bom(2025-26)

 

1. The simplest and oldest form of business organisation is:

• a) Partnership

• b) Sole Proprietorship

• c) Company

• d) Cooperative Society

 

2. In a sole proprietorship, the liability of the owner is:

• a) Limited

• b) Unlimited

• c) Zero

• d) Shared

 

3. Which of the following is formed by at least two persons?

• a) Sole proprietorship

• b) Partnership

• c) Company

• d) Cooperative Society

4. The maximum number of partners in a partnership firm (as per Indian Companies Act, 2013) is:

• a) 20

• b) 50

• c) 100

• d) 200

 

5. Which form of business organisation enjoys perpetual succession?

• a) Sole Proprietorship

• b) Partnership

• c) Company

• d) Joint Hindu Family Business

6.Who is the head of a Joint Hindu Family business?

• a) Partner

• b) Proprietor

• c) Karta

• d) Director

7. In a partnership, the agreement between partners is known as:

• a) Partnership Contract

• b) Partnership Deed

• c) Partnership Bond

• d) Partnership Agreement

8. In which form of organisation do members usually have the principle of “one man one vote”?

• a) Partnership

• b) Company

• c) Cooperative Society

• d) Sole Proprietorship

9. Which form of organisation is suitable for large-scale business with huge capital requirement?

• a) Sole Proprietorship

• b) Partnership

• c) Company

• d) Cooperative Society

10. The liability of shareholders in a company is:

• a) Unlimited

• b) Joint

• c) Limited to shares held

• d) None