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MCQs for Forms of Business Organisation
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MCQs for Forms of Business Organisation
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25 Questions

1. At least 10 adults, no maximum limit in case of _______
2. A_____________partner is an owner who has unlimited liability and is active in managing the firm
3. The structure in which there is separation of ownership and management as per law is calle
4. In case of ___________ Registration is compulsor
5. The Head of the joint Hindu family business is calle
6. The karta in Joint Hindu family business ha
7. Co-operatives play an important role in
8. Hindu Succession Act was passed in ____________
9. A__________ provides for the greatest degree of continuity:
10. The board of directors of a joint stock company is elected b
11. The maximum number of partners allowed in the banking business ar
12. The major advantage of a franchise is
13. A partner who is not actually involved in the partnership but lends his name for public relations purposes is a
14. Which of the following is an advantage of a sole proprietorship
15. The form of business organization that has the largest sales volume is the
16. The life of sole proprietorship business is __________
17. The main disadvantage of a general partnership is
18. What is the limit of members in case of a Private Company
19. Which of the following is an example of a public corporation
20. A ___________ is a business with two or more owners
21. In a cooperative society the principle followed i
22. Provision of residential accommodation to the members at reasonable rates is the objective o
23. Profits do not have to be shared. This statement refers t
24. The most effective form of business organization for raising capital is the
25. The capital of a company is divided into number of parts each one of which are calle

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