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Class 11 Business Studies
Forms Of Business Organisation
Quiz 1
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At least 10 adults, no maximum limit in case of ________
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Cooperative Society
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Joint Hindu Family
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Partnership
0%
Company
Explanation
Cooperative Society
What is the limit of members in case of a Private Company?
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2
0%
7
0%
10
0%
50
Explanation
50
The life of sole proprietorship business is ___________
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Unstable
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Stable
0%
Very short life
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Long life
Explanation
Unstable
Provision of residential accommodation to the members at reasonable rates is the objective of
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Consumers cooperative
0%
Credit cooperative
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Housing cooperative
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Producers cooperative
Explanation
Housing cooperative
The capital of a company is divided into number of parts each one of which are called
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Share
0%
Dividend
0%
Profit
0%
Interest
Explanation
Share
The maximum number of partners allowed in the banking business are
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Two
0%
Twenty
0%
No limit
0%
Ten
Explanation
Ten
In a cooperative society the principle followed is
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One share one vote
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One man one vote
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No vote
0%
Multiple votes
Explanation
One man one vote
The structure in which there is separation of ownership and management as per law is called
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Company
0%
All business organisations
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Partnership
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Sole proprietorship
Explanation
Company
Co-operatives play an important role in:
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aerospace.
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agriculture.
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manufacturing.
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all of the above.
Explanation
agriculture.
Which of the following is a characteristic of a co-operative?
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profits are not subject to income tax.
0%
one vote per share.
0%
dividends are paid on a per share basis.
0%
all of the above.
Explanation
profits are not subject to income tax.
A__________ provides for the greatest degree of continuity:
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general partnership.
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joint venture.
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corporation.
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sole proprietorship.
Explanation
corporation.
Which of the following is probably the most important reason for incorporating?
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limited liability of shareholders.
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more money for investment.
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increased flexibility.
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shared management.
Explanation
limited liability of shareholders.
A_____________partner is an owner who has unlimited liability and is active in managing the firm:
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senior partner.
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general partner.
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silent partner.
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limited partner.
Explanation
general partner.
A ___________ is a business with two or more owners:
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corporation.
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conglomerate.
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partnership.
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public corporation.
Explanation
partnership.
Which of the following is an advantage of a sole proprietorship?
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ease of starting a business.
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being your own boss.
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pride of ownership.
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all of the above.
Explanation
all of the above.
The form of business organization that has the largest sales volume is the:
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partnership.
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corporation.
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cooperative.
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multinational.
Explanation
corporation.
In case of ___________ Registration is compulsory
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Sole Proprietorship
0%
Partnership
0%
None of these
0%
Company
Explanation
Company
Hindu Succession Act was passed in _____________
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1952
0%
1960
0%
1932
0%
1956
Explanation
1956
A partner whose association with the firm is unknown to the general public is called
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Active partner
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Sleeping partner
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Nominal partner
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Secret partner
Explanation
Secret partner
The Head of the joint Hindu family business is called
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Manager
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Proprietor
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Karta
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Director
Explanation
Karta
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