🧪 Business Studies MCQ Quiz Hub

1. At least 10 adults, no maximum limit in case of ______
Company
Cooperative Society
Joint Hindu Family
Partnership

2. What is the limit of members in case of a Private Company?
2
7
10
50

3. The life of sole proprietorship business is ______
Unstable
Stable
Very short life
Long life

4. Provision of residential accommodation to the members at reasonable rates is the objective of
Consumers cooperative
Credit cooperative
Housing cooperative
Producers cooperative

5. The capital of a company is divided into number of parts each one of which are called
Share
Dividend
Profit
Interest

6. The maximum number of partners allowed in the banking business are
Two
Twenty
No limit
Ten

7. In a cooperative society the principle followed is
One share one vote
One man one vote
No vote
Multiple votes

8. The structure in which there is separation of ownership and management as per law is called
Company
All business organisations
Partnership
Sole proprietorship

9. Co-operatives play an important role in:
aerospace
agriculture
manufacturing
all of the above

10. Which of the following is a characteristic of a co-operative?
profits are not subject to income tax
one vote per share
dividends are paid on a per share basis
all of the above

11. A__________ provides for the greatest degree of continuity:
general partnership
joint venture
corporation
 sole proprietorship

12. Which of the following is probably the most important reason for incorporating?
limited liability of shareholders
more money for investment
increased flexibility
shared management

13. A_____________partner is an owner who has unlimited liability and is active in managing the firm:
senior partner
general partner
silent partner
limited partner

14. A ___________ is a business with two or more owners:
corporation
conglomerate
partnership
public corporation

15. Which of the following is an advantage of a sole proprietorship?
ease of starting a business
being your own boss
pride of ownership
all of the above

16. The form of business organization that has the largest sales volume is the:
partnership
corporation
cooperative
multinational

17. In case of ___________ Registration is compulsory
Sole Proprietorship
Partnership
None of these
Company

18. Hindu Succession Act was passed in _________
1952
1960
1932
1956

19. A partner whose association with the firm is unknown to the general public is called
Active partner
Sleeping partner
Nominal partner
Secret partner

20. The Head of the joint Hindu family business is called
Manager
Proprietor
Karta
Director

21. Profits do not have to be shared. This statement refers to
Company
Sole proprietorship
Joint Hindu family business
Partnership

22. The board of directors of a joint stock company is elected by
General public
 Government bodies
Shareholders
Employees

23. The karta in Joint Hindu family business has
No liability for debts
Unlimited liability
Joint liability
 Limited liability

24. The most effective form of business organization for raising capital is the:
 joint venture
partnership
corporation
proprietorship

25. The major advantage of a franchise is:
training and management assistance
personal ownership
nationally recognized name
all of the above

26. Which of the following is an example of a non profit organization?
Royal Bank
YMCA
BCE
Air Canada