Which of the following uses barriers to free trade to protect a country's own domestic industries?
Globalisation
Protectionism
Quotas
Liberalisation
The ownership of companies is divided into small units called:
Shares
Dividends
Profit
Debentures
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 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
Debenture Certificate
Shareholders are the:
Debtors of the business
Creditors of the business
Owners of the business
Suppliers of the business
Which of the following business activity is engaged in farming, fishing and oil extraction?
Primary sector
Secondary sector
Tertiary sector
Quaternary sector
Which of the following is a business enterprise owned and controlled by the State?
Public corporation
Public cooperatives
Public administration
Joint ventures
Which of the following is the most common forms of business organisation?
Sole trader
Producer
Shareholder
HUF
Which of the following refers to the increasing freedom of movement of goods, capital and people around the world?
Industrialisation
All sole traders have:
Limited liability
Unlimited liability
Both 1 & 2
Risk liability
