Tag: business studies

Questions Related to business studies

Any Indian citizen between ________ years can join NPS.

business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

  1. 18 and 60

  2. 30 and 50

  3. 18 and 40

  4. 20 and 40

Show answer
Correct Option: A
Explanation:

Any Indian citizen between 18 and 60 years can join NPS. National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

PPF means __________________.

business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

  1. Pension Planning Funds

  2. Person having Pension Facilities

  3. Public Provident Fund

  4. Permanent Practitioners Forum

Show answer
Correct Option: C
Explanation:

Public provident fund is a type of after retirement payment to the retired employees of the business which is contributed by the employees as well as the employers to create a separate fund which is availed by the retired employees on their retirement. 

Government of India established Pension Fund Regulatory and Development Authority (PFRDA) on 10th October, 2003.

business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

b'Government of India established Pension Fund Regulatory and Development Authority (PFRDA) on 10th October, 2003- this is  a true statement. This was established by the Government of India to promote old age income security by developing and regulating funds in order to protect the interests of the subscribers to schemes of pension funds.

What is not false for dormant company?

memorandum of understanding and articles of association company business studies

  1. It is registered for future project

  2. It is registered under Companies Act, 1956

  3. It is registered as dormant company under Companies Act, 1956

  4. None of the above

Show answer
Correct Option: A

A hospital does some charity work although it was not obliged to do so. What will be true?

memorandum of understanding and articles of association company business studies

  1. It will be considered a CSR activity

  2. Hospitals are not required to do CSR activity

  3. It will not be considered a CSR activity

  4. None of the above

Show answer
Correct Option: A

Statutory body created for accounting norms under CA 2013 is _______.

memorandum of understanding and articles of association company business studies

  1. NFRA

  2. NCLT

  3. SF10

  4. CRA

Show answer
Correct Option: A

Is CSR applicable to Foreign Companies?

memorandum of understanding and articles of association company business studies

  1. No

  2. Yes

  3. Nothing Specified

  4. It is Voluntary

Show answer
Correct Option: B

For a company to be a small company _____________.

memorandum of understanding and articles of association company business studies

  1. its paid up capital is less than 50 lakh

  2. its paid up capital is 50 lakh

  3. its turnover is 3 core

  4. both a and c

Show answer
Correct Option: A

Where a fraudulent and dishonest use is made of the legal entity, the Court will break through the corporate shell and apply the principle of what is known as _______

memorandum of understanding and articles of association company business studies

  1. Shifting of the corporate personality

  2. Doctrine of privity of contract

  3. Piercing through the corporate veil

  4. Doctrine of unjust enrichment

Show answer
Correct Option: C

Private companies need not to register its own Article.

memorandum of understanding and articles of association company business studies

  1. True

  2. False

  3. Partly true

  4. Partly false

Show answer
Correct Option: B