Sole Proprietorship - Important Question Paper

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Commerce

Time : 01:00:00 Hrs
Total Marks : 50

    Part A

    18 x 1 = 18
  1. Which is the oldest form of Business organisation?

    (a)

    Sole Proprietorship

    (b)

    Partnership

    (c)

    Co-operative Society

    (d)

    Company

  2. In which form the owner, establisher and manager is only one?

    (a)

    Joint Enterprise

    (b)

    Government Company

    (c)

    Co-operative Society

    (d)

    Sole Proprietor

  3. A major disadvantage of sole proprietorship is __________.

    (a)

    Limited liability

    (b)

    Unlimited liability

    (c)

    Easy Formation

    (d)

    Quick decision

  4. From the following which one is Non-corporate form of business?

    (a)

    Joint stock company

    (b)

    Sole trading business

    (c)

    Government company

    (d)

    Co-operatives

  5. Sole Proprietorship is suitable for ________

    (a)

    Large scale concerns

    (b)

    Medium scale concerns

    (c)

    Small scale concerns

    (d)

    None of the above

  6. A sole trader ___________

    (a)

    cannot keep his business secrets

    (b)

    can keep his business secrets

    (c)

    both

    (d)

    none of the above

  7. There is a limit to ___________ ability of a sole trader.

    (a)

    managerial

    (b)

    worker

    (c)

    owner

    (d)

    none of these

  8. A sole trader concern is owned by an ____________

    (a)

    partner

    (b)

    individual

    (c)

    organisation

    (d)

    society

  9. The business organisation which runs on the principle" All is he and he is all in all" is _________________

    (a)

    Sole trading concern

    (b)

    Co-operative society

    (c)

    Joint Hindu Family

    (d)

    Partnership

  10. The structure in which there is separation of ownership and man agreement is called ______

    (a)

    Sole Proprietorship

    (b)

    Partnership

    (c)

    Company

    (d)

    All business organisation 

  11. Decision Making process in Sole Trading business is

    (a)

    Quicker

    (b)

    Slow

    (c)

    Neither Quick or Slow

  12. The Liability of sole trader is

    (a)

    Limited

    (b)

    Unlimited

    (c)

    None of the above

  13. Sole Tradership also know as:

    (a)

    Partnership

    (b)

    Individual entrepreneurship

    (c)

    Trade of leadership

  14. "No seprate Legal Entity" in case of _______

    (a)

    Sole trade

    (b)

    Joints company

    (c)

    Co-operatives

  15. Managerial skill is limited in _________

    (a)

    Partnership

    (b)

    Soletradership

    (c)

    Joints company

  16. Hasty decision is possible in case of

    (a)

    Sole tradership

    (b)

    Partnership

    (c)

    Co-operatives

  17. ______________ 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

  18. ______________is known as individual entrepreneurship.

    (a)

    Partnership

    (b)

    Sole trader

    (c)

    Joint stock company

    (d)

    Co-operative

  19. Part B

    5 x 2 = 10
  20. Why do sole traders lose the economies of large-scale production?

  21. How is the liability of owner in sole propritorship?

  22. Is registration necessary for sole proprietorship?

  23. A sole trader tends to make hasty decision - Explain :

  24. What is the other name for sole proprietorship?

  25. Part C

    4 x 3 = 12
  26. Can a sole trader business enterprise obtain the benefits of specialisation?

  27. Write about 'flexibility' in the business management of a sole trader.

  28. What is limited capital?

  29. What is limited managerial skill?

  30. Part D

    2 x 5 = 10
  31. Explain the characteristics of Sole trading business.

  32. What are the advantages of Sole trading business?

*****************************************

TN 11th Standard Commerce free Online practice tests

Reviews & Comments about 11th Commerce Sole Proprietorship Important Question Paper

Write your Comment