Types of Borrowers Quiz
Authored by UNNATI PARMAR
Other
Professional Development
Used 3+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business owned by an individual under a trade name or his own name in case of Professionals?
Proprietorship
Partnership firm
Limited Liability Partnership
OPC
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the liability of a Partnership firm?
Unlimited
Limited
Perpetual
None
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the key person in a Limited Liability Partnership?
Proprietor
Partners
Designated Partners
Shareholders
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the maximum number of partners in a Limited Liability Partnership?
50
Unlimited
200
None
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of a Private Limited Company?
A company that has only ONE PERSON as its member/share holder
A legal entity where a GROUP of people come together to form a company
A company with unlimited liability
None of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the minimum number of shareholders required for a Public Limited Company?
1
2
7
None
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the liability of a Trust?
Limited
Unlimited
Perpetual
None
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
