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Which of the following laws does not affect business organizations?

Which of the following laws does not affect business organizations? Correct Answer Incorporation and Bankruptcy laws

Rules and regulations have been implemented to control how businesses operate. These laws protect consumers and also preserve competition between businesses. Businesses that do not obey any of the business laws will face fines or penalties.

Environment Protection law 

Purpose of this Act

  • The act is umbrella legislation and enabling law that provides a framework for the Government to coordinate activities between central and state authorities established through various ancillary provisions.
  • The act also prohibits the companies from emitting any environmental pollutants more than the standards that have been prescribed in the act.
  • Consequently, the Central Government has framed the Environment (Protection) Rules of 1986 that lay down various standards that the industries are expected to follow.
  • This includes emission standards, noise standards, and other such standards, such as national ambient air quality standards.
  • This act also confers powers upon State and Central Pollution Control Boards to enforce these standards.

Occupational Health and Safety Laws:

The basic aim of the concerned law-making and amending authorities is to devise laws that provide safety standards to protect the basic needs of workers and take care of their welfare. These laws are flexible enough to create rather than destroy jobs, and increase the overall wellbeing of workers. The main objectives of OHS related legislation are: ​

  1. Providing a system of incentives to employers and employees so that they achieve higher health and safety standards. 
  2. Establishing and developing research and development capabilities in emerging areas of risk and effective control measures. 
  3. Reducing the incidence of work-related injuries, fatalities, and diseases. 
  4. Reducing the cost of workplace injuries and diseases.
  5. Increasing community awareness regarding areas related to OHS.

Competition Laws

The Competition Act (“Act”) is not intended to prohibit competition in the market. What the Act primarily seeks to regulate, are the practices that have an adverse effect on competition in the market(s) in India. In addition, the Act intends to promote and sustain competition in markets, protect consumer interests, and ensure freedom of trade in the market(s) in India. At the heart of the Act are various activities that will be prohibited as being anticompetitive. The activities comprise:

  1. Anti-competitive arrangements; 
  2. Abuse of dominant position; and 
  3. Mergers and acquisitions that have an appreciable adverse effect on competition in India. 

In India business organization is not affected by Incorporation and Bankruptcy laws rather it is affected by Insolvency and Bankruptcy Code, 2016.

The following are its features:

  1. The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India that seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.
  2. The Insolvency and Bankruptcy Code, 2015 was introduced in Lok Sabha in December 2015. It was passed by Lok Sabha on 5 May 2016 and by Rajya Sabha on 11 May 2016.
  3. The Code received the assent of the President of India on 28 May 2016.
  4. The bankruptcy code is a one-stop solution for resolving insolvencies which previously was a long process that did not offer an economically viable arrangement.
  5. The code aims to protect the interests of small investors and make the process of doing business less cumbersome.

