Worksheetsbusiness studies_11_2&3 chap(22-23)
Total questions: 10
Worksheet time: 2mins
_______________________ risk means chance of loss without any possibility of gain
pure
speculative
natural
economic
Service which helps in removing hindrance of knowledge
Transport
Insurance
Advertising
warehousing
Which of the broad categories of industries covers oil refinery and sugar mills ?
Tertiary
secondary
Primary
None of these
In ancient India, documents such as ______ and ______ were in use for carrying our transactions in which money passed from hand to hand.
hundi, chitti
cheque, bills
hundi, cheques
none of these
The Karta in HUF has
limited liability
Unlimited liability
No liability
Joint liability
The minimum number of members in an OPC is
2
3
1
5
A document containing terms and conditions of partnership
Bill
Agreement
Hundi
Partnership deed
Which form of Organization has a complex procedure of forming it?
Partnership
HUF
Company
Sole proprietorship
All Members of a company resigned from it and surrender all their shares, then in this situatin will the company wind up and why/why not?
Yes, seperate legal entity
No, no seperate legal entity
yes, limited liability
No, unlinited liability
A Partner whose association with the firm is unknown to the general public is called
Nominal partner
Active partner
secret partner
Sleeping partner
