JOINT HINDU FAMILY BUSINESS

JOINT HINDU FAMILY BUSINESS

.1 Name the law that governs joint HINDU family

• a. Family law

• B. Muslim law

• c. Hindu law

• d. All the above

2) The person who have an equal ownership right over the property of the ancestors are known as

• a. Karta

• b. Coparceners

• c. Members

• d. Shareholders

3) Minors can also be members of this form of business

• a. Sole Proprietorship

• b.Partnership

• c. joint hindu family

• d. Cooperative societies

4) The liability of karta in a joint hindu family business is

• a. Limited liability

• b. Unlimited liabilities

• c. none of the above

The death of Karta will not affect the Joint Hindu Family Business

• true

• false