Forms of Business Organisation Class 12 MCQs Questions with Answers

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

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

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

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

5. A__________ provides for the greatest degree of continuity:

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

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

8. The life of sole proprietorship business is ___________

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

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

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

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

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

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

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

16. Co-operatives play an important role in:

17. In case of ___________ Registration is compulsory

18. Hindu Succession Act was passed in _____________

19. In a cooperative society the principle followed is

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