Rival means a competing business adversary, which matches someone looking for an opportunity to destroy him.

Equity is the owner's residual interest in a business and equals total assets minus total liabilities.

A business cycle describes the long-run pattern of economic expansions and recessions, showing periodic growth and contraction.

Seems denotes appearance or assessment and is the option the question lists as the verb indicating modality/possibility.

A business letter typically includes both the date and address (heading) and the message with a signature, so both A & B are required.

A complete business letter typically includes both the date and address and the message and signature, so 'Both A & B' is correct.

Police Order was enforced in Pakistan in 2002, the year when that provincial policing reform was introduced.

Pakistan's listed cyber law framework includes both the Electronic Cyber Crime Bill 2007 and the Electronic Transaction Ordinance 2002, so 'Both A and B' is correct.

The Partition of Bengal occurred in 1905 under British colonial administration.

The 1919 Government of India Act is known as the Montagu–Chelmsford Reforms, which introduced provincial dyarchy and expanded Indian participation in administration.