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Worksheets

General knowledge

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

what is the limit of members in case of a private company ?

a)

2

b)

7

c)

10

d)

50

2.

The life of sole proprietorship business is

a)

unstable

b)

stable

c)

very short life

d)

long life

3.

Provision of residential accommodation to the members at reasonable rates is the objective of

a)

consumer cooperative

b)

credit cooperative

c)

housing cooperative

d)

producers cooperative

4.

the capital of a company is divided into number of parts each one of which are called

a)

share

b)

dividend

c)

profit

d)

interest

5.

the maximum number of partners allowed in the banking business are

a)

two

b)

twenty

c)

no limit

d)

ten

6.

In a corporative society the principle followed is

a)

one share one vote

b)

one man one vote

c)

no vote

d)

multiple votes

7.

The structure in which there is separation of ownership and management as per law is called

a)

company

b)

all business organisation

c)

partnership

d)

sole proprietorship

8.

cooperative play an important role in :

a)

aerospace

b)

agriculture

c)

manufacturing

9.

which of the following is a characteristics of a cooperative ?

a)

profits are not subject to income tax

b)

one vote per share

c)

dividends are paid on a per share basis

d)

all of the above

10.

A ------------ provides for the greatest degree of continuity

a)

general partnership

b)

joint venture

c)

corporation

d)

sole proprietorship

11.

which of the following is probably the most important reason for incorporating ?

a)

limited liability of shareholder

b)

more money for investment

c)

increased flexibility

d)

shared management

12.

A -------- partner is an owner who has unlimited liability and is active in managing the firm:

a)

senior partner

b)

general partner

c)

silent partner

d)

limited partner

13.

A ------- IS A BUSINESS WITH TWO OR MORE OWNERS :

a)

corporation

b)

conglomerate

c)

partnership

d)

public corporation

14.

Which of the following is an advantage of sole proprietorship ?

a)

ease of starting a business

b)

being your own boss

c)

pride of ownership

d)

all of the above

15.

The form of business organisation that has the largest sales volume is the :

a)

partnership

b)

corporation

c)

cooperative

d)

MNC

16.

In case of ------ registration is compulsory .

a)

sole proprietorship

b)

partnership

c)

none of these

d)

company

17.

Hindu succession act , was passed in

a)

1952

b)

1960

c)

1932

d)

1956

18.

A partner whose association with the firm is unknown to the general public is called

a)

active partner

b)

sleeping partner

c)

nominal partner

d)

secret partner

19.

The head of the joint hindu family business is called

a)

manager

b)

proprietor

c)

karta

d)

director

20.

At Least 10 adults , no maximum limit in case of

a)

cooperative society

b)

joint hindu family

c)

partnership

d)

company