December 2009 - Paper 2

16:  

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 :

The Monopolistic and Restrictive Trade Practices Act, 1969, was enacted

  1. To ensure that the operation of the economic system does not result in the concentration of economic power in hands of few,
  2. To provide for the control of monopolies, and
  3. To prohibit monopolistic and restrictive trade practices.

The MRTP Act extends to the whole of India except Jammu and Kashmir.

Click on Discuss to view users comments.

Write your comments here:



17:  

Profits are maximised at a point where

A.

MR = MC

B.

MR < MC

C.

MR > MC

D.

AC > MC

 
 

Option: A

Explanation :

Click on Discuss to view users comments.

Write your comments here:



18:  

Which element is not necessary in each objective under MBO Approach?

A.

Time element

B.

Cost element

C.

Human Relation element

D.

Measurable element

 
 

Option: D

Explanation :

Click on Discuss to view users comments.

Write your comments here:



19:  

If NPV is positive, the IRR will be

A.

Positive

B.

K = R

C.

K < R

D.

None of the above

 
 

Option: A

Explanation :

Click on Discuss to view users comments.

Write your comments here:



20:  

Banking ombudsman may reject the complaint

A.

immediately after receipt.

B.

after hearing both parties.

C.

at any stage.

D.

none of the above

 
 

Option: C

Explanation :

Click on Discuss to view users comments.

Write your comments here: