Sole Proprietorship One Mark Question

11th Standard

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Commerce

Time : 00:30:00 Hrs
Total Marks : 10
    10 x 1 = 10
  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. 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

  4. _______________ is owned by Single person

    (a)

    Sole proprietorship

    (b)

    Joint Hindu Family

    (c)

    Public Company

    (d)

    Private Company

  5. A Sole proprietor concern is free from _________ regulation.

    (a)

    Private

    (b)

    Government

    (c)

    Indian Contract Act

    (d)

    Indian Law

  6. __________ is an Important as well as Specific Advantage of sole proprietorship.

    (a)

    Easy formation

    (b)

    Incentive to work hard

    (c)

    Small capital

    (d)

    Flexibility

  7. Sole trading business can be started by ______________

    (a)

    at least two persons

    (b)

    at least three persons

    (c)

    at least seven persons

    (d)

    anyone person

  8. Sole Proprietorship is suitable for ________

    (a)

    Large scale concerns

    (b)

    Medium scale concerns

    (c)

    Small scale concerns

    (d)

    None of the above

  9. A sole trader ___________

    (a)

    cannot keep his business secrets

    (b)

    can keep his business secrets

    (c)

    both

    (d)

    none of the above

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

    (a)

    managerial

    (b)

    worker

    (c)

    owner

    (d)

    none of these

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