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WorksheetsGeneral knowledge
Total questions: 20
Worksheet time: 10mins
what is the limit of members in case of a private company ?
2
7
10
50
The life of sole proprietorship business is
unstable
stable
very short life
long life
Provision of residential accommodation to the members at reasonable rates is the objective of
consumer cooperative
credit cooperative
housing cooperative
producers cooperative
the capital of a company is divided into number of parts each one of which are called
share
dividend
profit
interest
the maximum number of partners allowed in the banking business are
two
twenty
no limit
ten
In a corporative society the principle followed is
one share one vote
one man one vote
no vote
multiple votes
The structure in which there is separation of ownership and management as per law is called
company
all business organisation
partnership
sole proprietorship
cooperative play an important role in :
aerospace
agriculture
manufacturing
which of the following is a characteristics of a cooperative ?
profits are not subject to income tax
one vote per share
dividends are paid on a per share basis
all of the above
A ------------ provides for the greatest degree of continuity
general partnership
joint venture
corporation
sole proprietorship
which of the following is probably the most important reason for incorporating ?
limited liability of shareholder
more money for investment
increased flexibility
shared management
A -------- partner is an owner who has unlimited liability and is active in managing the firm:
senior partner
general partner
silent partner
limited partner
A ------- IS A BUSINESS WITH TWO OR MORE OWNERS :
corporation
conglomerate
partnership
public corporation
Which of the following is an advantage of sole proprietorship ?
ease of starting a business
being your own boss
pride of ownership
all of the above
The form of business organisation that has the largest sales volume is the :
partnership
corporation
cooperative
MNC
In case of ------ registration is compulsory .
sole proprietorship
partnership
none of these
company
Hindu succession act , was passed in
1952
1960
1932
1956
A partner whose association with the firm is unknown to the general public is called
active partner
sleeping partner
nominal partner
secret partner
The head of the joint hindu family business is called
manager
proprietor
karta
director
At Least 10 adults , no maximum limit in case of
cooperative society
joint hindu family
partnership
company
