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WorksheetsForms of business Organisation
Total questions: 20
Worksheet time: 10mins
Name the cooperative society that provides loan to its members at easy terms and reasonable interest
Marketing Cooperative societies
Consumers Cooperative Societies
Credit Cooperative societies
Credit Cooperative societies
Name the act that grants equal coparcenery rights to girl child of the family.
Hindu succession Act, 1956
Companies Act, 2013
Indian Partnership Act, 1932
Hindu Succession act, 2005
Identify the liability of Minor in Joint Hindu Family Business.
Limited
Unlimited
Which is not limitation of sole proprietorship form of business?
Limited Resources
Limited Managerial Skill
Limited liability
Lack of continuity
Meaning of Unlimited liability is
unlimited resources may be use
Unlimited payment is to be done
Personal property of proprietor will be use to pay business debt
unlimited time for business
Mention the maximum number of partners in partnership and under which Act it is mention.
100, Indian Partnership Act 1945
50, Indian Partnership Act, 1932
50, Companies Act 2013
100, Companies Act 2015
Can Partnership be carried on without having agreement in writing?
Yes
NO
Name the partner who does not contribute capital for business but held liable to outsiders.
Partner by estoppel
Secret Partner
Active Partner
Dormant Partner
Name the partnership in which liability of one partner is limited and the liability of remaining partners unlimited.
Partnership at will
General Partnership
Limited Liability Partnership
Particular Partnership
Name the partnership in which partners can close partnership by giving notice.
Partnership at will
General Partnership
Limited Liability Partnership
Particular Partnership
Name the types of company which require to maintain the index of its members.
One person company
Joint stock company
Public Company
Private Company
"One person company can be formed by one person and that one person must be natural person". state
True
False
Name the type of company that allow its members to transfer its shares
One person company
Private Company
Public Company
Promoter is one who
arrange the resources for business
get approval for name
conceive business idea
All of above
A private company can start its operation after completing
Promotion Stage
Registration Stage
Capital Subscription Stage
Any time on the will of company
How many signatories are required for memorandum of association in case of public company?
7
5
2
3
Name the document that is called Charter of Company.
Memorandum of Association
Consent of Proposed directors
Article of Association
Name approval Letter
Name the document which is not required by public company, if they are following Table F of Company Act
Article of Association
Memorandum of Association
Name approval Letter
Consent of Proposed directors
Name the document that specify the company relation with outside world.
Consent of Proposed directors
Article of Association
Prospectus
Memorandum of Association
The most important document used in partnership business is (a) .
