Forms of Business Organisation Class 12 MCQs Questions with Answers

1. Hindu Succession Act was passed in _____________

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

3. In case of ___________ Registration is compulsory

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

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

6. Co-operatives play an important role in:

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

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

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

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

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

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

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

14. In a cooperative society the principle followed is

15. A__________ provides for the greatest degree of continuity:

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

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

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

19. The life of sole proprietorship business is ___________

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