Which of the following is not covered by Intellectual Property Right?
A. Patents and design
B. Trademarks and copy rights
C. Labour industrial Relations
D. All are correct
Select an option to see the answer and solution.
What is the popular term used for that type of option in Foreign Exchange Market which provides the holder the right to purchase or sell foreign currency at the most favorable exchange rate realized over the life of the option?
A. Forward reversing option
B. Preference option
C. Look back option
D. Basket option
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Globalization enhances the international flow of
A. Labour
B. Capital
C. Technology
D. All are correct
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As per the Foreign Trade Policy 2015-2020, a three star export house should have:
A. Export performance (FOB/FOR) of US $ 100 million during current and previous two years
B. Export performance (FOB/FOR) of US $ 500 million during current and previous two years
C. Export performance (FOB/FOR) of US $ 1000 million during current and previous two years
D. Export performance (FOB/FOR) of US $ 2000 million during current and previous two years
Select an option to see the answer and solution.
A contract of partnership, in order to be valid:
A. can be expressed or implied
B. must be in writing
C. must be registered
D. must be signed by all partners
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A letter of credit means:
A. Letter sent by importer to exporter sanctioning credit deal
B. Letter sent by exporter to importer sanctioning credit deal
C. letter containing terms of credit purchase or sale
D. letter by which bank agrees to pay on due date
Select an option to see the answer and solution.
Match
List-I with
List-II and select the correct answer:
List-I (Type of organisation)
List-II (Important features)
a. Sole trader
1. Large number of risk takers
b. Partnership
2. Betterment off weaker sections
c. Co-operatives
3. Contractual relationship
d. Public Limited Company
4. Unlimited liability
A. a-1, b-2, c-3, d-4
B. a-4, b-3, c-2, d-1
C. a-4, b-2, c-3, d-1
D. a-1, b-3, c-2, d-4
Select an option to see the answer and solution.
Consider the following statements:
Assertion (A): Corporate planning deals with the futurity of present decisions in terms of setting goals, developing strategies to achieve them, translating strategies into detailed operational programmes and assuring that plans are carried out.
Reason (R): Corporate planning is essential in large organisations to develop a unified framework in planning and decision making.
Now select your answer
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 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.
The structure of an organisation in which there is separation of ownership and management is called
A. Sole proprietorship
B. Partnership
C. Company
D. Cooperative society
Select an option to see the answer and solution.
List out from the given statements the important ethical principles that a business should follow:
1. To take the necessary action for the development of the concerned industry or business.
2. Pay taxes and discharge other obligations promptly.
3. To ensure the best utilisation of the human resources.
4. Refrain from secret kickbacks or pay-offs to customers, suppliers, administrators, etc.
5. Ensure payment of fair wages and fair treatment of employees.
Choose the correct answer from the options given below:
A. 3, 4 and 5
B. 2, 3 and 5
C. 1, 2 and 3
D. 1, 3 and 5
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Which of the following is not a non-tariff barrier?
A. Voluntary export restraint
B. Health and product standards
C. Environment protection laws
D. Ad-valorem duties
Select an option to see the answer and solution.
Maximum Discipline is
A. Line and staff organization
B. Committee organization
C. Line organization
D. Functional organization
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In case of a private company:
A. There is restriction on the right to transfer shares
B. The number of members is restricted
C. Invitation to public for the subscription of shares is prohibited
D. All of the above
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According to Hindu Law, Hindu Undivided Families are governed by:
A. Mitakshara School
B. Dayabhaga School
C. Both Mitakshara and Dayabhaga
D. Linearly descended School
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The General Agreement of Tarriffs and Trade was replaced by
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An example of Genetic industry is:
A. Poultry Farm
B. Fishing
C. Agriculture
D. Ornaments
Select an option to see the answer and solution.
The first payment is made on the winding up of the company
A. remuneration of the liquidator
B. legal expenses
C. preference creditors
D. Expenses of winding up
Select an option to see the answer and solution.
Entrepot trade means:
A. import trade
B. export trade
C. foreign trade
D. goods imported for re-export
Select an option to see the answer and solution.
Under which method of filling letters are kept standing:
A. Vertical
B. Horizontal
C. Box
D. Pigeon-Hole
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Right to vote for members in a co-operative organization is
A. The number of shares purchased by them
B. The ratio of the capital employed by them
C. Equal voting right
D. In proportion to the total amount supplied
Select an option to see the answer and solution.