BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Municipal license
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Project report
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Provisional registration certificate
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None of these
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Detailed explanation-1: -Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the government’s geographical jurisdiction. It is the authorization to start a business issued by the local government.
Detailed explanation-2: -Shop and Establishment Act license or registration is issued by the State Governments and varies from States. Hence, based on the State in which the business is situated, the concerned State Government authority must be approached for obtaining Shop and Establishment Act License.
Detailed explanation-3: -A business within a state, corporation, or municipality will require trade license registration from the concerned central or state government to commence with any business in a particular area or location.