Classical

Business Environment - Business Environment MCQ

21:  

‘The age of Discontinuity’ (1969) has been authored by

A.

John Drydon

B.

Cyril Debydeen

C.

Peter F. Drucker

D.

None of these

 
 

Option: C

Explanation :

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22:  

Laissez Faire policy is adopted in 

A.

Socialist Economic system

B.

Capitalist Economic system

C.

Mixed Economic System

D.

Communist Economic System

 
 

Option: B

Explanation :

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23:  

Which of the following is the vital question in the economic system?

A.

What to produce

B.

How to produce

C.

For whom to produce

D.

All of the above

 
 

Option: D

Explanation :

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24:  

Which of the following is not the objective of Competition act 2002?

A.

Prohibition of abuse of dominant position

B.

Prohibition of restrictive Trade practives

C.

Prohibition of anti-competitive Agreement

D.

Regulation of combinations

 
 

Option: B

Explanation :

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25:  

Which among these is not a restrictive trade practice?

A.

Tie Up sales

B.

Price Discrimination

C.

Manipulation of Price

D.

All are restrictive trade practices

 
 

Option: C

Explanation :

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Manisha said: (3:10am on Thursday 9th February 2017)
I think its ans. Is tie up sales
Vinil tej said: (9:33am on Friday 2nd June 2017)
Restrictive Trade Practice refers to any action by the producer that that results in manipulation of price or conditions of delivery of the goods or affects the flow of supplies in the market relating to goods or services in such a manner so as to impose on the consumers any unjustified costs.

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