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Sole Proprietorship Model Question Paper

11th Standard

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Commerce

Time : 01:30:00 Hrs
Total Marks : 50
    9 x 1 = 9
  1. Which is the oldest form of Business organisation?

    (a)

    Sole Proprietorship

    (b)

    Partnership

    (c)

    Co-operative Society

    (d)

    Company

  2. 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

  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. A sole trader concern is owned by an ____________

    (a)

    partner

    (b)

    individual

    (c)

    organisation

    (d)

    society

  6. Which of the following is an example of sole trading concern?

    (a)

    Multiple shop

    (b)

    Departmental store

    (c)

    TVS limited

    (d)

    Tailoring shop

  7. Consumers are ______

    (a)

    creditors

    (b)

    debtors

    (c)

    kings

    (d)

    owners

  8. Which of the following is not a non-corporate enterprise?

    (a)

    Joint hindu family business

    (b)

    Sole proprietorship

    (c)

    Partnership

    (d)

    Joint-stock company

  9. Highly flexible type of organisation is____________

    (a)

    sole proprietorship

    (b)

    partnership

    (c)

    joint-stock company

    (d)

    co-operatives

  10. 8 x 2 = 16
  11. Who is called a Sole Trader?

  12. What are the Corporate enterprises?

  13. 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

  14. State the various kinds of Non-corporate enterprises.

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

  16. Define Sole Trader?

  17. What is the other name for sole proprietorship?

  18. List out any five merits of sole trading concern.

  19. 5 x 3 = 15
  20. What is unlimited liability?

  21. Give some examples of sole trading business.

  22. Define Sole trading business.

  23. What is limited capital?

  24. Bring out the importance in. the meaning of sole proprietorship.

  25. 2 x 5 = 10
  26. Explain the characteristics of Sole trading business.

  27. What are the disadvantages of Sole trading business?

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