CLASS 11 MCQ

Funding for Departmental Undertakings comes from which of the following sources:

• Shares

• Debentures

• Government Treasury

• Loans from Financial Institutions

A partner who does not take part in the day to day activities of the business but contribute capital is known as:

• Secret Partner

• Sleeping Partner

• Nominal Partner

• Partner by holding out

The eldest member of Joint Hindu Family shall become Karta. Which of the following is true about the Karta?

• Only a male can become the Karta

• Only a female can become the Karta

• Both male or female can become the Karta

• All are correct

Sole proprietorship form of business is best suited for which of the following businesses:

• Large scale

• Medium scale

• Small scale

• None of these

Is it compulsory for a partnership firm to get registered?

• Yes

• No

• Depends on the nature of business

• Depends on the size of the business

Membership in Joint Hindu Family Business occurs by which of the following modes:

• Agreement

• Birth

• Marriage

• None of these

The Liability of the members in case of a Joint Stock Company is ________________

• Limited

• Unlimited

• Equal

• None of these

A private company can commence its business after obtaining which of the following :

• Licence

• Certificate of Incorporation

• Certificate of Commencement

• All of the above

Which of the following is not a natural cause of business risks:

• Earthquake

• Flood

• Famine

• Strikes

What minimum percentage of the paid up capital should be held by the government in a Government Company?

• 51%

• 49%

• 75%

• 100%