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Regulatory Law in Bangladesh

Description: This quiz covers various aspects of Regulatory Law in Bangladesh, including its history, key regulations, and enforcement mechanisms.
Number of Questions: 15
Created by:
Tags: regulatory law bangladesh business law
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What is the primary legislation governing regulatory law in Bangladesh?

  1. The Regulatory Law Act, 2012

  2. The Bangladesh Trade Regulation Ordinance, 1984

  3. The Bangladesh Securities and Exchange Commission Act, 1993

  4. The Bangladesh Bank Act, 1972


Correct Option: A
Explanation:

The Regulatory Law Act, 2012 is the primary legislation that establishes the framework for regulatory law in Bangladesh.

Which government agency is responsible for enforcing regulatory law in Bangladesh?

  1. The Bangladesh Regulatory Authority

  2. The Bangladesh Trade Commission

  3. The Bangladesh Securities and Exchange Commission

  4. The Bangladesh Bank


Correct Option: A
Explanation:

The Bangladesh Regulatory Authority is the government agency responsible for enforcing regulatory law in Bangladesh.

What is the main objective of regulatory law in Bangladesh?

  1. To promote economic growth and development

  2. To protect consumers from harmful products and services

  3. To ensure fair competition in the marketplace

  4. All of the above


Correct Option: D
Explanation:

Regulatory law in Bangladesh aims to achieve all of the above objectives.

Which of the following is not a key area regulated by regulatory law in Bangladesh?

  1. Banking and finance

  2. Telecommunications

  3. Energy

  4. Agriculture


Correct Option: D
Explanation:

Agriculture is not a key area regulated by regulatory law in Bangladesh.

What is the penalty for violating regulatory law in Bangladesh?

  1. Fines

  2. Imprisonment

  3. Both fines and imprisonment

  4. None of the above


Correct Option: C
Explanation:

Violating regulatory law in Bangladesh can result in both fines and imprisonment.

Which of the following is an example of a regulatory body in Bangladesh?

  1. The Bangladesh Telecommunication Regulatory Commission

  2. The Bangladesh Energy Regulatory Commission

  3. The Bangladesh Securities and Exchange Commission

  4. All of the above


Correct Option: D
Explanation:

All of the above are examples of regulatory bodies in Bangladesh.

What is the role of the Bangladesh Competition Commission in regulatory law?

  1. To promote fair competition in the marketplace

  2. To investigate anti-competitive practices

  3. To impose penalties on businesses that engage in anti-competitive practices

  4. All of the above


Correct Option: D
Explanation:

The Bangladesh Competition Commission plays all of the above roles in regulatory law.

Which of the following is not a type of regulatory instrument used in Bangladesh?

  1. Licenses

  2. Permits

  3. Quotas

  4. Tariffs


Correct Option: D
Explanation:

Tariffs are not a type of regulatory instrument used in Bangladesh.

What is the purpose of a regulatory impact assessment in Bangladesh?

  1. To assess the potential impact of a proposed regulation

  2. To identify alternative ways to achieve the desired policy objectives

  3. To ensure that the proposed regulation is consistent with other laws and regulations

  4. All of the above


Correct Option: D
Explanation:

A regulatory impact assessment in Bangladesh serves all of the above purposes.

Which of the following is not a challenge faced by regulatory law in Bangladesh?

  1. Lack of resources

  2. Lack of expertise

  3. Lack of political will

  4. Lack of public awareness


Correct Option: C
Explanation:

Lack of political will is not a challenge faced by regulatory law in Bangladesh.

What is the future of regulatory law in Bangladesh?

  1. It will become more comprehensive and effective

  2. It will become less comprehensive and effective

  3. It will remain the same

  4. It is uncertain


Correct Option: D
Explanation:

The future of regulatory law in Bangladesh is uncertain.

Which of the following is an example of a deregulatory measure in Bangladesh?

  1. The privatization of state-owned enterprises

  2. The reduction of import tariffs

  3. The elimination of price controls

  4. All of the above


Correct Option: D
Explanation:

All of the above are examples of deregulatory measures in Bangladesh.

What is the role of the judiciary in regulatory law in Bangladesh?

  1. To interpret and enforce regulatory laws

  2. To review the decisions of regulatory bodies

  3. To ensure that regulatory bodies act fairly and reasonably

  4. All of the above


Correct Option: D
Explanation:

The judiciary in Bangladesh plays all of the above roles in regulatory law.

Which of the following is not a source of regulatory law in Bangladesh?

  1. Legislation

  2. Judicial decisions

  3. Regulatory guidelines

  4. International treaties


Correct Option: D
Explanation:

International treaties are not a source of regulatory law in Bangladesh.

What is the impact of regulatory law on businesses in Bangladesh?

  1. It can increase the cost of doing business

  2. It can reduce the risk of doing business

  3. It can create a more level playing field for businesses

  4. All of the above


Correct Option: D
Explanation:

Regulatory law in Bangladesh can have all of the above impacts on businesses.

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