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Globalization and Privatization


1. 

Who manages a joint stock company?

Answer : A. Its Board of Directors

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2. 

All of the following totals would be included in a company's profit and loss account,except

Answer : D. Value of premises owned by the company

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3. 

The Profit and loss of a partnership concern is shared among the partners

Answer : B. in agreed ratio

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4. 

Globalisation of indian economy means

Answer : D. having minimum possible restrictions on economic relations with other countries

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5. 

The costs, which do not vary with changes in a firm's output, are known as

Answer : A. Fixed costs

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6. 

The maximum number of shareholders in a private limited company is

Answer : B. 50

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