Forms of Business Organisation Class 12 MCQs Questions with Answers

1. The life of sole proprietorship business is ___________

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

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

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

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

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

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

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

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

10. In case of ___________ Registration is compulsory

11. Hindu Succession Act was passed in _____________

12. In a cooperative society the principle followed is

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

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

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

16. A__________ provides for the greatest degree of continuity:

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

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

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

20. Co-operatives play an important role in: