Class 11 Business Studies
Forms of Business Organisation
NCERT Solution
MCQ Answer
Question 1: The structure in which there is separation of ownership and management is called
- Sole proprietorship
- Partnership
- Company
- All business organizations
Answer: (c) Company
Question 2: The karta in Joint Hindu family business has
- Limited liability
- Unlimited liability
- No liability for debts
- Joint liability
Answer: (b) Unlimited liability
Question 3: In a cooperative society the principle followed is
- One share one vote
- One man one vote
- No vote
- Multiple votes
Answer: (b) One man one vote
Question 4: The board of directors of a joint stock company is elected by
- General public
- Government bodies
- Shareholders
- Employees
Answer: (c) Shareholders
Question 5: The maximum number of partners allowed in the banking business are
- Twenty
- Ten
- No limit
- Two
Answer: (b) Ten
Question 6: Profits do not have to be shared. This statement refers to
- Partnership
- Joint Hindu family business
- Sole proprietorship
- Company
Answer: (c) Sole proprietorship
Quesiton 7: The capital of a company is divided into number of parts each one of which are called
- Dividend
- Profit
- Interest
- Share
Answer: (d) Share
Question 8: The Head of the joint Hindu family business is called
- Proprietor
- Director
- Karta
- Manager
Answer: (c) Karta
Question 9: Provision of residential accommodation to the members at reasonable rates is the objective of
- Producer’s cooperative
- Consumer’s cooperative
- Housing cooperative
- Credit cooperative
Answer: (c) Housing cooperative
Question 10: A partner whose association with the firm is unknown to the general public is called
- Active partner
- Sleeping partner
- Nominal partner
- Secret partner
Answer: (d) Secret partner
MCQ
Short Answer Type
Long Answer Type