Classical

Business Environment - Business Environment MCQ

1:  

By which act government checks restrictive trade?

A.

Industrial Policy Act 1991

B.

MRTP Act

C.

FEMA act

D.

None of these

 
 

Option: B

Explanation :


2:  

Which of the following does not fall within the jurisdiction of MRTP commission?

A.

 Prevention of Monopolistic Trade practices

B.

Prevention of Restrictive trade practices

C.

Prohibition of Unfair Trade Practices

D.

Regulation of Combinations

 
 

Option: D

Explanation :


3:  

Liberalization means

A.

 Reducing number of reserved industries from 17 to 8

B.

Liberating the industry, trade and economy from unwanted restrictions

C.

Opening up of economy to the world by attaining international competitiveness

D.

Free determination of interest rates

 
 

Option: B

Explanation :


4:  

When a company taken over another one and clearly becomes the new owner, the action is called

A.

Merger

B.

Acquisition

C.

Strategic Alliance

D.

None of the above

 
 

Option: B

Explanation :


5:  

Relaxing the restrictions and controls imposed on Business and industry means

A.

Liberalisation

B.

Privatisation

C.

Globalisation

D.

None of the above

 
 

Option: A

Explanation :




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  • This section contains

    • Business  Environment multiple Choice questions Answers

    • Business  Environment Objective type questions answers 

    • Business  Environment Quiz

  1. Business Environment questions answers can be used for the preparation of various undergraduate, postgraduate and entrance exams like ugc net, bcom, mcom and many other.
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  3. Business Environment Obective type Questions Answers can be used in preparation of ugc net commerce exams.
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