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WorksheetsJoint Hindu family business
Total questions: 10
Worksheet time: 5mins
The Karta in joint Hindu family business has
Limited liability
Unlimited liability
No liability for debts
Joint liability
The head of the Hindu undivided family business is called
Proprietor
Director
Karta
Manager
Death or insanity of a member of the joint Hindu family business will bring its business to an end.
True
False
Which of the following is NOT the advantage of the joint Hindu family business?
Easy to start
Limited resources
Secrecy
Direct contact with customers
'Limited managerial skill' is the _____________ of joint Hindu family business.
Feature
Advantage
Limitation
None of the above
The liability of the members in a joint Hindu family business is (a)
Joint Hindu family business is run under ___________.
Hindu Law
Muslim Law
Which of the following is a specific form of business organisation where membership is by birth?
Sole proprietorship
Partnership
Cooperative society
Joint Hindu family business
What do you understand by the term 'unlimited liability'?
The personal assets of owner can be sold, only to a limited extent.
The personal assets of owner can be sold according to the wish of the creditors.
The personal assets of owner cannot be sold at all.
The personal assets of owner can be sold when the assets of the business are not enough to meet the debts of the business.
Name the act which governs Joint Hindu family business.
(a)
