CBSE  /  Class 11  /  Business Studies  /  Forms of Business Organisation

  • 1. 
    A__________ provides for the greatest degree of continuity:

  • general partnership.
  • joint venture.
  • corporation.
  • sole proprietorship.

  • 2. 
    Which of the following is probably the most important reason for incorporating?

  • limited liability of shareholders.
  • more money for investment.
  • increased flexibility.
  • shared management.

  • 3. 
    A_____________partner is an owner who has unlimited liability and is active in managing the firm:

  • senior partner.
  • general partner.
  • silent partner.
  • limited partner.

  • 4. 
    A ___________ is a business with two or more owners:

  • corporation.
  • conglomerate.
  • partnership.
  • public corporation.

  • 5. 
    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.

  • 6. 
    The form of business organization that has the largest sales volume is the:

  • partnership.
  • corporation.
  • cooperative.
  • multinational.

  • 7. 
    In case of ___________ Registration is compulsory

  • Sole Proprietorship
  • Partnership
  • None of these
  • Company

  • 8. 
    Hindu Succession Act was passed in _____________

  • 1952
  • 1960
  • 1932
  • 1956

  • 9. 
    A partner whose association with the firm is unknown to the general public is called

  • Active partner
  • Sleeping partner
  • Nominal partner
  • Secret partner

  • 10. 
    The Head of the joint Hindu family business is called

  • Manager
  • Proprietor
  • Karta
  • Director
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