Forms of Business Organisation Class 12 MCQs Questions with Answers

1. In case of ___________ Registration is compulsory

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

3. Hindu Succession Act was passed in _____________

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

5. In a cooperative society the principle followed is

6. The life of sole proprietorship business is ___________

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

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

9. Co-operatives play an important role in:

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

11. A__________ provides for the greatest degree of continuity:

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

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

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

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

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

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

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

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

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