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</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.</p> Signup and view all the answers

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

    <p>Private Limited Company</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.</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.</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</p> Signup and view all the answers

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