1. A sole
proprietorship is the ___________ form of organisation.
(private sector,
public sector, none of these two)
2. A sole
proprietorship has ___________ owner/owners/
(one, two
unlimited)
3. A
proprietor has ______________ liability.
(unlimited,
limited, restricted)
4. A sole
trading concern ensures ______________ business secrecy.
(minimum, maximum,
limited)
5. Business
organization which is controlled by Hindu Succession Act is known as
______________
(Joint
stock company, partnership firm, Joint Hindu Family firm)
6. The
members of Hindu Undivided family business are called __________
(Karta,
partners, co –
parceners)
7. Limited
managerial skill is the ___________ of Joint Hindu Family business.
(feature, limitation,
advantage)
8. The
Karta in Joint Hindu Family Business has ______________ liability.
(unlimited,
limited, joint)
9. The Head
of Joint Hindu Family business is called as ____________
(Proprietor,
Karta,
Director)
10. The
maximum number of partners for a firm carrying on banking business is
_______________
(Ten,
Twenty, Seven)
11. Indian
Partnership Act was passed in the year ________________
(1932,
1923, 1942)
12.
Registration of partnership firm is ______________ in Maharashtra.
(Compulsory,
no compulsory, optional)
13. In
partnership firm the liability of partners is ____________
(limited, unlimited,
none of these)
14. In a
partnership firm every partner is the principal as well as the ____________
(agent,
karta, partner)
15. At
least ________________ Persons are required to form a partnership firm.
(two,
one, three)
16. The
maximum number of members in a private limited company are __________
(50, 40,
20)
17. The
liability of the shareholders in the public limited joint stock company is
______________
(limited,
unlimited, collectively)
18. The
elected representatives of shareholders are called ______________
(Directors,
Members, Owners)
19. A joint
stock company is an Artificial person created by _____________
(law,
public, directors)
20.
Registration of a Joint stock company is _______________
(compulsory,
not necessary, optional)
21. The
minimum numbers of persons required for the registration of a private company
is _________________
(5, 2, 7)
22. The
minimum number of Directors in a public company are ______________
(two, three,
five)
23. The
minimum amount of paid up capital for public company is _______________
(five lakhs,
one lakh, ten lakhs)
24. The
minimum of members allowed in a co – operative society is ___________
(20, 10, 7)
25. In a co
– operative society the principle followed is _______________
(one share
one vote, one
man one vote, no vote)
26. The co
– operative societies Act was passed in the year __________
(1932, 1912, 1956)
27. The
Maharashtra State co – operative societies Act was came in force in
_____________
(1956, 1960,
1932)
28. While selecting
the place of business ________________ is important.
(locality,
region, capital)
29. From the
point of continuity ___________________ business organizations is the most suitable.
(company,
partnership. sole proprietorship)
