Forms of Business Organisation Class 12 MCQs Questions with Answers

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

2. In a cooperative society the principle followed is

3. Hindu Succession Act was passed in _____________

4. In case of ___________ Registration is compulsory

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

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

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

8. The life of sole proprietorship business is ___________

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

10. Co-operatives play an important role in:

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

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

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

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

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

16. A__________ provides for the greatest degree of continuity:

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

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

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

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