
Forms of Business organisation

Quiz
•
Business
•
11th Grade
•
Medium
Varsha Praveen
Used 103+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
There is no separate law that governs this form of business
Sole Proprietorship
Joint Hindu Family
Partnership
2.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
The Karta in Joint Hindu family business has
Limited liability
Unlimited liability
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
This type of company is not prohibited from inviting public to subscribe to its shares.
One person company
Private company
Public company
4.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Profits do not have to be shared.This statement refers to
Partnership
Sole proprietorship
Company
5.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
The head of the Joint Hindu family is called
Karta
Propriter
Director
6.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
The minimum number of members required to form a public company is
2
5
7
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A nominal partner is the one who
Contribute capital
Shares profit and losses
none of the above
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