business studies_11_2&3 chap(22-23)

_______________________ risk means chance of loss without any possibility of gain

• pure

• speculative

• natural

• economic

Service which helps in removing hindrance of knowledge

• Transport

• Insurance

• Advertising

• warehousing

Which of the broad categories of industries covers oil refinery and sugar mills ?

• Tertiary

• secondary

• Primary

• None of these

In ancient India, documents such as ______ and ______ were in use for carrying our transactions in which money passed from hand to hand.

• hundi, chitti

• cheque, bills

• hundi, cheques

• none of these

The Karta in HUF has

• limited liability

• Unlimited liability

• No liability

• Joint liability

The minimum number of members in an OPC is

• 2

• 3

• 1

• 5

A document containing terms and conditions of partnership

• Bill

• Agreement

• Hundi

• Partnership deed

Which form of Organization has a complex procedure of forming it?

• Partnership

• HUF

• Company

• Sole proprietorship

All Members of a company resigned from it and surrender all their shares, then in this situatin will the company wind up and why/why not?

• Yes, seperate legal entity

• No, no seperate legal entity

• yes, limited liability

• No, unlinited liability

A Partner whose association with the firm is unknown to the general public is called

• Nominal partner

• Active partner

• secret partner

• Sleeping partner