Which business activity includes firms that provide services to consumers and other business?
Primary sector
Secondary sector
Tertiary sector
Quaternary sector
Which of the following is the most common forms of business organisation?
Sole trader
Producer
Shareholder
HUF
Which of the following are taxes imposed on product when it is imported into a country?
Tariffs
Quotas
Profit
Subsidies
Which of the following are limits on the physical quantity or value of certain goods that may be imported?
Protectionism
Which of the following are the requirement for the establishment of a company under the law of India, UK and many other countries?
Articles of Association
Memorandum of Association
Shares
Debenture Certificate
Which of the following is a limited company, often a large business, with the legal right to sell shares to the general public-share prices are quoted on the National Stock Exchange?
Private limited company
Public limited company
Government company
Cooperative
Which of the following refers to the increasing freedom of movement of goods, capital and people around the world?
Globalisation
Industrialisation
In which of the following economy, economic resources are owned, planned and controlled by the state?
Free market economy
Command economy
Mixed economy
Capitalist economy
Which of the following uses barriers to free trade to protect a country's own domestic industries?
Liberalisation
In which of the following economy, economic resources are owned largely by the private sector with very little state intervention?
Socialist economy
