Class 11 Business Studies

Forms of Business Organisation

NCERT Solution: MCQ

The structure in which there is separation of ownership and management is called

  • Sole proprietorship
  • Partnership
  • Company
  • All business organizations

    Answer: (c) Company

  • The karta in Joint Hindu family business has
    • Limited liability
    • Unlimited liability
    • No liability for debts
    • Joint liability

      Answer: (b) Unlimited liability
  • 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
  • The board of directors of a joint stock company is elected by
    • General public
    • Government bodies
    • Shareholders
    • Employees

      Answer: (c) Shareholders
  • The maximum number of partners allowed in the banking business are
    • Twenty
    • Ten
    • No limit
    • Two

      Answer: (b) Ten
  • Profits do not have to be shared. This statement refers to
    • Partnership
    • Joint Hindu family business
    • Sole proprietorship
    • Company

      Answer: (c) Sole proprietorship

  • The capital of a company is divided into number of parts each one of which are called
    • Dividend
    • Profit
    • Interest
    • Share

      Answer: (d) Share
  • The Head of the joint Hindu family business is called
    • Proprietor
    • Director
    • Karta
    • Manager

      Answer: (c) Karta
  • 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
  • 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