Final PN-13 Corporate and Economic Laws Quiz 7

1. FEMA      foreign currency transaction.

2. Zenith Ltd. is accompany registered in UK, issues shares to citizen of UK. Under the Indian law, the shares are;

3. The following remittance is prohibited

4. Total maximum remittance during a financial year under LRS scheme is:

5. Eligible borrower can raise up to                               million US$ through ECB in automatic route

6. Individuals can avail of foreign exchange facility for the following purposes within the LRS limit on financial year basis for the following:

7. FDI is prohibited in the which of the following sectors:

8. Sale of shares from a resident to non resident is:

9. DPIIT comes under :

10. For investment in market securities, FIIs are to be registered with:

11. Automatic route in FDI means.

12. If the Commission does not, on the expiry of a period of                        .days from the date of notice given to the Commission referred to in Section 29(2), pass an order or issue direction in accordance with the provisions of sub-Section (1) or (2) or (7), the combination shall be deemed to have been approved by the Commission

13. The Commission, may, notwithstanding anything contained in any other law for the time being in force, by order in writing, direct division of an enterprise enjoying dominant position to ensure that such enterprise does not abuse its dominant position. The order may provide for the following matters, namely:

14. The Commission also has the power to impose a fine which may extend up to of the total turnover or the assets of the combination, whichever is higher, for failure to give notice to the Commission of the combination

15. The Chairperson and every other Member shall hold office for a term of ............... years from the date on which he enters upon his office.

16. Any person aggrieved by any order of Competition Appellate Tribunal (COMPAT), may file an appeal to the Hon’ble Supreme Court within……… days, from the date of receipt of the order of Appellate Tribunal.

17. Which of the following is not the benefits of CSR Programme?

18. An association of producers, sellers or distributors, traders or service providers who, by agreement amongst themselves, limit, control or attempt to control the production, distribution, sale or price of or trade in goods or provision of services is known as

19. Unfair competition under the Competition Act, 2002 means adoption of practices viz. -

20. Which of the following is not the objective of Competition Act, 2002?

21. Which of the following is not the type of unfair competition?

22. The asset bases up to US $                     in case of a group having presence out of India shall not be required to take CCI approval in case of merger.

23. Selling products/services below the cost is called    .

24. Which is not the objective of CCI.

25. The turnover threshold for individual company, operating in India, in combination is     crores.