Q1llb

Identify the business: One person manages the affairs

• Partnership

• Cooperative Society

• Trust

• Sole Proprietorship

Identify the business: Unlimited liability is shared joint and severally between two or more people

• Sole Proprietorship

• LLP

• Partnership

• Cooperative Society

Legal Person can be Natural or Artificial/Juristic. Company is the latter.

• True

• False

The process of ____ attributes company with the personality of a person.

• Registration

• Liquidation

• Incorporation

• Gestation

Joint Venture is a form of business where parties do not lose their distinct identities.

• False

• True

Which feature of a Corporate Body allows it to continue for long time period as a going concern

• Separate Property

• Perpetual Succession

• Power to Sue

• Separate Legal Entity

Company can be based on

• Shares

• Both Shares and Guarantee

• None

• Guarantee

Choose the odd one out which is impossible

• Company with Unlimited Liability

• Company (Unlimited liability) with limited guarantee

• Company with shares and guarantee both

• Company (Unlimited Liability) with Shares

Khaitan and Partners {CIN No.: U74900DL2016PTC282031} is a company.

• True

• FALSE

Parent Company of ZEPTO is

• Avenue Supermarts Ltd.

• Kiranakart Technologies Pvt. Ltd.

• Aravindkart Tech Pvt. Ltd.

• None of the Above