Which form of organization listed is not governed by any specific law or act?
- Private Limited Company
- Proprietorship Firm
- LLP
- Partnership Firm
Ai, ii
Bii only
Ci only
Div only
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Related Questions:
Choose the correct statement(s) regarding Non-Profit Organisations (NPOs).
Non-profit organisations are legally exempt from paying taxes due to their social or public service objectives.
Non-profit organisations distribute excess profits to shareholders to ensure financial sustainability.
Match the following organizations with their examples.
i. Public Sector Organization a. Wipro
ii. Private Sector Organization b. ONGC
iii. Non-Profit Organization c. Akshaya Patra Foundation
iv. Multinational Corporation d. Reliance
Assertion (A): Private sector organisations are more likely to offer higher salary packages and better incentives compared to public sector organisations.
Reason (R): Private sector organisations operate in a competitive environment and base promotions on merit and job performance.
Select the correct answer from the codes given below:
Choose the correct statement(s) regarding Non-Profit Organisations (NPOs).
NPOs are legally exempt from paying taxes and use excess funds for developmental activities rather than distributing them to shareholders.
All NPOs in India are referred to as Non-Governmental Organisations (NGOs) in international relations.
Consider the following statements about the New Economic Policy of 1991:
i. It led to the opening of most industries to private sector participation.
ii. It resulted in a significant increase in the size and growth rate of the Indian economy.
iii. It eliminated all public sector organisations in India.
Which of the statements given above is/are correct?