Tag: business studies

Quizzes (322) Questions (660)

Questions Related to business studies

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

Any Indian citizen between ________ years can join NPS.

  1. 18 and 60

  2. 30 and 50

  3. 18 and 40

  4. 20 and 40
Reveal answer Fill a bubble to check yourself
A Correct answer
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.

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

PPF means __________________.

  1. Pension Planning Funds

  2. Person having Pension Facilities

  3. Public Provident Fund

  4. Permanent Practitioners Forum
Reveal answer Fill a bubble to check yourself
C Correct answer
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. 

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

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

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
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.

Multiple choice memorandum of understanding and articles of association company business studies

What is not false for dormant company?

  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
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A dormant company is one formed for a future project or to hold an asset or intellectual property and has no significant accounting transactions.

Multiple choice memorandum of understanding and articles of association company business studies

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

  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
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Corporate Social Responsibility (CSR) activities are voluntary contributions by companies toward social welfare. Even if not legally mandated for a specific entity, such activities are categorized under CSR.

Multiple choice memorandum of understanding and articles of association company business studies

Is CSR applicable to Foreign Companies?

  1. No

  2. Yes

  3. Nothing Specified

  4. It is Voluntary
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under the Companies Act, 2013, the provisions regarding Corporate Social Responsibility (CSR) are applicable to foreign companies that have a branch office or project office in India meeting certain financial criteria.

Multiple choice memorandum of understanding and articles of association company business studies

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 _______

  1. Shifting of the corporate personality

  2. Doctrine of privity of contract

  3. Piercing through the corporate veil

  4. Doctrine of unjust enrichment
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Piercing the corporate veil is a legal doctrine where the court ignores the separate legal personality of a company to hold its shareholders or directors personally liable for fraudulent acts.