Match the items/terms given in List-I with those given in and List-II. Indicate the correct answer : Codes : (a) (b) (c) (d)List – I List – II (a) BIS (i) Print Media (b) CERC (ii) Minimum support price for agricultural products. (c) CACP (iii) Quality of manufactured products. (d) PCI (iv) Comparative product testing.
(iii) (iv) (ii) (i)
(a) BIS, the Bureau of Indian Standards (BIS Act, 1986), sets standards and certifies the quality of manufactured products through the ISI mark: (a)–(iii).
(b) CERC here is the Consumer Education and Research Centre, Ahmedabad (1978), a consumer organisation known for comparative testing of branded products in its own laboratory and publishing the results: (b)–(iv).
(c) CACP, the Commission for Agricultural Costs and Prices (1965), recommends the minimum support prices that the government announces for agricultural products: (c)–(ii).
(d) PCI, the Press Council of India (Press Council Act, 1978), is the watchdog for ethics and standards of newspapers, that is, the print media: (d)–(i).
The matching set is (a)–(iii), (b)–(iv), (c)–(ii), (d)–(i).
Hence, (iii) (iv) (ii) (i).
Which of the following refers to a situation in which the merger of companies results in over 25% of the market in the hands of the merged companies ?
The time limit for filing a complaints before the District forum under the Consumer Protection Act, 1986 is
Indicate the true statement :
The Competition Act, 2002, seeks to regulate
Which of the legislation(s) do (does) not form part of the legal environment of business in India ?
Which of the following is true ?
Match the items of List – I with List – II :
| List – I | List – II | ||
| a. | Industries Development Regulation Act | i. | 1947 |
| b. | Import and Export Control Act | ii. | 1948 |
| c. | Foreign Exchange Management Act | iii. | 1951 |
| d. | Factories Act | iv. | 1999 |
Identify the correct combination :
Codes :
a b c d
Which of the following is an example of an issue for which an agreement has not been made between two or more countries ?
Statement-I : Legal agreements between two countries govern how both the countries tax earnings.
Statement-II : International Law may determine how and whether companies can operate in a certain locale.
Codes :
Given below are two statements, one labelled as Assertion (A) and the other labeled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A): Consumers need to be given legal protection against certain trade practices and business methods.
Reason (R): Protection as per market forces and 'Caveat Emptor' is not enough as perfectly competitive market is an economist's dream and consumer sovereignty is a myth.
According to FEMA, foreign exchange does NOT include
1. Deposits payable in any foreign currency
2. Bills of exchange drawn in Indian currency but payable in any foreign currency
3. Traveller's cheques drawn by institutions outside India but payable in Indian currency
4. Drafts drawn by banks outside India and payable in foreign currency
Which of the following laws does not affect business organizations?
Which of the following sections of Companies Act, 2013 facilitates amalgamation, absorption and reconstruction of companies?
1. 319
2. 320
3. 410
4. 502