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bom(2025-26)

Authored by jaya kagada

Business

University

Used 2+ times

bom(2025-26)
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 

1. The simplest and oldest form of business organisation is:

a) Partnership

b) Sole Proprietorship

c) Company

d) Cooperative Society

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 

2. In a sole proprietorship, the liability of the owner is:

a) Limited

b) Unlimited

c) Zero

d) Shared

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 

3. Which of the following is formed by at least two persons?

a) Sole proprietorship

b) Partnership

c) Company

d) Cooperative Society

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. The maximum number of partners in a partnership firm (as per Indian Companies Act, 2013) is:

a) 20

b) 50

c) 100

d) 200

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 

5. Which form of business organisation enjoys perpetual succession?

a) Sole Proprietorship

b) Partnership

c) Company

d) Joint Hindu Family Business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6.Who is the head of a Joint Hindu Family business?

a) Partner

b) Proprietor

c) Karta

d) Director

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. In a partnership, the agreement between partners is known as:

a) Partnership Contract

b) Partnership Deed

c) Partnership Bond

d) Partnership Agreement

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