Teaching Business Studies Business Ownership Question Bank MCQ - Business Ownership

  • question_answer
    Consider the following statement(s).
    I. An association of two or more persons who agree to carry the business together is partnership.
    II. The business owned and carried on by the member of a Hindus undivided family is governed by the Hindu law.
    III.The Indian economy consists of both privately-owned and government enterprises is known as mined economy.
    Which of the statement(s) given above is/are correct?

    A)  I and II                                    

    B)  II and III

    C)                     I and III                                   

    D)  All of these

    Correct Answer: D


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