What is the situation referred to as, amongst the following, when intra-region trade is duty free but there is variation in tariff structure for import from a third country?
A. Customs Union
B. Common Market
C. Free Trade Area
D. Economic Union
Select an option to see the answer and solution.
Which of the following have been recognised under the intellectual property eligible for creation of rights as per WTO mandate?
1. Computer software, music disc, performing art
2. Geographical indicator
3. Global positioning system
4. Journals, books, seeds, design, brand
A. 1, 2 and 3
B. 4, 3 and 1
C. 1, 2 and 4
D. 3, 1 and 2
Select an option to see the answer and solution.
Job rotation means:
A. Rearrangement of job content
B. Rotation of jobs between various sections
C. Changing people in the job
D. None of the above
Select an option to see the answer and solution.
As for join stock company, which one is not an advantage
A. By a successor
B. Limited liability of members
C. Formation of part of the capital share of a joint stock company
D. Freedom to carry on any business
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"The attainment of a common objective or objectives is evident from the friendly adjustment of specific organs to the organization as it is called". The above statement is of-
A. Davis
B. Urvik's
C. Sprigal
D. Haney
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Which of the following documents is considered to be a contract between the shipping company and the shipper:
A. Shipping bill
B. Bill of Lading
C. Charter party
D. Shipping order
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A public company can issue:
A. Ordinary, preference and deferred shares
B. Equity and preference shares
C. Ordinary and promoter's shares
D. Equity shares and bearer debentures
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Line and staff organization is most suitable for:
A. Small enterprises
B. Large size enterprises
C. Middle class undertaking
D. Cottage undertaking
Select an option to see the answer and solution.
When custom duty is levied according to the weight of the goods, it is called
A. Revenue duty
B. Excise duty
C. Specific duty
D. Ad valorem duty
Select an option to see the answer and solution.
The general pattern of behaviour, shared belief and values that members have in common is known as
A. Organisation climate
B. Organisation culture
C. Organisation effectiveness
D. Organisation matrix
Select an option to see the answer and solution.
Registration of Partnership is:
A. Compulsory under Partnership Act
B. Compulsory under companies Act
C. Optional
D. None of the above
Select an option to see the answer and solution.
Social responsibility is undertaken by a business organisation because-
A. it is a legal formality
B. it derives all its resources from the society
C. it satisfies top management
D. it gives more power to the organisation to influence the Government
Select an option to see the answer and solution.
The advantage of Committee organisation is:
A. Quick decision
B. Greater participation
C. Centralisation of authority
D. Divided responsibility
Select an option to see the answer and solution.
A company is an artificial person created by law having a separate entity with a perpetual succession and a common seal.' Who said, this statement?
A. Lord Lindley
B. Lord Keynes
C. Justice James
D. Haney
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In which year was the Consumer Protection Act enacted?
A. 1975
B. 1979
C. 1982
D. 1986
E. 1991
Select an option to see the answer and solution.
Unity of command is violated under:
A. Line organisation
B. Line and staff organisation
C. Functional organisation
D. None of the above
Select an option to see the answer and solution.
Which of the following is an extraction industry:
A. Animal Husbandry
B. Planting
C. Hunting
D. Iron and ore
Select an option to see the answer and solution.
Which one of the following is not the feature of sole proprietorship?
A. Sole ownership
B. Easy establishment
C. Easy dissolution
D. Limited liability
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Which of the following is a most democratic in nature
A. Line organisation
B. Line and Staff organisation
C. Functional organisation
D. Committee organisation
Select an option to see the answer and solution.
Full form of FIPB is Foreign Investment . . . . . . . . Board.
A. Packing
B. Public
C. Promotion
D. Private
Select an option to see the answer and solution.