11th-OC-Forms of Organization

Sole proprietorship business can be started by

• at least seven persons

• any one person

• at least two persons

• at least three persons

A sole proprietor has a limit in which of the following ability

• Managerial

• Owner

• Worker

• None of these

Sole Proprietorship is most suitable for

• Medium scale concerns

• Large Scale concerns

• Small scale concerns

• None of the above

The reason for the end of the sole proprietorship can be

• Insolvency

• Insanity

• Death

• All of the above

The members of a Co-operative Society have

• Unlimited liability

• Limited liability

• Joint and Several liability

• Joint liability

The principle followed in a co-operative society is

• No vote

• One man, one vote

• Multiple votes

• One share one vote

A company is formed by

• Government

• Directors

• Promoters

• Owners

The word limited should appear after the name of

• Partnership

• Registered company

• Statutory company

• None of these

The minimum members in public limited company are:

• 4

• 2

• 8

• 7

How many members have to sign a memorandum of association in case of a private company?

• 5

• 7

• 2

• 10