Classical

Business Environment - Business Environment Multiple Choice Questions

21:  

The abolition of Sick Industrial Companies Act (SICA) Bill was introduced in Lok Sabha in 

A.

August 2001

B.

November 2001

C.

January 2002

D.

April 2001

 
 

Option: C

Explanation :


22:  

The Foreign Exchange Management Act was adopted by the parliament in

A.

1996

B.

1997

C.

1998

D.

1999

 
 

Option: D

Explanation :


23:  

In the New Industrial Policy 1991, the government had clarified that it would permit 100% foreign equity in high priority industries, in case,

A.

Such industries would not use imported goods in the production process

B.

Produced goods should not be luxury goods

C.

Entire output was exported

D.

None of the above

 
 

Option: C

Explanation :


24:  

The Competition Bill 2001 was introduced to amend the

A.

MRTP Act 1961

B.

Company Regulation Act 1954

C.

Industrial Licensing Act 1951

D.

None of the above

 
 

Option: A

Explanation :


25:  

Under Liberalisation Policy for which industry automatic approval would be accorded to foreign equity participation upto fifty percent ?

A.

Mining

B.

Manufacturing

C.

Chemicals

D.

Mineral Oil

 
 

Option: A

Explanation :




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