MCQs on forms of business organization: Get important MCQs on forms of business organization with answers. These Business multiple-choice questions are important for classes 11, 12, and further studies.
MCQs on forms of business organization
1. A partner whose association with the firm is unknown to the general public is called:
Secret Partner
Sleeping Partner
Active Partner
Nominal Partner
2. Hindu Succession Act was passed in ………………..
1956
1932
1960
1952
3. In a cooperative society the principle followed is:
Multiple votes
No vote
One share one vote
One man one vote
4. Profits do not have to be shared. This statement refers to
Joint Hindu family business
Partnership
Company
Sole Proprietorship
5. Provision of residential accommodation to the members at reasonable rates is the objective of:
Consumer’s Cooperative
Producer’s Cooperative
Credit Cooperative
Housing Cooperative
6. The Head of the joint Hindu family business is called
Proprietor
Karta
Manager
Director
7. The Karta in Joint Hindu family business has:
No liability for debts
Joint liability
Limited liability
Unlimited liability
8. The life of a sole proprietorship business is ………………..
Unstable
Stable
Long life
Very short life
9. The maximum number of partners allowed in the partnership business is
No limit
Twenty
Two
Fifty
10. What do you understand by the term unlimited liability?
The personal assets of the owner can be sold when the assets of the business are not enough
The personal assets of the owner cannot be sold at all.
The personal assets of the owner can be sold, according to the wish of the creditors
The personal assets of the owner can be sold, only to a limited extent
MCQs COMPANY FORM OF BUSINESS ORGANISATION
11. A company that carries on its business in more than one country:
Global Company
Foreign Company
International Company
Overseas Company
12. A company which is created by a special Act of Parliament:
Government Company
Multinational Company
Holding Company
13. A company that is incorporated outside India:
Global Company
Foreign Company
International Company
Overseas Company
14. At least 10 adults, no maximum limit in case of:
Partnership
Joint Hindu Family
Cooperative Society
Company
15. In case of …………… Registration is compulsory
Sole Proprietorship
Partnership
Company
None of these
16. It is a form of business organization that is owned, managed, and controlled by an individual who is the recipient of all profits and bearer of all risks. Identify the concept.
Sole Proprietorship
Cooperative Society
Joint Hindu family business
Partnership
17. The board of directors of a joint-stock company is elected by:
Government Bodies
Employees
Shareholders
General Public
18. The capital of a company is divided into a number of parts each one of which is called:
Dividend
Interest
Share
Profit
19. The structure in which there is the separation of ownership and management as per law is called …………………
Sole Proprietorship
Company
All Business Organizations
Partnership
20. What is the limit of members in the case of a Private Company?
2
7
200
10