WorksheetsBusiness Studies Quiz 11th (Ch- 1 & 2)
Total questions: 15
Worksheet time: 5mins
Person X is a Charted Accountant and he is working in a firm. What type of Economic activity X is involved in?
Business
Employment
Profession
Both Profession and Employment
Business Risk arises due to
Natural Cause
Economic Cause
Human Cause
All of The Above
A is a doctor who runs a clinic in morning, in evening he goes to Community Centre to treat patients . Which human activity A is involved?
Morning - Job; Evening - Business
Morning - Profession; Evening - Business
Morning - Employment; Evening - Profession
None Of The Above
Business involves dealing in goods and service on a regular and recurring basis.
True
False
There is a firm X, A is a partner in that firm who does not participates in management, but has share in profit. What type of partner in A?
Active Partners
Secret Partners
Sleeping Partners
Partners By estoppel
Profession does not require any minimum qualification.
True
False
A is person who sold his phone for 10,000. After a few months he sold his laptop for 30,000. A is a businessman now.
Yes
No
Which of the following cannot be classified as an objective of business?
Investment
Savings
Growth
Profit Saving
Persons A, B & C are in a partnership, but only A has unlimited liability. Which type of the partnership are A, B & C in?
General Partnership
Particular Partnership
Limited Partnership
Both Particular and Limited Partnerships
Minimum number of members to form a private company is
2
3
5
7
C is a person who is now a Chartered Accountant. To practice as a CA he needs to become a member of which professional association?
Institute of Cost Accountants of India
Institute of Charted Accountants of India
Association of Charted Accountants of India
Council of Cost Accountants of India
Death of Sole Proprietorship will bring the business to and end.
True
False
Persons α, β & γ are in a partnership for three years. If α dies, what will happen to the partnership?
Partnership gets dissolved
β & γ, will continue partnership
Nothing will happen
None Of The Above
In which type of company there is no restriction on the transfer of shares ?
One Person Company
Public Company
Private Company
All Of The Above
Members of the Board of Directors of a joint stock company is elected by
General Public
Government Organization
Shareholders
Employees
