This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 2 Forms Of Business Organisation – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 19 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is a commonly claimed advantage of a sole trader business? A) Owners have limited liability. B) Shares can be sold to raise capital. C) Decisions and responsibilities can be shared. D) The owner has independence. Show Answer Correct Answer: D) The owner has independence. 2. Registration of partnership deed is mandatory A) A.Yes. B) B.No. C) All the above. D) None of the above. Show Answer Correct Answer: B) B.No. 3. The HUF business come to an end after the death of the Karta. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 4. Satish lost his job during the Covid-19 pandemic now he wants to start a business of his own in his hometown, Satish had limited finance available with him and he does not want many legal formalities to start a business, suggest Satish which forms of business organisation he should go for: A) Partnership. B) Sole proprietorship. C) Joint hindu family business. D) Cooperative society. Show Answer Correct Answer: B) Sole proprietorship. 5. Advantages of this business include:easier to get money from the bank to start, share skills and share risks. A) Sole Proprietorship. B) Partnership. C) Corporation. D) Franchise. Show Answer Correct Answer: B) Partnership. 6. Which of the following is a characteristic of a public company? A) Invites public to subscribe to shares. B) Shares cannot be transferred. C) Limited number of members. D) No minimum capital requirement. Show Answer Correct Answer: A) Invites public to subscribe to shares. 7. Co-operatives play an important role in: A) Aerospace. B) Agriculture. C) Manufacturing. D) All of the abov. Show Answer Correct Answer: B) Agriculture. 8. Franchises have a high possibility to have success. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 9. Which type of cooperative society performs various functions related to transportation, warehousing, gardening etc. A) Farmers cooperative society. B) Consumer cooperative society. C) Marketing cooperative society. D) Credit cooperative housing society. Show Answer Correct Answer: C) Marketing cooperative society. 10. This type of business is owned by many people called stockholders. A) Sole Proprietorship. B) Partnership. C) Corporation. D) Franchise. Show Answer Correct Answer: C) Corporation. 11. What is repatriation of profits A) The transfer of corporate money from a foreign country. B) A fancy way of saying debt. C) Management of large amounts of money from an outside country. D) None of the above. Show Answer Correct Answer: A) The transfer of corporate money from a foreign country. 12. Is it compulsory for a partnership firm to get registered? A) Yes. B) No. C) Depends on the nature of the business. D) Depends on the size of the business. Show Answer Correct Answer: B) No. 13. What is the main disadvantage of a sole proprietorship? A) Unlimited liability. B) Limited liability. C) Tax advantages. D) Ease of formation. Show Answer Correct Answer: A) Unlimited liability. 14. It is compulsory to get a company registered. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 15. Indian Co-operative Society's Act was passed in ..... A) 1912. B) 1913. C) 1911. D) 1915. Show Answer Correct Answer: A) 1912. 16. What factors lead to determination of size of a business organization? A) Nature of Activities of Business. B) Type of Business Organization. C) Availability of Finance. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. An entrepreneur who enters the market with a product or service which is based on a similar or improved product that is already existing is called: A) Innovative entrepreneur. B) Replicative entrepreneur. C) Opportunity entrepreneur. D) Necessity entrepreneur. Show Answer Correct Answer: B) Replicative entrepreneur. 18. Members in a HUF business is called as ..... A) Co-partners. B) Coparceners. C) Shareholders. D) Co-operators. Show Answer Correct Answer: B) Coparceners. 19. A huge, international business is most likely to have which type of ownership? A) Private Limited Company. B) Public Limited Company. C) Franchise. D) Mutual organisation. Show Answer Correct Answer: B) Public Limited Company. 20. Which one is a co-operative values A) Self help and self responsibility. B) Equality and equity. C) Solidarity. D) All of the above. Show Answer Correct Answer: D) All of the above. 21. Which of the following is the direction of communication? A) Upward. B) Downward. C) Horizontal. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 22. A group of people who jointly oversee the activities of a corporation A) Employees. B) Board of Directors. C) Volunteers. D) None of the above. Show Answer Correct Answer: B) Board of Directors. 23. The structure in which there is separation of ownership & management? A) Sole Proprietorship. B) Company. C) Partnership. D) All the above. Show Answer Correct Answer: B) Company. 24. ..... are part owners of a limited company. They are people or institutions who hold one or more shares in a company. A) Directors. B) Shareholders. C) Managers. D) None of the above. Show Answer Correct Answer: B) Shareholders. 25. Which item does not cause any business risk? A) Beak down. B) Efficiency management. C) Riot. D) Changing Govt Policy. Show Answer Correct Answer: A) Beak down. ← 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