Download Calicut University M.Com Latest 2020 Business Environment

1. By which act government checks restrictive trade?

1. Industrial Policy Act 1991
2. MRTP Act

--- Content provided by FirstRanker.com ---

3. FEMA act
4. None of these

2. Which of the following does not fall within the jurisdiction of MRTP commission?

1. Prevention of Monopolistic Trade practices
2. Prevention of Restrictive trade practices

--- Content provided by FirstRanker.com ---

3. Prohibition of Unfair Trade Practices
4. Regulation of Combinations

3. Liberalization means

1. Reducing number of reserved industries from 17 to 8
2. Liberating the industry, trade and economy from unwanted restrictions

--- Content provided by FirstRanker.com ---

3. Opening up of economy to the world by attaining international competitiveness
4. Free determination of interest rates

4. When a company taken over another one and clearly becomes the new owner, the action is called

1. Merger
2. Acquisition

--- Content provided by FirstRanker.com ---

3. Strategic Alliance
4. None of the above

5. Relaxing the restrictions and controls imposed on Business and industry means

1. Liberalisation
2. Privatisation

--- Content provided by FirstRanker.com ---

3. Globalisation
4. None of the above

6. Company images and brand equity is factor affecting business

1. Externally
2. Internally

--- Content provided by FirstRanker.com ---

3. Government Policy
4. None of these

7. Which among the following is not opened for private sector participation

1. Power sector
2. Telecommunication sector

--- Content provided by FirstRanker.com ---

3. Education sector
4. Railways

8. ________ is an economic system based on the principal of free enterprise.

1. Capitalism
2. Socialism

--- Content provided by FirstRanker.com ---

3. Mixed Economy
4. Marxism

9. What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991?

1. VRS to shed the excess load of workers
2. Disinvestment of public sector share holding

--- Content provided by FirstRanker.com ---

3. Referring sick units to BIFR
4. All of the above

10. A monopolistic trade practice is deemed to be prejudicial to public interest except When

1. Authorized by Central Government
2. Authorized by State Government

--- Content provided by FirstRanker.com ---

3. Authorized by Supreme Court
4. None of the above

11. Which among these is not a method of privatisation?

1. Denationalisation
2. Franchising

--- Content provided by FirstRanker.com ---

3. Sale of Business

12. The pre-liberalisation era of Indian Economy was under the grip of

1. Unemployment
2. Under-employment
3. Fiscal Deficit

--- Content provided by FirstRanker.com ---

4. Unfavorable and alarming balance of payment

13. Which among these can be condition for the success of privatisation?

1. Alternative institutional arrangements
2. Barriers to enter the market
3. Measurability of performance

--- Content provided by FirstRanker.com ---

4. All of the above

14. Privatisation of ownership through sale of equity share is called

1. Denationalisation
2. Disinvestment
3. Contracting

--- Content provided by FirstRanker.com ---

4. None of these

15. Which among these is monopolistic trade practice?

1. Unreasonably limiting competition
2. Manufacturing only one product
3. Limiting technical Development

--- Content provided by FirstRanker.com ---

4. Selling only one product

16. The Industrial policy resolution was passed first in

1. 1931
2. 1947
3. 1956

--- Content provided by FirstRanker.com ---

4. 1999

17. Planning is a ________ process

1. Goal Oriented
2. Flexible
3. Time bound

--- Content provided by FirstRanker.com ---

18. which among these is not a global force impacting the Indian Economy

1. Dynamics of capital flow
2. Integrating the role of Purchasing
3. Integrating the role of Technology
4. Need of Attitudinal Change

--- Content provided by FirstRanker.com ---

19. Globalisation is the term used to describe process of removal of restriction on

1. Foreign Trade
2. Investment
3. Both (A) and (B)
4. None of the above

--- Content provided by FirstRanker.com ---

20. For the purpose of inquiry under the MRTP Act, the commission has the power equivalent to

1. Civil court
2. consumer court
3. High court
4. None of these

--- Content provided by FirstRanker.com ---

21. 'The age of Discontinuity' (1969) has been authored by

1. John Drydon
2. Cyril Debydeen
3. Peter F. Drucker
4. None of these

--- Content provided by FirstRanker.com ---

22. Laissez Faire policy is adopted in

1. Socialist Economic system
2. Capitalist Economic system
3. Mixed Economic System
4. Communist Economic System

--- Content provided by FirstRanker.com ---

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

1. What to produce
2. How to produce
3. For whom to produce

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

--- Content provided by FirstRanker.com ---

1. Prohibition of abuse of dominant position
2. Prohibition of restrictive Trade practives
3. Prohibition of anti-competitive Agreement
4. Regulation of combinations

