Business Registration and Licenses in India
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Questions and Answers

Which of the following statements about the 'Ease of Doing Business' is true?

  • It is a metric used by the World Bank to compare the business environment in 190 countries.
  • It is a program launched by the Government of India to improve the business-friendly environment in the country.
  • It refers to the regulatory environment for setting up and operating a business in a country. (correct)
  • It is a report published by the Government of India to assess the business environment in the country.

What is the current rank of India in the World Bank's Ease of Doing Business Report 2020?

  • 190th
  • 63rd (correct)
  • 79th
  • 142nd

Which of the following business entities is not required to be registered in India?

  • Partnership
  • Private Limited Company
  • Limited Liability Partnership
  • Proprietorship (correct)

What was the rank of India in the World Bank's Ease of Doing Business Report prior to the government's regulatory reforms in 2014?

<p>142nd (D)</p> Signup and view all the answers

Which of the following statements about the government's regulatory reforms in India is not true?

<p>The reforms were successful in improving India's ranking in the World Bank's Ease of Doing Business Report. (B)</p> Signup and view all the answers

Which of the following business entities is compulsory to register in India?

<p>Private Limited Company (C)</p> Signup and view all the answers

What is the key difference between a Proprietorship and a Partnership business entity in India?

<p>Proprietorship requires registration, while Partnership is not compulsory to register. (B)</p> Signup and view all the answers

Which of the following statements about the impact of the government's regulatory reforms in India is not true?

<p>The reforms have not had any impact on the regulatory environment for setting up and operating a business in India. (B)</p> Signup and view all the answers

Which of the following business entities in India is not mentioned in the text?

<p>Limited Liability Partnership (A)</p> Signup and view all the answers

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