Forms of Business Organisations
Commerce ⇒ Business Studies
Forms of Business Organisations starts at 11 and continues till grade 12.
QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Forms of Business Organisations.
How you perform is determined by your score and the time you take.
When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.
See sample questions for grade 11
Define unlimited liability.
Explain the concept of ‘separate legal entity’ in the context of a company.
Explain the concept of mutual agency in partnership.
Explain the difference between a public company and a private company.
Explain the difference between limited liability and unlimited liability.
Explain the process of registration of a company in India.
Explain the term ‘Karta’ in a Joint Hindu Family business.
In a scenario where a sole proprietor dies, what happens to the business?
A Joint Hindu Family business is governed by which law? (1) Indian Partnership Act (2) Companies Act (3) Hindu Law (4) Cooperative Societies Act
Which of the following forms of business organisation enjoys perpetual succession? (1) Sole proprietorship (2) Partnership (3) Joint Stock Company (4) Joint Hindu Family business
Which of the following forms of business organisation is most suitable for small scale and retail business? (1) Sole proprietorship (2) Partnership (3) Cooperative society (4) Joint stock company
Which of the following is a document required for the incorporation of a company? (1) Partnership Deed (2) Memorandum of Association (3) HUF Deed (4) Share Certificate
A company is an artificial person created by ________.
A company is managed by its ________ of directors.
A company is said to have ________ succession.
A partner who does not take part in the day-to-day activities of the business is called a ________ partner.
A company can raise capital by issuing shares to the public. True or False?
A company can sue and be sued in its own name. True or False?
In a cooperative society, the principle followed is ‘one man, one vote’. True or False?
Is registration of a partnership firm compulsory in India? (Yes/No)
