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11th Standard Commerce Sole Proprietorship English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    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. A major disadvantage of sole proprietorship is __________.

    (a)

    Limited liability

    (b)

    Unlimited liability

    (c)

    Easy Formation

    (d)

    Quick decision

  3. _______________ is owned by Single person

    (a)

    Sole proprietorship

    (b)

    Joint Hindu Family

    (c)

    Public Company

    (d)

    Private Company

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

    (a)

    Easy formation

    (b)

    Incentive to work hard

    (c)

    Small capital

    (d)

    Flexibility

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

    (a)

    managerial

    (b)

    worker

    (c)

    owner

    (d)

    none of these

  6. 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

  7. 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 

  8. The Liability of sole trader is

    (a)

    Limited

    (b)

    Unlimited

    (c)

    None of the above

  9. Managerial skill is limited in _________

    (a)

    Partnership

    (b)

    Soletradership

    (c)

    Joints company

  10. __________business organisation is easy and simple to form.

    (a)

    Joints company

    (b)

    Partnership

    (c)

    Sole tadership

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