Forms of Business Organisation Class 12 MCQs Questions with Answers

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

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

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

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

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

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

7. The life of sole proprietorship business is ___________

8. A__________ provides for the greatest degree of continuity:

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

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

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

12. Hindu Succession Act was passed in _____________

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

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

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

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

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

18. In case of ___________ Registration is compulsory

19. Co-operatives play an important role in:

20. In a cooperative society the principle followed is