Business Studies - Class XI - Chapter 2

At least 10 adults, no maximum limit in case of ________

• Cooperative Society

• Joint Hindu Family

• Partnership

• Company

What is the limit of members in case of a Private Company?

• 2

• 7

• 10

• 50

The life of sole proprietorship business is ___________

• Stable

• Unstable

• Very short life

• Long life

Provision of residential accommodation to the members at reasonable rates is the objective of

• Consumers cooperative

• Credit cooperative

• Housing cooperative

• Producers cooperative

The capital of a company is divided into number of parts each one of which are called

• Share

• Dividend

• Profit

• Interest

The maximum number of partners allowed in the banking business are

• Two

• Twenty

• No limit

• Ten

In a cooperative society the principle followed is

• One share one vote

• One man one vote

• No vote

• Multiple votes

The structure in which there is separation of ownership and management as per law is called

• Company

• Partnership

• All business organisations

• Sole Proprietorship

Co-operatives play an important role in:

• Aerospace

• Agriculture

• Manufacture

• All of the above

Which of the following is a characteristic of a co-operative?

• profits are not subject to income tax.

• one vote per share.

• dividends are paid on a per share basis.

• all of the above.