Related Questions

Which of the following is not an agreement in restraint of trade?
1. A sells the goodwill of his business with an agreement not to carry on a similar business within specified local limits, so long as the buyer carries on a similar business.
2. A sells the goodwill of his business with an agreement not to carry on a similar business within India, so long as the buyer carries on a similar business.
3. A sells the goodwill of his business with an agreement not to practice the same trade for 25 years.
4. A sells the goodwill of his business with an agreement not to engage in any business competing or liable to compete in any way with the business for the time being carried on by the buyer.
Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.
True, It is the function of the army to maintain law and order in abnormal times. But in normal times there is another force that compels citizens to obey the laws and to act with due regard to the rights of others. The force also protects the lives and the properties of law abiding men. Laws are made to secure the personal safety of its subjects and to prevent murder and crimes of violence. They are made to secure the property of the citizens against theft and damage to protect the rights of communities and castes to carry out their customs and ceremonies, so long as they do not conflict with the rights of others. Now the good citizen, of his own free will obey these laws and he takes care that everything he does is done with due regard to the rights and well-being of others. But the bad citizen is only restrained from breaking these laws by fear of the consequence of his actions. And the necessary steps to compel the bad citizen to act as a good citizen are taken by this force. The supreme control of law and order in a State is in the hands of a Minister who is responsible to the State Assembly and acts through the Inspector General of Police.
Which of the following is not implied in the passage ?
Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.
True, It is the function of the army to maintain law and order in abnormal times. But in normal times there is another force that compels citizens to obey the laws and to act with due regard to the rights of others. The force also protects the lives and the properties of law abiding men. Laws are made to secure the personal safety of its subjects and to prevent murder and crimes of violence. They are made to secure the property of the citizens against theft and damage to protect the rights of communities and castes to carry out their customs and ceremonies, so long as they do not conflict with the rights of others. Now the good citizen, of his own free will obey these laws and he takes care that everything he does is done with due regard to the rights and well-being of others. But the bad citizen is only restrained from breaking these laws by fear of the consequence of his actions. And the necessary steps to compel the bad citizen to act as a good citizen are taken by this force. The supreme control of law and order in a State is in the hands of a Minister who is responsible to the State Assembly and acts through the Inspector General of Police.
According to the writer, which one of the following is not the responsibility of the police ?
There are five person P1, P2, P3, P4 and P5. Each person has a different occupation out of D1, D2, D3, D4 and D5 (not necessarily in the same order). Each person uses a different transport out of T1, T2, T3, T4 and T5 (not necessarily in the same order). The person whose business is D3 does not use T1 or T4. P2's business is D1. P4 uses T2. P3's business is not D4 or D5. P5 does not uses, T3 or T5. Persons having business D4 and D2 use T5 and T3 transport respectively. Which of the following combination of Person - Business - Traffic is definitely correct?
Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.
True, It is the function of the army to maintain law and order in abnormal times. But in normal times there is another force that compels citizens to obey the laws and to act with due regard to the rights of others. The force also protects the lives and the properties of law abiding men. Laws are made to secure the personal safety of its subjects and to prevent murder and crimes of violence. They are made to secure the property of the citizens against theft and damage to protect the rights of communities and castes to carry out their customs and ceremonies, so long as they do not conflict with the rights of others. Now the good citizen, of his own free will obey these laws and he takes care that everything he does is done with due regard to the rights and well-being of others. But the bad citizen is only restrained from breaking these laws by fear of the consequence of his actions. And the necessary steps to compel the bad citizen to act as a good citizen are taken by this force. The supreme control of law and order in a State is in the hands of a Minister who is responsible to the State Assembly and acts through the Inspector General of Police.
The expression 'customs and ceremonies' means:
Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.
True, It is the function of the army to maintain law and order in abnormal times. But in normal times there is another force that compels citizens to obey the laws and to act with due regard to the rights of others. The force also protects the lives and the properties of law abiding men. Laws are made to secure the personal safety of its subjects and to prevent murder and crimes of violence. They are made to secure the property of the citizens against theft and damage to protect the rights of communities and castes to carry out their customs and ceremonies, so long as they do not conflict with the rights of others. Now the good citizen, of his own free will obey these laws and he takes care that everything he does is done with due regard to the rights and well-being of others. But the bad citizen is only restrained from breaking these laws by fear of the consequence of his actions. And the necessary steps to compel the bad citizen to act as a good citizen are taken by this force. The supreme control of law and order in a State is in the hands of a Minister who is responsible to the State Assembly and acts through the Inspector General of Police.
"They are made to secure the property of citizens against theft and damage" means that the law:
Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.
True, It is the function of the army to maintain law and order in abnormal times. But in normal times there is another force that compels citizens to obey the laws and to act with due regard to the rights of others. The force also protects the lives and the properties of law abiding men. Laws are made to secure the personal safety of its subjects and to prevent murder and crimes of violence. They are made to secure the property of the citizens against theft and damage to protect the rights of communities and castes to carry out their customs and ceremonies, so long as they do not conflict with the rights of others. Now the good citizen, of his own free will obey these laws and he takes care that everything he does is done with due regard to the rights and well-being of others. But the bad citizen is only restrained from breaking these laws by fear of the consequence of his actions. And the necessary steps to compel the bad citizen to act as a good citizen are taken by this force. The supreme control of law and order in a State is in the hands of a Minister who is responsible to the State Assembly and acts through the Inspector General of Police.
The last sentence of the passage implies that:-
Which of the statement is/are correct about the three controversial farm laws passed by the parliament in September 2020? (A) In January 2021, the Supreme Court stayed the implementation of three controversial farm laws, (B) In January 2021, government proposed putting farm laws on hold for 2 years (C) In January 2021, the Supreme Court had appointed a committee on the three new farm laws (D) In September 2020, Shiromani Akali Dal leader Harsimrat Kaur had resigned as Union Minister for Food Processing. 
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: The India Risk Survey 2017 report ranks 'Information & Cyber Insecurity' as the biggest risk facing Indian companies. Indian organizations, both public and private, had witnessed over 27,000 incidents of security threat, from January 2017 till June 2017 alone. Phishing, scanning/probing, website intrusions and defacements, virus/malicious code, ransomware, Denial of Service attacks, and data breaches are some ways in which hackers attack business websites, which can cause operational disruptions and potentially steal sensitive information. Small and medium businesses (SMBs), unfortunately, have been seeing rising incidences of cybercrime. In fact, 70 percent of cyberattacks occur at organizations with lesser than 100 employees  Courses of action: I. Mandate basic security practices and policies for all employees, such as 2-factor authentication, internet use guidelines and create and enforce rules on handling and protecting sensitive data. Conduct frequent training to sensitize employees about opening suspicious emails, encrypting their data, using strong passwords on their devices, installing security apps, and limiting activity over public Wi-Fi. Implement and enforce incident reporting to help ensure that even the smallest breach is report to management as well as the IT teams. II. Basics still matter and are some of the best defenses against viruses, malware, and other online threats. Assess the assets that are most at risk - data, servers, network - and ensure that the systems are updated with the latest security software, web browser, and operating system. Implement firewall security and run antivirus software after each update.  III. Ensure regular backup of all critical data - whether stored in-house or on the cloud. Run scheduled attack drills and stress tests to identify vulnerabilities and ensure that data restoration and business continuity are executed as planned.
Some people believe that “what gets measured, improves”. Some others believe that “what gets measured, gets gamed”. One possible reason for the difference in the beliefs is the work culture in organizations. In organizations with good work culture, metrics help improve outcomes. However, the same metrics are counterproductive in organizations with poor work culture. Which one of the following is the CORRECT logical inference based on the information in the above passage?