be liable to the category of the firm, in this
A. From the date of attainment of majority
B. From the date of receipt of profit of the firm
C. From the date on which he chooses to becomes a partner
D. From the date of option being exercised by the guardian
Select an option to see the answer and solution.
Which of the following statements is not correct:
A. A private company is not required to prepare a statutory report
B. Sharing of profit is a prima facie but not conclusive evidence of partnership
C. Maximum number of members in a private company can be 50
D. Minimum number of members in private company is 7
Select an option to see the answer and solution.