Business Studies Quiz

What auxiliary to trade removes the hindrance of time?

• Warehousing

• Banking & Finance

• Transport

• Insurance

The minimum amount of paid-up capital for a public company is determined at

• ^{Rs. 10,00,000}

• Rs. 5,00,000

• Rs. 1,00,000

• Rs. 7,00,000

---------- is one who is represented as a partner and does not deny impression, despite being aware of the fact

Suppose Akash is a shareholder in a company holding 200 shares of 10 each on which he has already paid 6 per share. In the event of losses or the company's failure to pay debts, Akash is liable to pay

• Rs. 2000

• Rs. 1200

• Rs. 800

• Rs. 3200

--------- is the written agreement, which specifies the terms and conditions that govern the partnership.

Which of the following is a merit of Sole Proprietorship?

• Quick Decision Making

• Balance Decision-Making

• Ease of Formation and Closure

• Sharing of Risks

---------- is a voluntary association of small independent producers who desire to sell their output through one centralized agency

A partnership firm may be registered under the Indian Partnership Act,---------

• 1949

• 1956

• 1932

• 1957

What is not a feature of cooperative society__

• Voluntary membership

• Legal status

• Control

• Unlimited liability

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

• Share

• Dividend

• Profit

• Interest