
Forms of Business Organizations - I
Authored by RINI THAKUR
Business
11th Grade
Used 33+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
1) Which form of business organization is only found in India?
Sole Proprietorship
Partnership
Hindu Undivided Family
Corporations
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Name the form of business organization where the members are jointly as well as individually liable for payment of firm's debts.
Sole Proprietorship
Partnership
Hindu Undivided Family
Company
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
3) Name the basic document prepared for partnership firm.
Partnership contract
Partnership deed
Prospectus
Notary
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
4) Name the type of partner who contributes capital and shares profits and losses but does not take part in the day-to-day management of the firm .
Active partner
Dormant partner
Nominal partner
partner by estoppel
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which year Act governs Partnership firm?
1956
1947
1932
2013
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the members in Joint Hindu Family business called and how is their liability?
co-partners, unlimited
co-parceners, unlimited
co-parceners, limited
co-partners, limited
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7) Identify the type of partner: His association with the firm is not disclosed to the general public.
Sleeping partner
Partner by holding out
Secret partner
Active partner
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