Which of the following can be served as the best definition of a Government Company?
A. Where the central government holds 51% or more shares
B. Where the state government holds 51% or more shares
C. Where central and state governments together hold more than 51% of shares
D. Where the central, state & local government hold more than 51% shares putting together
E. Where central, state or local government holds more than 51% shares or is working as a subsidiary to a government company
Answer: Option E
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B

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