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Business can be defined as:

A.	Selling of goods	B.	Buying of goods
C.	A market place	D.	Trade, commerce and industry

What can be the maximum number of partners in a partnership firm?

A.	10	B.	15
C.	20	D.	25

Which form of business organisation would be most suitable for a capital intensive business?

A.	Sole proprietorship	B.	Partnership
C.	Co-operative society	D.	Joint-stock company

According to the systems approach, a system is the:

A.	Sum total of all its components	B.	Orderly arrangement of its components in a coordinated manner
C.	A combination of some of the components	D.	A systemic view of the organisation

A business organistion has constant and invisible interaction with its:

A.	Employees	B.	Suppliers and customers
C.	External environment	D.	Government

The asset limit above which a company or group would be covered under the MRTP in India for concentration of economic power is:

A.	Rs 50 lakh	B.	Rs 1 crore
C.	Rs 20 crore	D.	Rs 100 crore

Which one of the following refers to 'factoring services'?

A.	Guaranteeing realisation from debtors	B.	Financing working capital
C.	Providing project consultancy	D.	None of the above

A consumer complaint is registered by the MRTP Commission in India on a complaint made by at least:

A.	5 consumers	B.	25 consumers
C.	50 consumers	D.	100 consumers

Vertical combination implies:

A.	Formation of pools and cartels	B.	Integration of enterprises engaged in different stages of production of a particular product
C.	A group 01 organisations having common sales set-up	D.	Integration of enterprises engaged in manufacturing similar products

10.

An indirect tax is one where:

A.	Tax is levied on wealth	B.	Tax is levied always on products
C.	Points of impact and incidence are the same	D.	Points of impact and incidence are different