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Business License

Total questions: 9

Worksheet time: 5mins

Name
Class
Date
1.

What is the full form of ISBN?

a)
International Standard Bibliographic Number
b)
International Standard Book Number
c)
International Standard Book Numbering
d)

International Standard Bibliographic Name

2.

Which type of business registration is suitable for a single individual who wants to own and operate a business?

a)
Limited Liability Company (LLC)
b)
Partnership
c)

Private Limited Company

d)

Proprietorship

3.

To register a business specifically in Maharashtra, what business license is required?

a)

Gumastha Registration

b)

Import-Export License

c)

Proprietorship

d)

Trade License

4.

Which license is required for businesses involved in international trade?

a)
Business License
b)
Import/Export License
c)
Sales Tax Permit
d)
Local Operating License
5.

What does the acronym LLC stand for in business registration?

a)

Limited Liability Corporation

b)

Limited Liability Company

c)

Local Liability Company

d)

Limited Liability Certification

6.

What does the acronym GST stand for in the context of business?

a)

General Sales Tax

b)

Goods and Services Tax

c)

Global Sales Tax

d)

Government Service Tax

7.

What does the acronym TIN stand for in taxation?

a)

Tax Identification Number

b)

Tax Information Number

c)

Transaction Identification Number

d)

Taxpayer Identification Number

8.

What is the full form of an LLP license in the context of business?

a)
Limited Liability Provision
b)
Limited Liability Partnership
c)

Legal Liability Partnership

d)

Limited Liability Private

9.

Can an LLP license be registered by a single person?

a)

Yes

b)

No

c)

Only under certain circumstances

d)

Depends on the jurisdiction