Sole Proprietorship Sample Questions

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Commerce

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. Which is the oldest form of Business organisation?

    (a)

    Sole Proprietorship

    (b)

    Partnership

    (c)

    Co-operative Society

    (d)

    Company

  2. A major disadvantage of sole proprietorship is __________.

    (a)

    Limited liability

    (b)

    Unlimited liability

    (c)

    Easy Formation

    (d)

    Quick decision

  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. A sole trader ___________

    (a)

    cannot keep his business secrets

    (b)

    can keep his business secrets

    (c)

    both

    (d)

    none of the above

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

    (a)

    managerial

    (b)

    worker

    (c)

    owner

    (d)

    none of these

  6. 5 x 2 = 10
  7. Who is called a Sole Trader?

  8. What are the Non-corporate enterprises?

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

  10. 'A sole trader has higher credit rating' - Explain

  11. Is registration necessary for sole proprietorship?

  12. 5 x 3 = 15
  13. Write any three characteristics of Sole Proprietorship?

  14. Give some examples of sole trading business.

  15. Define Sole trading business.

  16. Can a sole trader business enterprise obtain the benefits of specialisation?

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

  18. 4 x 5 = 20
  19. Explain the characteristics of Sole trading business.

  20. What are the disadvantages of Sole trading business?

  21. "One-man control is the best in the world provided that one-man is big enough to take care of everything" -Discuss,

  22. Explain in detail the personal interest of a sole trader.

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

Reviews & Comments about 11th Standard Commerce Chapter 4 Sole Proprietorship Sample Question Paper

Write your Comment