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
__________ company does not invite public to subscribe to its share capital
- ANone of these
- BBoth Private and Public Company
- CPublic Company
- DPrivate CompanyCorrect
2
________ company needs to have only two directors.
- ASole Proprietorship
- BPublic Company
- CNone of these
- DPrivate CompanyCorrect
3
Which of the following is not a feature of Joint Stock Company?
- ASeparate legal entity
- BFormation
- CLack of business continuityCorrect
- DArtificial person
4
A person who is not a partner in a firm but knowingly allows himself to be represented as a partner in a firm is called _______
- APartner by holding outCorrect
- BActive partner
- CSleeping partner
- DNominal partner
5
A person who allows the use of his name by a firm, but does not contribute to its capital is called ___________
- ADormant partner
- BNominal PartnerCorrect
- CNone of these
- DActive partner
6
A person who contributes capital, takes part in management, shares profits/losses and has unlimited liability towards the creditors but unknown to the general public is called _____________
- ANone of these
- BSecret PartnerCorrect
- CActive Partner
- DNominal Partner
7
A person contributes capital but do not take part in the day to day activities of the business is called _____________
- ASecret Partner
- BActive partner
- CSleeping PartnerCorrect
- DNominal Partner
8
Partnership at will can continue _____________
- ATill the date of retirement
- BTill the registration ends
- CAs long as partners wantCorrect
- DNone of these
9
In _______ type of partnership, the liability of at least one partner is unlimited
- ALimited PartnershipCorrect
- BPartnership at will
- CNone of these
- DGeneral Partnership
10
The partnership deed generally includes the following
- AName of firm
- BLocation of business
- CAll of theseCorrect
- DNature of business
11
Partnership comes to an end in case of __________
- AInsolvency
- BRetirement of a partner
- CAll of theseCorrect
- DDeath of a partner
12
________is not legally required to publish its accounts and submit its reports.
- AGovernment Company
- BListed Company
- CPublic Company
- DPartnershipCorrect
13
The cooperative society is compulsorily required to be registered under the Cooperative Societies Act ________
- A1956
- B1952
- C1932
- D1912Correct
14
_________ is not a separate entity in the eyes of law
- ALimited company
- BSole ProprietorshipCorrect
- CGovernment company
- DPublic company
15
As per the _________ partnership business can be carried on by all the partners or any one of the partners can act for all.
- AUnlimited liability
- BCompulsory Registration of partnership
- CLimited liability
- DMutual AgencyCorrect