Hindu Undivided Family and Partnership Model Questions

11th Standard

    Reg.No. :
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Commerce

Time : 01:00:00 Hrs
Total Marks : 50
    10 x 1 = 10
  1. The firm of Hindu Undivided Family is managed by whom?

    (a)

    Owner

    (b)

    Karta

    (c)

    Manager

    (d)

    Partner

  2. The Members in the joint Hindu family are called ________

    (a)

    Karta

    (b)

    Coparceners

    (c)

    Generations

    (d)

    Partners

  3. A partnership is registered with __________

    (a)

    Registrar of Companies

    (b)

    Registrar of Co-operatives

    (c)

    Registrar of Firms

    (d)

    District Collector

  4. ___________ is created by the operation of law.

    (a)

    Sole Proprietorship

    (b)

    Joint Hindu Family Firm

    (c)

    Co-operative Society

    (d)

    Partnership firm

  5. ___________ is governed by the Indian Partnership Act.

    (a)

    Partnership Firm

    (b)

    Sole trader ship

    (c)

    Joint Hindu Family

    (d)

    None of these

  6. Every Partner has the right to receive interest on loans and advances at the rate of per _________ annum.

    (a)

    6%

    (b)

    10%

    (c)

    12%

    (d)

    No Interest

  7. A Partnership cannot engage in __________

    (a)

    large scale production

    (b)

    small scale production

    (c)

    foreign trade

    (d)

    smuggling goods

  8. Partner who contribute capital but do not take part in the management affairs of the firm is called partner.

    (a)

    Active

    (b)

    Sleeping

    (c)

    Nominal

    (d)

    Secret

  9. The written agreement among partners is called _______

    (a)

    Partnership

    (b)

    Partnership deed

    (c)

    Articles of association

    (d)

    Partnership act 

  10. _______ is that form of business organisation which is owned and controlled by a single individual.

    (a)

    Sole trading concern

    (b)

    Partnership firm

    (c)

    Joint Hindu family business

    (d)

    Joint stock companies

  11. 5 x 2 = 10
  12. Who is called KARTA?

  13. Who is called a Partner?

  14. How many types of Dissolution?

  15. In Hindu Undivided Family how is the liability of Karta?

  16. Write any two examples of Joint Hindu Family business run in India.

  17. 5 x 3 = 15
  18. What is the meaning of Partnership Deed?

  19. Who is called a Secret Partner?

  20. What is meant by Joint and Several Liability?

  21. Who is a minor? Can a minor become a Partner?

  22. What are the Liabilities of Partner.

  23. 3 x 5 = 15
  24. What are the contents of Partnership Deed?

  25. Write the procedure for registration of a firm.

  26. Explain the Characteristics of Joint Hindu Family Business.

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