joint hindu family business

What is the minimum number of members required for a joint Hindu family business?

• Four

• three

• Two

• One

Who has unlimited liability in a joint Hindu family business?

• Next eldest member

• 
  

  Karta

  
  

• 
  Minors

• all members

What happens to the business after the death of the karta in a joint Hindu family business?

• Business is terminated

• Next eldest member takes over

• i will take over 😁

• All members leave the business

What is the main advantage of effective control by the karta in a joint Hindu family business?

• 
  Limited liability

• Interference by other members

• 
  Flexible decision making

• Conflicts among members

What is a limitation of a joint Hindu family business due to limited resources?

• Scope for expansion

• Decreased profits

• Unlimited capital

• Ancestral property

What is a disadvantage of the karta in a joint Hindu family business

• Limited liability

• 
  Decreased profits

• 
  Limited managerial skills

• Unlimited liability

What may cause conflict among members in a joint Hindu family business?

• 
  Decreased cooperation

• 
  

  Dominance of karta

  
  

• Limited resources

• Increased loyalty

Why is the joint Hindu family business on the decline?

• Why is the joint Hindu family business on the decline?

• 
  Decreasing number of joint Hindu families

• 
  Stable business operations

• improved managerial skills

What is the main advantage of loyalty and cooperation in a joint Hindu family business?

• 
  Limited liability

• 
  Decreased profits

• 
  Limited resources

• Increased loyalty