Class 11 Forms Of Business Organisations CBSE Questions & Answers

Class 11 · Forms Of Business Organisations

This is Business Studies class 11 Forms of Business Organisations CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
The structure in which there is separation of ownership and management as per law is called
  • A
    Company
    Correct
  • B
    All business organisations
  • C
    Partnership
  • D
    Sole proprietorship
2
The karta in Joint Hindu family business has
  • A
    No liability for debts
  • B
    Unlimited liability
    Correct
  • C
    Joint liability
  • D
    Limited liability
3
In a cooperative society the principle followed is
  • A
    One share one vote
  • B
    One man one vote
    Correct
  • C
    No vote
  • D
    Multiple votes
4
The board of directors of a joint stock company is elected by
  • A
    General public
  • B
    Government bodies
  • C
    Shareholders
    Correct
  • D
    Employees
5
The maximum number of partners allowed in the banking business are
  • A
    Two
  • B
    Twenty
  • C
    No limit
  • D
    Ten
    Correct
6
Profits do not have to be shared. This statement refers to
  • A
    Company
  • B
    Sole proprietorship
    Correct
  • C
    Joint Hindu family business
  • D
    Partnership
7
The capital of a company is divided into number of parts each one of which are called
  • A
    Share
    Correct
  • B
    Dividend
  • C
    Profit
  • D
    Interest
8
The Head of the joint Hindu family business is called
  • A
    Manager
  • B
    Proprietor
  • C
    Karta
    Correct
  • D
    Director
9
Provision of residential accommodation to the members at reasonable rates is the objective of
  • A
    Consumer?s cooperative
  • B
    Credit cooperative
  • C
    Housing cooperative
    Correct
  • D
    Producer?s cooperative
10
A partner whose association with the firm is unknown to the general public is called
  • A
    Active partner
  • B
    Sleeping partner
  • C
    Nominal partner
  • D
    Secret partner
    Correct
11
The life of sole proprietorship business is ___________
  • A
    Unstable
    Correct
  • B
    Stable
  • C
    Very short life
  • D
    Long life
12
Hindu Succession Act was passed in _____________
  • A
    1952
  • B
    1960
  • C
    1932
  • D
    1956
    Correct
13
What is the limit of members in case of a Private Company?
  • A
    2
  • B
    7
  • C
    10
  • D
    50
    Correct
14
In case of ___________ Registration is compulsory
  • A
    Sole Proprietorship
  • B
    Partnership
  • C
    None of these
  • D
    Company
    Correct
15
At least 10 adults, no maximum limit in case of ________
  • A
    Cooperative Society
    Correct
  • B
    Joint Hindu Family
  • C
    Partnership
  • D
    Company