Forms of Business Organisation Class 12 MCQs Questions with Answers

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

2. In a cooperative society the principle followed is

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

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

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

6. A__________ provides for the greatest degree of continuity:

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

8. Co-operatives play an important role in:

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

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

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

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

13. Hindu Succession Act was passed in _____________

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

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

16. In case of ___________ Registration is compulsory

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

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

19. The life of sole proprietorship business is ___________

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