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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Business Modules and concepts in India

  • question_answer
          Consider the following statement.
    I. Family owned business includes two or more family members and the majority of ownership lies within the family.
    II. Family owned business includes two or more family members and the majority of ownership is divided between the partners.
    Which of the following is/are correct?

    A) Only I

    B) Only II

    C) Both I and II

    D) None of the above

    Correct Answer: A

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