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