Forms of Business Organisation Class 12 MCQs Questions with Answers

1. Hindu Succession Act was passed in _____________

2. Co-operatives play an important role in:

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

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

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

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

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

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

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

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

11. The life of sole proprietorship business is ___________

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

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

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

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

16. In case of ___________ Registration is compulsory

17. A__________ provides for the greatest degree of continuity:

18. In a cooperative society the principle followed is

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

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