NEW
Font size
Worksheetseconomics
Total questions: 5
Worksheet time: 3mins
The concern that is owned and managed by a single person is called ------------
Partnership firm
Cooperative society
Sole Trading Concerns
Hindu Undivided Family
The Indian Partnership Act was passed in the year ------ to regulate the affairs of the partnership firms.
2002
1932
1947
1892
The Registrar Checks,and issues a certificate called -------------
Certificate of registration
Partnership deed
Karta
Certificate of law
One Amongst the following is a Demerit of a Partnership firm ?
Capital is limited and they cannot expand the business.
Any partner can file a case against the firm or other partners for dissolution of the firm.
They provide employment to some people.
Liability is unlimited ,so it discourages many people to join as partners.
what is an advantage of sole proprietorship ?
Sometimes there is disunity in the busniess
The managerial ability is limited
It can be started by own capital
All losses are borne by one person.
