Quiz  /  Sole Proprietorship Class 11 MCQ Questions With Answers

  • 1. 
    Which of the following is not the feature of the sole trade?

  • Individual ownership
  • Limited liability
  • Secrecy
  • Undivided risk

  • 2. 
    Which of the following is the limitation of the Sole trader?

  • Unlimited liability
  • Limited source of capital
  • Unbalanced management
  • All of the above

  • 3. 
    Which of the following is not the advantage of the sole trader?

  • Easy formation
  • Quick decision
  • Unlimited liability
  • Personal control

  • 4. 
    Sole Proprietorship is most suitable for

  • Medium scale concerns
  • Large scale concerns
  • Small scale concerns
  • None of the above

  • 5. 
    A sole proprietor has

  • Limited liability
  • Unlimited liability
  • No liability for debts
  • Joint liability

  • 6. 
    For starting Sole proprietorship, expert persons and enough capital are required.

  • True
  • False

  • 7. 
    Sole proprietorship is more suitable for large-scale business.

  • True
  • False

  • 8. 
    Is a sole proprietor bound to publish his/her business accounts?

  • Yes
  • No

  • 9. 
    The sole trade is useful for beauty parlour.

  • True
  • False

  • 10. 
    Profits do not have to be shared. This statement refers to

  • Partnership
  • Joint Hindu family business
  • Sole proprietorship
  • Company
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