Forms of Business Organisation Class 12 MCQs Questions with Answers

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

2. The Head of the joint Hindu family business is called

3. The life of sole proprietorship business is ___________

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

5. In case of ___________ Registration is compulsory

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

7. At least 10 adults, no maximum limit in case of ________

8. Hindu Succession Act was passed in _____________

9. Which of the following is an advantage of a sole proprietorship?

10. The maximum number of partners allowed in the banking business are

11. Co-operatives play an important role in:

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

13. In a cooperative society the principle followed is

14. The structure in which there is separation of ownership and management as per law is called

15. The capital of a company is divided into number of parts each one of which are called

16. Provision of residential accommodation to the members at reasonable rates is the objective of

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

18. A__________ provides for the greatest degree of continuity:

19. What is the limit of members in case of a Private Company?

20. Which of the following is a characteristic of a co-operative?