New ! Commerce MCQ Practise Tests



  1. Home
  2. 11th Standard
  3. Commerce
  4. 11th Standard Commerce - Sole Proprietorship Book Back Questions

Updated 11th Standard Commerce Study Materials 2022-2023 Exams

11th Standard Commerce - Sole Proprietorship Book Back Questions Question Bank Software Sep-02 , 2019

Sole Proprietorship

11th Standard Commerce - Sole Proprietorship Book Back Questions

Sole Proprietorship Book Back Questions

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Commerce

Time : 00:45:00 Hrs
Total Marks : 30
    3 x 1 = 3

  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. 4 x 2 = 8

  4. What is Sole trading business?

  5. What are the Non-corporate enterprises?

  6. What are the Corporate enterprises?

  7. For which of the following types of business do you think a sole proprietorship form of organisation would be more suitable, and why?
    (a) Grocery Store
    (b) Medical store
    (c) Craft centre
    (d) Legal consultancy
    (e) Internet cafe

    8. 3 x 3 = 9

  8. How is it possible to maintain secrecy in sole proprietorship?

  9. What is unlimited liability?

  10. Write any three characteristics of Sole Proprietorship?

    11. 2 x 5 = 10

  11. What are the advantages of Sole trading business?

  12. What are the disadvantages of Sole trading business?

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

Reviews & Comments about 11th Standard Commerce - Sole Proprietorship Book Back Questions

Write your Comment