BUSINESS STUDIES

Which of the following form of business interprises suffer from lack of public confidence because they are not require to publish its accounts legally?

• partnership

• cooperative society

• company

• none of the above

To start a partnership business, what should be the minimum number of partners

• 2

• 10

• 4

• 20

What type of agreement is used to form a partnership business?

• Written agreement

• Oral agreement

• Written or oral agreement

• None of them

In partnership, partners liabilities are

• limited

• unlimited

• Limited to the capital of the business

• Both A and C

It is a form of business which is owned and controlled by an individual who is the recipient of all profits and bearer of all risks. Identify the concept ?

• partnership

• join stock company

• cooperative society

• sole proprietorship

A prospectus is issued by

• private company

• public company

• Statutory corporation

• departmental undertaking

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

• active partner

• nominal partner

• secret partner

• sleeping partner

Which of this is not a partnership deed?

• profit earned every year

• name of firm

• duration of firm

• obligations of the partner

Which 2 types of partners give an impression that these are partners of the firm but in reality they are not ?

• nominal and sleeping partner

• active and partner by estoppel

• partners by estoppel and partners by holding out

• nominal and partners by holding out

In which type of partner "person is represented as a partner and he does not deny such impression"

• nominal partner

• dormant partner

• partner by estoppel

• partner by holding out