This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 2 Forms Of Business Organisation – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 14 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which is an example of credit co-operatives in Kerala A) Thriveni Super Markets. B) Milma. C) Service Co-operative Banks. D) Hantex. Show Answer Correct Answer: C) Service Co-operative Banks. 2. The Act which governs the formation of a partnership business is Indian Partnership Act. A) . 1932. B) . 1956. C) . 1949. D) . 1912. Show Answer Correct Answer: A) . 1932. 3. The power to take decisions lies in the hands of a ..... in a cooperative society. A) Steering committee. B) Democratic committee. C) Election committee. D) Managing committee. Show Answer Correct Answer: D) Managing committee. 4. Characteristics include owned by two or more people and may be general or limited A) Sole Propriotorship. B) Partnership. C) Corporation. D) None of the above. Show Answer Correct Answer: B) Partnership. 5. What is the most common form of business ownership? A) Cooperative society. B) Company. C) Sole Proprietorship. D) Partnership. Show Answer Correct Answer: C) Sole Proprietorship. 6. Which one of the following is a glaring example for the success of co-opertive societies A) NESTLE. B) Hindustan Uniliver Limited. C) AMUL. D) MALABAR CEMENT. Show Answer Correct Answer: C) AMUL. 7. Which document is also called as Charter of the company? A) Prospectus. B) AOA. C) MOA. D) Registration certificate. Show Answer Correct Answer: C) MOA. 8. The process of operating a business with the aim of making a profit A) Owner. B) Entrepreneur. C) Entrepreneurship. D) Business man. Show Answer Correct Answer: C) Entrepreneurship. 9. Joint and several liability A) Co-parceners in an HUF. B) Shareholders of a company. C) Partners in a firm. D) Members of cooperative society. Show Answer Correct Answer: C) Partners in a firm. 10. After the death of Karta, the joint hindu family business comes to an end A) The statement is true. B) The statement is false. C) Depends on the nature of the business. D) Depends on the mutual decision of the members. Show Answer Correct Answer: D) Depends on the mutual decision of the members. 11. The principle of 'one man one vote' governs the cooperative society. A) True. B) False. C) Can't say. D) Partially false. Show Answer Correct Answer: A) True. 12. What is the meaning of business organisation? A) The structure within which business activities are carried out. B) A method of profit calculation. C) A legal document for businesses. D) A type of business model. Show Answer Correct Answer: A) The structure within which business activities are carried out. 13. What kind of activities take place in a business? A) Buying. B) Selling. C) Both buying and selling. D) None of the above. Show Answer Correct Answer: C) Both buying and selling. 14. The major policy and financial decision makers of a plc are the: A) CEO/GM/President. B) Chairman of the Board. C) Shareholders. D) Board of Directors. Show Answer Correct Answer: D) Board of Directors. 15. A male child becomes a member of the HUF when A) Immediately on birth no matter what. B) When he turns 18. C) Immediately on birth provided he is part of the 3rd generation in the family. D) When he finishes his education. Show Answer Correct Answer: C) Immediately on birth provided he is part of the 3rd generation in the family. 16. In which type of cooperative society the main aim is obtaining good quality products at reasonable prices? A) Consumer Cooperative Society. B) Customer Cooperative Society. C) Producer Cooperative Society. D) Marketing Cooperative Society. Show Answer Correct Answer: A) Consumer Cooperative Society. 17. It can continue as long as the partners want and is terminated when any partner gives a notice of withdrawal from partnership to the firm. A) Partnership at will. B) Particular partnership. C) General Partnership. D) Limited Partnership. Show Answer Correct Answer: A) Partnership at will. 18. Qualification shares are subscribed by: A) Directors of the company. B) Auditors of the company. C) Bankers of the company. D) Employees of the company. Show Answer Correct Answer: A) Directors of the company. 19. Which of the following principles of classical management is challenged by matrix management? A) Structuring the organisation on functional lines. B) Structuring the organisation on geographical lines. C) Unity of command. D) Decentralisation of decision-making. Show Answer Correct Answer: C) Unity of command. 20. ..... is characteristic of cooperative society A) One person one vote. B) No profit has been shared. C) Control is in the hands of one person. D) None of the abovee. Show Answer Correct Answer: A) One person one vote. 21. The minimum number of members required to form a public company is A) 2. B) 5. C) 7. D) None of the above. Show Answer Correct Answer: C) 7. 22. E-Commerce is A) E-commerce is only for digital products. B) E-commerce is the buying and selling of goods or services over the internet. C) E-commerce refers to in-person shopping. D) E-commerce is the exchange of physical currency only. Show Answer Correct Answer: B) E-commerce is the buying and selling of goods or services over the internet. 23. Which one of the following use para language A) Radio Jokey. B) Business Man. C) Workers. D) Students. Show Answer Correct Answer: A) Radio Jokey. 24. Minimum number of members to create a private company is: A) 2. B) 3. C) 6. D) 7. Show Answer Correct Answer: D) 7. 25. Which of the following is NOT a type of Cooperative Society? A) Sole proprietorships. B) Credit cooperatives. C) Producer cooperatives. D) Consumer cooperatives. Show Answer Correct Answer: A) Sole proprietorships. ← PreviousNext →Related QuizzesClass 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 1Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 2Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 3Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 4Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 5Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 6Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 7Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 8Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 9Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books