If a partnership firm is not registered, it cannot:
A. carry on business
B. earn profit
C. claim against third party
D. assume firm's name
Select an option to see the answer and solution.
Foreign bank draft is used
A. Domestic trade
B. Local trade
C. Foreign trade
D. All of the above
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Section 2 (62) of the Companies Act, 2013 is related to
A. Objects clause
B. 'One person' Company
C. Name clause
D. Capital clause
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Who among the following has given Absolute Advantage Model of international trade?
A. Adam Smith
B. David Recardo
C. Hackscher Ohlin
D. William Petty
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Given below are two statements. One is labelled Assertion (A) and the other is labelled as Reason (R) .
Assertion (A): Self help by mutual help is feature of cooperation.
Reason (R): The ultimate aim of cooperation is the production of fine human being and not the production of rich goods.
In the light of the above statement s choose the correct answer from the option given below
A. Both A and R are true and R is the correct explanation of A
B. Both A and R are true but R is not correct explanation of A
C. A is true but R is false
D. A is false but R is true
Select an option to see the answer and solution.
Which form of business organization is best from the point of view of secrecy.
A. Sole proprietorship business
B. Company
C. Partnership
D. Cooperative society
Select an option to see the answer and solution.
The most suitable form of business organization for the weaker section is
A. Partnership firm
B. Cooperative society
C. Sole proprietorship
D. Joint capital company
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The ideology which is inappropriate for the higher position of the organization. These are-
A. Traditional ideology
B. Modern ideology
C. Neo-traditional ideology
D. None of these
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A Government company is a company:
A. Where a minimum of 51% of the paid up capital is owned by the government
B. Where a minimum of 50% of the authorised capital is owned by the government
C. Where a minimum of 50% of the issued capital is owned by the government
D. Where 100% paid up capital is owned by the government
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'Decision Tree' in a business unit:
A. Improves organisational effectiveness
B. Reduces the workload of employees
C. Enhances worker's participation in management
D. None of the above
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If a network of interpersonal relationship that arise when people associate with each other is an informal organization, then find out which of the following is not an informal organization?
A. The "machine shop" group
B. Customer's group
C. The "sixth floor" group
D. The "Friday evening bowling" gang
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'Pisciculture' should be classified as:
A. Extractive industry
B. Genetic industry
C. Manufacturing industry
D. Construction industry
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Which of the following statements regarding National Commission is NOT true as per the Consumer Protection Act?
A. National Commission has been set up by the Central Government
B. The chairman of the commission must be a sitting or retired judge of the Supreme Court
C. The commission consists of 8 members out of which minimum 2 members are women
D. It hears the appeals or complaints where the value/compensation exceeds Rs. 1 crore
E. It hears the appeals made against the decisions of the State Commission
Select an option to see the answer and solution.
Consider the following Statement (A) and Reason (R)
Statement (A): Foreign trade strengthen the economic base of any country.
Reason (R): Foreign trade is basically done to make BOP favourable : Balance of and for the items which are not available, for delivery in the country.
Now select the correct answer from the given cut outs.
A. Both (A) and (R) are true and (R) is the correct explanation of (A)
B. Both (A) and (R) are true and (R) is not the correct explanation of (A)
C. (A) is true, but (R) is false
D. (A) is false, but (R) is true
Select an option to see the answer and solution.
Limited partnership organisation is-
A. quite common in India
B. not common in India
C. not provided by statute in India
D. provided in the Company's Act, 1956
Select an option to see the answer and solution.
A business where only male members can become partners is:
A. Limited partnership business
B. Joint Hindu family business
C. Co-operative form of business
D. Export & import form of business
E. Limited liability partnership business
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In a partnership firm the scope of audit and duties of auditor are determined by:
A. Partnership Act
B. Partnership Deed
C. Agreement between partnership firm and auditor
D. None of the above
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Which of the following are included in the international liquidity? Indicate the correct option.
(i) Foreign exchange reserve
(ii) Borrowing capacity of the various countries
(iii) Gold reserves
Choose the correct answer:
A. (i) and (ii)
B. (i) and (iii)
C. (ii) and (iii)
D. (i), (ii) and (iii)
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Bretton Woods Conference resulted into the establishment of which of the following?
A. IMF and IDA
B. IBRD and IFC
C. IDA and ADB
D. IMF and IBRD
Select an option to see the answer and solution.
A statutory corporation can be formed by:
A. Special Act of Parliament
B. Registered agreement
C. Registration under Societies Registration Act
D. All of these
Select an option to see the answer and solution.