11th Class Business Studies Forms Of Business Organisation Question Bank

done Forms Of Business Organisation (MCQ) Total Questions - 20

• question_answer1)
  The structure in which there is a separation of ownership and management is called
  A)
  Sole proprietorship done clear
  B)
  Partnership done clear
  C)
  Company done clear
  D)
  All business organizations done clear
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• question_answer2)
  The Karta in Joint Hindu family business has:
  A)
  Limited liability done clear
  B)
  Unlimited liability done clear
  C)
  No liability for debts done clear
  D)
  Joint liability done clear
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• question_answer3)
  In a cooperative society the principle is followed:
  A)
  One share one vote done clear
  B)
  One man one vote done clear
  C)
  No vote done clear
  D)
  Multiple votes done clear
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• question_answer4)
  The board of directors of a joint stock company is elected by:
  A)
  General public done clear
  B)
  Government bodies done clear
  C)
  Shareholders done clear
  D)
  Employees done clear
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• question_answer5)
  The maximum number of partners allowed in the banking business are:
  A)
  Twenty done clear
  B)
  Ten done clear
  C)
  No limit done clear
  D)
  Two done clear
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• question_answer6)
  Profits do not have to be shared. This statement refers to:
  A)
  Partnership done clear
  B)
  Joint Hindu Family Business done clear
  C)
  Sole proprietorship done clear
  D)
  Company done clear
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• question_answer7)
  The capital of a company is divided into a number of parts, each one of which are called:
  A)
  Dividend done clear
  B)
  Profit done clear
  C)
  Interest done clear
  D)
  Share done clear
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• question_answer8)
  The Head of the Joint Hindu Family Business is called
  A)
  Proprietor done clear
  B)
  Director done clear
  C)
  Karta done clear
  D)
  Manager done clear
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• question_answer9)
  Provision of residential accommodation to the members at reasonable rates is the objective of
  A)
  Producer's cooperative done clear
  B)
  Consumer's objective done clear
  C)
  Housing cooperative done clear
  D)
  Credit cooperative done clear
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• question_answer10)
  A partner whose association with the firm is unknown to the general public is called
  A)
  Active partner     done clear
  B)
  Sleeping partner done clear
  C)
  Nominal partner done clear
  D)
  Secret partner done clear
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• question_answer11)
  Name the form of business organization found only in India.
  A)
  Sole Proprietorship done clear
  B)
  Partnership done clear
  C)
  Joint Hindu Family done clear
  D)
  Cooperatives done clear
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• question_answer12)
  Choose the type of business in which sole proprietorship is very suitable.
  A)
  CA Firm done clear
  B)
  Beauty Parlour done clear
  C)
  A shopping mall done clear
  D)
  All of these done clear
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• question_answer13)
  Name the person who manages a Joint Hindu Family Business.
  A)
  Manager done clear
  B)
  Minor done clear
  C)
  Members done clear
  D)
  Karta done clear
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• question_answer14)
  Name the law which governs Joint Hindu Family Business.
  A)
  Partnership Act done clear
  B)
  Hindu Law done clear
  C)
  Companies Act, 1956 done clear
  D)
  Contract Act done clear
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• question_answer15)
  Which document is called charter of a company?
  A)
  Memorandum of Association done clear
  B)
  Articles of Association done clear
  C)
  Prospectus done clear
  D)
  All of the above done clear
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• question_answer16)
  What is the minimum number of persons required to form a co-operative society?
  A)
  2 done clear
  B)
  7 done clear
  C)
  10 done clear
  D)
  20 done clear
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• question_answer17)
  Which of the following has unlimited liability in business?
  A)
  Sole Proprietor done clear
  B)
  Karta done clear
  C)
  Partners done clear
  D)
  All of the above done clear
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• question_answer18)
  Name the type of company which must have a minimum paid up capital of 5 lacs.
  A)
  Public Company done clear
  B)
  Private Company done clear
  C)
  Government Company done clear
  D)
  All of the above done clear
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• question_answer19)
  Which of the following has a separate legal entity?
  A)
  Joint Stock Company done clear
  B)
  Co-operative Society done clear
  C)
  Both of the above done clear
  D)
  None of the above done clear
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• question_answer20)
  Minor can be full-fledged member of:
  A)
  Co-operative Society done clear
  B)
  Joint Stock Company done clear
  C)
  Joint Hindu Family done clear
  D)
  Partnership done clear
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