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

1

(a)

Sole proprietorship

(b)

Partnership

(c)

Company

(d)

All business organizations

In a cooperative society the principle followed is:

1

(a)

One share one vote

(b)

One man one vote

(c)

No vote 

(d)

Multiple votes

The maximum number of partners allowed in the banking business are:

1

(a)

Twenty

(b)

Ten

(c)

No limit 

(d)

Two

Profits do not have to be shared. This statement refers to:

1

(a)

Partnership 

(b)

Joint Hindu family business

(c)

Sole proprietorship

(d)

Company

The capital of a company is divided into number of parts each one of which are called

1

(a)

Dividend

(b)

Profit

(c)

Interest

(d)

Share

Provision of residential accommodation to the members at reasonable rates is the objective of

1

(a)

Producer's cooperative 

(b)

Consumer's objective

(c)

Housing cooperative

(d)

Credit cooperative

A partner whose association with the firm is unknown to the general public is called

1

(a)

Active partner

(b)

Sleeping partner

(c)

Nominal partner 

(d)

Secret partner

Choose the type of business in which sole proprietorship is very suitable.

1

(a)

CA Firm

(b)

Beauty Parlour

(c)

A shopping mall

(d)

All of these

Name the person who manages a Joint Hindu Family Business.

1

(a)

Manager

(b)

Minor

(c)

Members

(d)

Karta

Name the law which governs Joint Hindu Family Business

1

(a)

Partnership Act 

(b)

Hindu Law

(c)

Companies Act, 1956

(d)

Contract Act

Which document is called charter of a company?

1

(a)

Memorandum of Association

(b)

Articles of Association

(c)

Prospectus 

(d)

All of the above

What is the minimum number of persons required to form a co-operative society

1

(a)

2

(b)

7

(c)

10

(d)

20

Name the type of company which must have a minimum paid up capital of 5 lacs.

1

(a)

Public Company

(b)

Private Company

(c)

Government Company

(d)

All of the above

Which of the following has a separate legal entity?

1

(a)

Joint Stock Company 

(b)

Co-operative Society

(c)

Both of the above

(d)

None of the above

Minor can be full-fledged member of

1

(a)

Co-operative Society

(b)

Joint Stock Company

(c)

Joint Hindu Family

(d)

Partnership