Business Registration and Licenses in India

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9 Questions

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

It refers to the regulatory environment for setting up and operating a business in a country.

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

63rd

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

Proprietorship

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?

142nd

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

The reforms were successful in improving India's ranking in the World Bank's Ease of Doing Business Report.

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

Private Limited Company

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

Proprietorship requires registration, while Partnership is not compulsory to register.

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

The reforms have not had any impact on the regulatory environment for setting up and operating a business in India.

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

Limited Liability Partnership

Learn about the mandatory registration and licensing requirements for setting up a business in India. Understand the detailed procedures for obtaining the necessary permits. Explore the concept of 'Ease of Doing Business' and how it is assessed by the World Bank.

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