Podcast
Questions and Answers
What is the primary purpose of obtaining various registrations and licenses for a business entity in India?
What is the primary purpose of obtaining various registrations and licenses for a business entity in India?
- To comply with regulatory requirements and operate legally (correct)
- To streamline the process of setting up a business
- To obtain tax benefits and incentives from the government
- To establish a brand identity and gain customer trust
Which of the following statements is true about the 'Ease of Doing Business' ranking by the World Bank?
Which of the following statements is true about the 'Ease of Doing Business' ranking by the World Bank?
- Both (a) and (b) (correct)
- India ranked 63rd in the 2020 report, an improvement from 142nd in 2014
- It compares the business environment in 190 countries annually
- The ranking considers only the regulatory environment for setting up a business
Which of the following forms of business entities is compulsory to register under a specific law in India?
Which of the following forms of business entities is compulsory to register under a specific law in India?
- Proprietorship
- Partnership
- Limited Liability Partnership (LLP) (correct)
- None of the above
What initiative did the Government of India launch in 2014 to improve the business environment?
What initiative did the Government of India launch in 2014 to improve the business environment?
Based on the information provided, which of the following statements is true about India's business environment?
Based on the information provided, which of the following statements is true about India's business environment?
What is the significance of the 'Ease of Doing Business' ranking by the World Bank for a country like India?
What is the significance of the 'Ease of Doing Business' ranking by the World Bank for a country like India?
Which form of business entity does not require any registration under a specific law in India?
Which form of business entity does not require any registration under a specific law in India?
What is the primary objective of the Government of India's program of regulatory reforms, as mentioned in the text?
What is the primary objective of the Government of India's program of regulatory reforms, as mentioned in the text?
Based on the information provided, which of the following statements is incorrect?
Based on the information provided, which of the following statements is incorrect?
Which of the following statements is true based on the information provided in the text?
Which of the following statements is true based on the information provided in the text?
