
Hindu Undivided Family Business Concepts
Interactive Video
•
Business, Social Studies
•
10th - 12th Grade
•
Medium

Aiden Montgomery
Used 3+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the minimum number of members required to form a Hindu Undivided Family business?
Four
Two
Three
One
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who can be a member of a Hindu Undivided Family business?
Neighbors
Siblings
Friends
Colleagues
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is the head of a Hindu Undivided Family business?
The eldest member
The most educated member
The youngest member
The wealthiest member
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of liability does the Karta have in a Hindu Undivided Family business?
Unlimited liability
Shared liability
No liability
Limited liability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What change did the Hindu Succession Act amendment bring about for women?
Women could no longer be part of the family business
Women could become the Karta
Women had no rights in ancestral property
Women had to leave the family business upon marriage
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which system allowed both male and female members to be co-partners before the Hindu Succession Act amendment?
Matrilineal system
Mitakshara system
Dayabhaga system
Patrilineal system
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one merit of having a Hindu Undivided Family business?
Limited control
Discontinuity
Effective control
Unlimited liability for all members
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