Dr. Mitesh Popat's Quiz on Forms of Business Organisation

At least 10 members are required to form____________

• Patnership

• Cooperative Society

• Joint stiock company

• All of the above

Maximum members allowed in case of private company is ___

• 20

• 30

• 10

• 50

The life span of sole proprietorship is ________

• Stable

• Unstable

• Permenant

• All of the above

The capital of company is divided into number of parts and each part is known as __

• Capital

• Borrowing

• Shares

• None of these

Maximum number of partners allowed in banking sector are ____

• 20

• 10

• 30

• 5

The maximum numbers of parteners allowed in sectors other than bank is _________

• 10

• 15

• 20

• 30

The structure in which there is sepration of ownership and management is called _________

• Joint Stock Company

• Sole proprietorship

• Both A and B

• NOne of the above

____ is characteristic of cooperative society

• One person one vote

• One vote per share

• profit is subject to income tax

• All of the above

In JHFB _______ has unlimited liability .

• Member

• HUF

• Karta

• All of the above

The eldest person of the HUF is known as Coparcener.

• True

• False