Business And Commerce - Study Mode
[#321] As per the Foreign Trade Policy 2015-2020, a three star export house should have:
Correct Answer
(A) Export performance (FOB/FOR) of US $ 100 million during current and previous two years
[#322] A contract of partnership, in order to be valid:
Correct Answer
(A) can be expressed or implied
[#323] A letter of credit means:
Correct Answer
(D) letter by which bank agrees to pay on due date
[#324] Match List-I with List-II and select the correct answer: List-I (Type of organisation) List-II (Important features) a. Sole trader 1. Large number of risk takers b. Partnership 2. Betterment off weaker sections c. Co-operatives 3. Contractual relationship d. Public Limited Company 4. Unlimited liability
Correct Answer
(B) a-4, b-3, c-2, d-1
[#325] Consider the following statements: Assertion (A): Corporate planning deals with the futurity of present decisions in terms of setting goals, developing strategies to achieve them, translating strategies into detailed operational programmes and assuring that plans are carried out. Reason (R): Corporate planning is essential in large organisations to develop a unified framework in planning and decision making. Now select your answer
Correct Answer
(A) Both A and R are true and R is the correct explanation of A