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
  • A
    None of these
  • B
    Both Private and Public Company
  • C
    Public Company
  • D
    Private Company
    Correct
2
________ company needs to have only two directors.
  • A
    Sole Proprietorship
  • B
    Public Company
  • C
    None of these
  • D
    Private Company
    Correct
3
Which of the following is not a feature of Joint Stock Company?
  • A
    Separate legal entity
  • B
    Formation
  • C
    Lack of business continuity
    Correct
  • D
    Artificial 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 _______
  • A
    Partner by holding out
    Correct
  • B
    Active partner
  • C
    Sleeping partner
  • D
    Nominal partner
5
A person who allows the use of his name by a firm, but does not contribute to its capital is called ___________
  • A
    Dormant partner
  • B
    Nominal Partner
    Correct
  • C
    None of these
  • D
    Active 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 _____________
  • A
    None of these
  • B
    Secret Partner
    Correct
  • C
    Active Partner
  • D
    Nominal Partner
7
A person contributes capital but do not take part in the day to day activities of the business is called _____________
  • A
    Secret Partner
  • B
    Active partner
  • C
    Sleeping Partner
    Correct
  • D
    Nominal Partner
8
Partnership at will can continue _____________
  • A
    Till the date of retirement
  • B
    Till the registration ends
  • C
    As long as partners want
    Correct
  • D
    None of these
9
In _______ type of partnership, the liability of at least one partner is unlimited
  • A
    Limited Partnership
    Correct
  • B
    Partnership at will
  • C
    None of these
  • D
    General Partnership
10
The partnership deed generally includes the following
  • A
    Name of firm
  • B
    Location of business
  • C
    All of these
    Correct
  • D
    Nature of business
11
Partnership comes to an end in case of __________
  • A
    Insolvency
  • B
    Retirement of a partner
  • C
    All of these
    Correct
  • D
    Death of a partner
12
________is not legally required to publish its accounts and submit its reports.
  • A
    Government Company
  • B
    Listed Company
  • C
    Public Company
  • D
    Partnership
    Correct
13
The cooperative society is compulsorily required to be registered under the Cooperative Societies Act ________
  • A
    1956
  • B
    1952
  • C
    1932
  • D
    1912
    Correct
14
_________ is not a separate entity in the eyes of law
  • A
    Limited company
  • B
    Sole Proprietorship
    Correct
  • C
    Government company
  • D
    Public 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.
  • A
    Unlimited liability
  • B
    Compulsory Registration of partnership
  • C
    Limited liability
  • D
    Mutual Agency
    Correct