What is the full form of mrtp act

and any points to remember while attempting the exam ?

MRTP Act stands for Monopolies and Restrictive Trade Practices Act, 1969. 

Business Studies is a highly scoring subject despite being theoretical in nature. Don’t fear at all, as usually the question paper is pretty straight forward and the easiest. Nevertheless, even after having all the concepts and answers on tips, often students face a common problem in time management while writing their papers. In this regard, one just needs to stick to the prescribed word limit.
For Long Answer Questions, carrying 5 and 6 marks, begin your answer by quoting definitions, giving an overview or brief introduction to the concerned topic and subsequently followed by the points. At the end, wrap up the answer with conclusions. The length of the answer should not be more than 250 words. Besides this, make sure that the explanation of each individual points or sub-points should not be more than 2-3 lines. 
For Short Answer Questions, carrying 3 and 4 marks, use single line introductions for such answers, cover all relevant and related points and reasons. For these questions, do not be highly descriptive like Long Answer Questions but the length of text of the answer must be appropriate to the question requirements. The length of the answer should not be more than 150 words.
For Very Short Answer Questions, carrying 1 and 2 marks, be highly specific and to the point. If a question start with words such as ‘enumerate’ or ‘list’ or ‘enlist’, then just mention the points and no need to explain them individually.
1. What if you forget any point? In such cases, you forget or miss out the main head (or pointer) for any particular point, then do not panic at all. Use your common sense and general knowledge to frame a new head/point that you think is closest and is appropriate to the context. 
2. A few important chapters- Chapters such as Marketing Management (14 marks), Financial Management (12 marks), Directing (8 marks) and Organising (8 marks) are the most important chapters as these carry more weightage. 
3. Always highlight the important lines and keywords to make your answer convey the important text at the first look. 
4. If a question is on types, functions, features, etc. then supplement your answers with flow charts and branch diagrams. This will help the examiner to have a quick glance at all the points covered by you in your answer. 
5. Last 15 minutes-  Normally, students keep-on writing till the last second of the exam. This leaves them with no time for revision, hence, the mistakes remain unidentified. Thus, it is advisable to always save some time for revision. This will help you to find petty mistakes in your answers, thereby, will reduce the chances of overlooking your errors to minimum. While revising, ensure the following points. 
  • All the questions have been answered
  • The answers are numbered correctly and as per the question number as given in the question paper.
  • Have a bird’s-eye view of all your answers again to avoid repetitions and to edit vague text.
  • Make sure that all the supplementary sheets are properly arranged and tied.

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