25. Which among these is not a restrictive trade practice?

--- Content provided by FirstRanker.com ---

1. Tie Up sales
2. Price Discrimination
3. Manipulation of Price
4. All are restrictive trade practices

26. In India, Liberalisation & Privatisation began from

--- Content provided by FirstRanker.com ---

1. 1991
2. 1971
3. 1981
4. 1947

27. Which one is not the main objective of Fiscal Policy in India?

--- Content provided by FirstRanker.com ---

1. To increase liquidity in economy
2. To promote price stability
3. To minimize the inequalities of income and wealth
4. To promote employment opportunities

28. FEMA signifies

--- Content provided by FirstRanker.com ---

1. Free Export management act
2. Foreign Exchange management act
3. Foreign Exchange monitoring act
4. Free Export marketing act

29. Which among these is not an objective of planning?

--- Content provided by FirstRanker.com ---

1. Economic growth
2. Setting of heavy industries
3. Modernisation

30. Which among the following is not the instrument of monetary policy

1. Deficit financing

--- Content provided by FirstRanker.com ---

2. Statutory liquidity Ratio
3. Cash reserve ratio
4. Open market operation

31. Globalisation means

1. Setting of firms branches in other countries

--- Content provided by FirstRanker.com ---

2. Adopting a global outlook
3. Earning profit from Exports
4. Attracting foreign investment

32. Which one is not an element of internal environment?

1. Marketing capabilities

--- Content provided by FirstRanker.com ---

2. Operational Capabilities
3. Money and capital market
4. Personal Capabilities

33. A possible obstacle to growth of privatisation is

1. Profit earned by public enterprises

--- Content provided by FirstRanker.com ---

2. Sale of least profitable enterprises
3. Licensing
4. All of these

34. Pollution monitoring and control is done by

1. Central board of prevention and control of water Pollution

--- Content provided by FirstRanker.com ---

2. Central board of pollution control
3. Central government
4. None of the above

35. First industrial policy resolution was issued in

1. 1947

--- Content provided by FirstRanker.com ---

2. 1948
3. 1951

36. Industrial (Development & Regulation) Act was passed by parliament in

1. 1947
2. 1949

--- Content provided by FirstRanker.com ---

3. 1951
4. 1956

37. If the amount claimed by consumer is Rs. 89 Lacs, the case under the consumer protection act shall be filed with

1. District Consumer Redressal forum
2. State consumer Dispute Redressal Commission

--- Content provided by FirstRanker.com ---

3. National consumer Dispute Redressal Commission
4. Supreme court

38. The credit for inventing the word "Privatisation" goes to

1. Elton Mayo
2. F.W. Taylor

--- Content provided by FirstRanker.com ---

3. L. Urwick
4. Peter Drucker

39. Indian businesses encounter the following problem in the globalisation

1. Infrastructural Bottleneck
2. Lack of interest shown by MNC's

--- Content provided by FirstRanker.com ---

3. Both (A) and (B)
4. None of these

40. Industrial policy resolution of 1948 was divided industries into

1. 3 categories
2. 4 categories

--- Content provided by FirstRanker.com ---

3. 5 categories
4. 6 categories

41. Industrial policy resolution 1956 divided industries into ________ categories

1. 2
2. 3

--- Content provided by FirstRanker.com ---

3. 4

42. Globalisation means

1. Adopting a global outlook for business
2. Inviting multinationals in the country
3. Selling in the foreign market

--- Content provided by FirstRanker.com ---

4. All of the above

43. Consumer protection in India is ensured by

1. Consumer protection Act, 1946
2. Consumer protection Act, 1986
3. Consumer protection Act, 1990

--- Content provided by FirstRanker.com ---

4. Consumer protection Act, 1968

44. VAT is imposed

1. Directly on Consumers
2. On final Stage of production
3. On all stages from Production to final sale

--- Content provided by FirstRanker.com ---

4. None of the above

45. As per Industrial Policy resolution 1956, reserved industries for public sector are

1. 12
2. 14
3. 16

--- Content provided by FirstRanker.com ---

4. 17

46. The concept of small scale industries (SSIs) was brought to the fore by the

1. Industrial Policy Resolution 1948
2. Industrial Policy Resolution 1956
3. Industrial Policy Statement 1977

--- Content provided by FirstRanker.com ---

4. None of the above

47. Environment degradation does not consist of

1. Land degradation and soil erosion
2. Problem of over grazing and ecological degradation

48. The MRTP Act of 1969 was abolished in

--- Content provided by FirstRanker.com ---

1. 1991
2. 2002
3. 2006
4. None of the above

49. India abolished quantitative restrictions on imports of 1429 items in 2000 and 2001 as per the commitment to which of the following

--- Content provided by FirstRanker.com ---

1. SAFTA
2. GATT
3. WTO
4. NAM

50. Micro factors of external business environment does not include

--- Content provided by FirstRanker.com ---

1. Competitors
2. Customers
3. Government Policies
4. None of these

FirstRanker.com

--- Content provided by FirstRanker.com ---