WorksheetsForms of Business Organisations- Part 1
Total questions: 12
Worksheet time: 4mins
Sole Proprietors have ________ liability
Limited
Unlimited
Joint and Limited
Joint and Unlimited
It is not possible to maintain secrecy and confidentiality in sole proprietorship
The statement is true
The statement is false
Depends on the nature of business
Depends on the size of business
Sole proprietorship business is best suited for
large scale
small scale
medium scale
all of these
The identity of a sole trader is (a) from his business
Why do banks and financing institutions hesitate to lend loans to sole proprietors?
Is it mandatory for a sole proprietor to obtain license?
Yes
No
Depends on the situation
What are the two ways by which a sole proprietor can expand his/her business?
What is the minimum number of members required for a Joint Hindu Family Buiness?
1
2
3
4
What are the two systems of inheritance under Hindu Law ?
What is the nature of liability of the coparceners in a Joint Hindu Family Business?
Which Law governs Joint Hindu Family Business?
Hindu Succession Act 1956
Joint Hindu Business Act 1954
Hindu Undivided Family Act 1954
Hindu Succession Act 1952
Since the Karta cant be an expert in all areas of management, the business may suffer as a result of unwise decision. Which limitation of JHF is reflected here?
