Forms of Business Organisation Class 12 MCQs Questions with Answers

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

2. The life of sole proprietorship business is ___________

3. Co-operatives play an important role in:

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

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

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

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

8. In a cooperative society the principle followed is

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

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

11. In case of ___________ Registration is compulsory

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

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

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

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

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

17. Hindu Succession Act was passed in _____________

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

19. A__________ provides for the greatest degree of continuity:

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