At least 10 adults, no maximum limit in case of ________
  • Cooperative Society
  • Joint Hindu Family
  • Partnership
  • Company
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
  • Consumers 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 cooperative 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 organisations
  • Partnership
  • Sole proprietorship
Co-operatives play an important role in:
  • aerospace.
  • agriculture.
  • manufacturing.
  • all of the above.
Which of the following is a characteristic of a co-operative?
  • 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 shareholders.
  • 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 a sole proprietorship?
  • ease of starting a business.
  • being your own boss.
  • pride of ownership.
  • all of the above.
The form of business organization that has the largest sales volume is the:
  • partnership.
  • corporation.
  • cooperative.
  • multinational.
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
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