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 :

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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 :

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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 :

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saurabh said: (10:04am on Tuesday 15th December 2015)
i think the option is B,option C is in case of globalisation
kumar t said: (12:26pm on Tuesday 14th June 2016)
i think option c means globalisation

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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

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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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Raghavendra K said: (11:17pm on Sunday 22nd February 2015)
May i know the reason for Ans Privatisation..?Because i'm thinking it's Liberalisation Right..?
upasana said: (3:21am on Friday 19th June 2015)
it should be liberalization.
Ekta said: (9:18am on Tuesday 19th January 2016)
I am not satisfy with "privatisation"I think "Liberalisation" is the correct answer.
sirjana said: (4:07am on Wednesday 1st June 2016)
i think its liberlization? may i know the reeason why it is privatisation?
Selvi said: (1:18am on Monday 6th June 2016)
ans should be liberalisation and not privatisation.

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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.
  2. Business Environment Multiple Choice Questions Answers  for the preparation of quizzes by any commerce student.
  3. Business Environment Obective type Questions Answers can be used in preparation of ugc net commerce exams.
  4. Business Environment Material can be used to gain a credit score in various undergraduate and post graduate commerce courses like B com and Mcom
  5. This section can be used by any student of XI or XII standard who has opted to study commerce to increase his knowledge in Business  Environment.