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Worksheetsforms of business organisation
Total questions: 20
Worksheet time: 10mins
There is a separate law that governs sole proprietorship.
true
false
Marketing cooperative society is established to help small producers in selling their products.
True
False
A nominal partner is one who allows the use his/her name by a firm, but does not contribute capital.
True
False
Which type of business organisation is the most popular and suitable for Small business.
a) Joint Hindu Family
b) Sole Proprietorship
c) Partnership
d) Cooperative society
The Act which governs the formation of a partnership business is Indian Partnership Act.
(a). 1932
(b). 1956
(c). 1949
(d). 1912
The minimum number of members required to form a cooperative society is-
a) Five
b) Ten
c) Twenty
d) Two
Name the type of partner.
(a)
Identify the type of form of business organisation
(a)
Identify the type of cooperative societies
(a)
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 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
The head of the family, in Hindu Undivided family is called ---------------.
(a)
The most important document used in partnership business is (a) .
