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Free download in PDF Business Environment objective questions and answers for competitive exams. These Business Environment Objective Questions with Answers are important for competitive exams like UPSC, SSC, Railway, UGC NET, GATE, IBPS Specialist Recruitment Test etc.
(21)
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
Answer: Regulation of Combinations
(22)
Company images and brand equity is factor affecting business
[A]
Externally
[B]
Internally
[C]
Government Policy
[D]
None of these
(23)
Which among the following is not opened for private sector participation
[A]
Power sector
[B]
Telecommunication sector
[C]
Education sector
[D]
Railways
(24)
Which among these is not a method of privatization?
[A]
Denationalization
[B]
Franchising
[C]
Sale of Business
[D]
All of these
(25)
A monopolistic trade practice is deemed to be prejudicial to public interest except when
[A]
Authorized by Central Government
[B]
Authorized by State Government
[C]
Authorized by Supreme Court
[D]
None of the above
Answer: Authorized by Central Government
(26)
What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991?
[A]
VRS to shed the excess load of workers
[B]
Disinvestment of public sector share holding
[C]
Referring sick units to BIFR
[D]
All of the above
(27)
By which act government checks restrictive trade?
[A]
Industrial Policy Act 1991
[B]
MRTP Act
[C]
FEMA act
[D]
None of these
(28)
For the purpose of inquiry under the MRTP Act, the commission has the power equivalent to
[A]
Civil court
[B]
Consumer court
[C]
High court
[D]
None of these
(29)
________ is an economic system based on the principal of free enterprise.
[A]
Capitalism
[B]
Socialism
[C]
Mixed Economy
[D]
Marxism
(30)
Which among the following is not opened for private sector participation
[A]
Power sector
[B]
Telecommunication sector
[C]
Education sector
[D]
Railways
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