Business Studies/Business Studies-[Class 11-MCQS ]-Chapter 2 Forms of Business Organisation Sample Test,Sample questions

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

1.Active partner

2.Sleeping partner

3.Nominal partner

4.Secret partner


Question:
A ___________ is a business with two or more owners:

1.corporation

2.conglomerate

3.partnership

4.public corporation


Question:
At least 10 adults, no maximum limit in case of ______

1.Company

2.Cooperative Society

3.Joint Hindu Family

4.Partnership


Question:
A__________ provides for the greatest degree of continuity:

1.general partnership

2.joint venture

3.corporation

4. sole proprietorship


Question:
A_____________partner is an owner who has unlimited liability and is active in managing the firm:

1.senior partner

2.general partner

3.silent partner

4.limited partner


Question:
Co-operatives play an important role in:

1.aerospace

2.agriculture

3.manufacturing

4.all of the above


Question:
Hindu Succession Act was passed in _________

1.1952

2.1960

3.1932

4.1956


Question:
In a cooperative society the principle followed is

1.One share one vote

2.One man one vote

3.No vote

4.Multiple votes


Question:
In case of ___________ Registration is compulsory

1.Sole Proprietorship

2.Partnership

3.None of these

4.Company


Question:
Profits do not have to be shared. This statement refers to

1.Company

2.Sole proprietorship

3.Joint Hindu family business

4.Partnership


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

1.Consumers cooperative

2.Credit cooperative

3.Housing cooperative

4.Producers cooperative


Question:
The board of directors of a joint stock company is elected by

1.General public

2. Government bodies

3.Shareholders

4.Employees


Question:
The capital of a company is divided into number of parts each one of which are called

1.Share

2.Dividend

3.Profit

4.Interest


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

1.partnership

2.corporation

3.cooperative

4.multinational


Question:
The Head of the joint Hindu family business is called

1.Manager

2.Proprietor

3.Karta

4.Director


Question:
The karta in Joint Hindu family business has

1.No liability for debts

2.Unlimited liability

3.Joint liability

4. Limited liability


Question:
The life of sole proprietorship business is ______

1.Unstable

2.Stable

3.Very short life

4.Long life


Question:
The major advantage of a franchise is:

1.training and management assistance

2.personal ownership

3.nationally recognized name

4.all of the above


Question:
The maximum number of partners allowed in the banking business are

1.Two

2.Twenty

3.No limit

4.Ten


Question:
The most effective form of business organization for raising capital is the:

1. joint venture

2.partnership

3.corporation

4.proprietorship


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

1.Company

2.All business organisations

3.Partnership

4.Sole proprietorship


Question:
What is the limit of members in case of a Private Company?

1.2

2.7

3.10

4.50


Question:
Which of the following is a characteristic of a co-operative?

1.profits are not subject to income tax

2.one vote per share

3.dividends are paid on a per share basis

4.all of the above


Question:
Which of the following is an advantage of a sole proprietorship?

1.ease of starting a business

2.being your own boss

3.pride of ownership

4.all of the above


Question:
Which of the following is an example of a non profit organization?

1.Royal Bank

2.YMCA

3.BCE

4.Air Canada


Question:
Which of the following is probably the most important reason for incorporating?

1.limited liability of shareholders

2.more money for investment

3.increased flexibility

4.shared management


More MCQS

  1. Business Studies-[Class 11-MCQ ]-Chapter 1- Nature and Purpose of Business
  2. Business Studies-[Class 11-MCQS ]-Chapter 2 Forms of Business Organisation
  3. Business Studies-[Class 11-MCQS ]-Chapter 3 Private, Public and Global Enterprises
  4. Business Studies-[Class 11-MCQS ]-Chapter 4 Business Services
  5. Business Studies-[Class 11-MCQS ]-Chapter 5 Emerging Modes of Business
  6. Business Studies-[Class 11-MCQS ]-Chapter 6 Social Responsibilities of Business
  7. Business Studies-[Class 11-MCQS ]-Chapter 7 Formation of a Company
  8. Business Studies-[Class 11-MCQS ]-Chapter 8 Sources of Business Finance
  9. Business Studies-[Class 11-MCQS ]-Chapter 9 Small Business
  10. Business Studies-[Class 11-MCQS ]-Chapter 10 Internal Trade
  11. Business Studies-[Class 11-MCQS ]-Chapter 11 International Business
  12. Business Studies-[Class 11-MCQS ]-Chapter 12 International Business
  13. Business Studies-[Class 12-MCQS ]-Chapter 1 Nature and Significance of Management
  14. Business Studies-[Class 12-MCQS ]-Chapter 2 Principles of Management
  15. Business Studies-[Class 12-MCQS ]-Chapter 3 Business Environment
  16. Business Studies-[Class 12-MCQS ]-Chapter 4 Planning
  17. Business Studies-[Class 12-MCQS ]-Chapter 5 Organising
  18. Business Studies-[Class 12-MCQS ]-Chapter 6 Staffing
  19. Business Studies-[Class 12-MCQS ]-Chapter 7 Directing
  20. Business Studies-[Class 12-MCQS ]-Chapter 9 Financial Management
  21. Business Studies-[Class 12-MCQS ]-Chapter 10 Financial Market
  22. Business Studies-[Class 12-MCQS ]-Chapter 11 Marketing
  23. Business Studies-[Class 12-MCQS ]-Chapter 12 Consumer Protection
Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!