Forms of Business Organisation Class 12 MCQs Questions with Answers

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

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

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

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

5. In a cooperative society the principle followed is

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

7. The life of sole proprietorship business is ___________

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

9. A__________ provides for the greatest degree of continuity:

10. Hindu Succession Act was passed in _____________

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

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

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

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

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

16. In case of ___________ Registration is compulsory

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

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

19. Co-operatives play an important role in:

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