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Forms of Business – Quick Quiz

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Forms of Business – Quick Quiz

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Test your knowledge on business forms.

Created by

VIVAN BALHARA
VIVAN BALHARA
India

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Forms of Business – Quick Quiz
 

Forms of Business – Quick QuizOnline version

Test your knowledge on business forms.

by VIVAN BALHARA
1

Which form of business is owned, managed, and controlled by one person?

2

Liability of a sole proprietor is:

3

Who heads a Joint Hindu Family business?

4

True or False: In a Joint Hindu Family business, all members have unlimited liability.

5

Which Act governs partnerships in India?

6

“One man one vote” applies to:

7

Which of these is NOT a type of partner?

8

In a company, members’ liability is limited to:

9

True or False: A public company can restrict the transfer of its shares.

10

Minimum number of members to form a public company:

11

Fill in the blank: Membership in a Joint Hindu Family business is by ________.

12

Which form is best for raising large capital?

13

A partnership formed for a single project is called:

14

Which form is least expensive to start?

15

True or False: In a cooperative society, profits are distributed as per capital invested only.

16

Which form provides the greatest managerial specialisation?

17

Fill in the blank: In a partnership, the business must be carried on with a motive of ________.

18

Which form has a separate legal personality?

19

Which form usually has perpetual existence?

20

Which form is most suitable for family-owned businesses with passive investments?

 
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