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WorksheetsDr. Mitesh Popat's Quiz on Forms of Business Organisation
Total questions: 20
Worksheet time: 15mins
At least 10 members are required to form____________
Patnership
Cooperative Society
Joint stiock company
All of the above
Maximum members allowed in case of private company is ___
20
30
10
50
The life span of sole proprietorship is ________
Stable
Unstable
Permenant
All of the above
The capital of company is divided into number of parts and each part is known as __
Capital
Borrowing
Shares
None of these
Maximum number of partners allowed in banking sector are ____
20
10
30
5
The maximum numbers of parteners allowed in sectors other than bank is _________
10
15
20
30
The structure in which there is sepration of ownership and management is called _________
Joint Stock Company
Sole proprietorship
Both A and B
NOne of the above
____ is characteristic of cooperative society
One person one vote
One vote per share
profit is subject to income tax
All of the above
In JHFB _______ has unlimited liability .
Member
HUF
Karta
All of the above
The eldest person of the HUF is known as Coparcener.
True
False
THe existence of __________ partner is not known to public.
Active
Dormant
Secret
None of these
______ type of partnership was not allowed before 1991.
Limited Liability Partnership
Unlimited Liability Partnership
Specific Libility Partnership
None of the above
________ partenr allows to use his / her name to be used in partnership firm as a partner.
Secret
Nominal
Active
Holding out
Registration of __________ compulsory.
Partnership
Sole Proprietorship
Joint Stock Company
All of the above
Hindu Succession Act was passed in _______
2016
1956
2010
2001
________ is head of JHFB.
KARTA
Member
Manager
None of these
The profit is not shared with any in case of __________
Partnership
COPS
Joint Stock Company
Sole Proprietorship
Main disadvantage of unlimited partnership is __________
Unlimited Liability
Limited Liability
Resptricted capital
None of these
The simplest form of business from the point of view of establishment
Sole Proprietorship
Partnership
JSC
JHFB
______________ is considered as birth certificate of the company.
Certificate of Incorporation
Certificate of Commencement
Certificate of Capital Subscription
All of the above
