The importer cannot take delivery of goods unless he produces the
A. Bill of sight
B. Bill of lading
C. Shipping bill
D. Mate's receipt
Select an option to see the answer and solution.
In case of a sole trading business, which of the following statements is correct:
A. Income tax is debited to Profit and Loss Account
B. While preparing Final Accounts, if goods are in- transit, but their invoice is received, proper entry should be made in books of account
C. While preparing Final Accounts, if goods are received, but their invoice is not received, no entry should be made in books of account
D. None of the above
Select an option to see the answer and solution.
Which one of the following is not the basic function of WTO?
A. To facilitate the implementation, administration and operation of trade agreements
B. To settle differences and disputes among its member countries
C. To facilitate the expansion and balanced growth of international trade
D. To carry out periodic reviews of the trade policies of its member countries
Select an option to see the answer and solution.
What are the drivers of globalization?
1. Population mobility especially of labour
2. Financial flows
3. Exporting
4. Assembly operations
Choose the correct answer from the following
A. 1 and 4
B. 2 and 4
C. 1 and 2
D. 3 and 4
Select an option to see the answer and solution.
Which of the following does NOT fall in the ambit of the objectives of Competition Act, 2002?
A. Encourage Competition
B. Prevent abuse of dominant position
C. Prevent monopolistic rights arising out intellectual property
D. Regulate mergers and acquisitions
Select an option to see the answer and solution.
The competition Act was enforced in the year
A. 2000
B. 2001
C. 2003
D. None of these
Select an option to see the answer and solution.
When should a partnership be dissolved?
A. On the misbehaviour of a partner
B. On the unsound mind of the partner
C. Incase of loss in business
D. On the absence of any partner
Select an option to see the answer and solution.
Separate entity is a distinctive feature of a:
A. Sole Trade
B. Partnership firm
C. Company
D. All of the above
Select an option to see the answer and solution.
The Foreign Investment Promotion Board (FIPB) revamps the rules and regulations pertaining to
A. Accounting of Foreign Investment
B. Investment by NRIs
C. Foreign investments
D. All of the above
Select an option to see the answer and solution.
Which of the following allows sanctioned foreign exchange to import goods?
A. Exchange bank
B. State bank
C. Exim bank
D. Reserve Bank of India
Select an option to see the answer and solution.
Which of the following statements is true about the public enterprises in India:
A. The capital of public enterprises is raised primarily from the non-resident Indians
B. The public enterprises are accountable only to the Government
C. The public enterprises are free from Parliamentary inquiry into their management
D. The public enterprises are accountable to the public through the Parliament
Select an option to see the answer and solution.
An association of 35 persons, not registered under the Companies Act, but carrying on business is:
or
An association of 46 members/persons not registered under the companies act but carrying on businesses will be called.
A. A Partnership
B. A Private Company
C. A Public Company
D. An Illegal Association
Select an option to see the answer and solution.
When at least 51% shares of a company are with Government, it is known as
A. Investment Company
B. Government Company
C. Public Company
D. Public Corporation
Select an option to see the answer and solution.
Which is not the objective of a cooperative society:
A. To eliminate middleman
B. To earn profit
C. To promote mutual interest
D. To render service to its members
Select an option to see the answer and solution.
Which is not the types of organization charts included:
A. Triangular chart
B. Vertical chart
C. Plane chart
D. Curvilinear chart
Select an option to see the answer and solution.
When Exports exceed Imports:
A. The Balance of Trade is favorable
B. The Balance of Trade is unfavorable
C. The Balance of payments is favorable
D. The Balance of payments is unfavorable
Select an option to see the answer and solution.
Which among the following institutions is NOT a part of World Bank group?
A. International Development Association (IDA)
B. International Monetary Found (IMF)
C. International Finance Corporation (IFC)
D. Multilateral Investment Guarantee Agency (MIGA)
Select an option to see the answer and solution.
Which of the following is not a "Maharatna" industry in India?
Select an option to see the answer and solution.
Liability of shareholders of a public limited company is limited to the extent of:
A. paid-up value of the shares
B. face-value of the shares
C. private assets of the shareholders
D. called up amount
Select an option to see the answer and solution.
Business means
A. Manufacture of goods
B. Insurance and Banking services
C. Buying and sellings of goods
D. Means of communication
Select an option to see the answer and solution.