Business Environment Quiz | Business Environment Objective Type Questions & Answers

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Questions
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

Answer: Externally
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23 Which among the following is not opened for private sector participation
A Power sector
B Telecommunication sector
C Education sector
D Railways

Answer: Railways
24 Which among these is not a method of privatization?
A Denationalization
B Franchising
C Sale of Business
D All of these

Answer: Sale of Business
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

Answer: 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

Answer: MRTP Act
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

Answer: Civil court
29 ________ is an economic system based on the principal of free enterprise.
A Capitalism
B Socialism
C Mixed Economy
D Marxism

Answer: Capitalism
30 Which among the following is not opened for private sector participation
A Power sector
B Telecommunication sector
C Education sector
D Railways

Answer: Railways

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