This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 2 Forms Of Business Organisation – Quiz 34 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 34 (21 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which document is called as the Doctrine of Indoor Management? A) MOA. B) AOA. C) All the above. D) None of the above. Show Answer Correct Answer: B) AOA. 2. What is a disadvantage of public corporations? A) High costs of operation. B) High motivation due to profit objectives. C) No competition leading to inefficiency. D) Limited services provided. Show Answer Correct Answer: C) No competition leading to inefficiency. 3. In partnership responsibility of members are limited. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 4. A public company can commence its business immediately after receiving the certificate of incorporation A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 5. Which bill entitles women to have equal share in ancestral property of HUF? A) Hindu Succession Act, 1956. B) Hindu Succession (Amendment) Bill, 2005. C) Hindu Succession Act, 2006. D) None of the above. Show Answer Correct Answer: B) Hindu Succession (Amendment) Bill, 2005. 6. The maximum numbers of parteners allowed in sectors other than bank is ..... A) 10. B) 15. C) 20. D) 30. Show Answer Correct Answer: C) 20. 7. The most important protection given by law to shareholders of a limited company is: A) Limited liability. B) Rights to receive subsidies. C) Enhanced employment rights. D) Immunity from being sued. Show Answer Correct Answer: A) Limited liability. 8. Which of the following law governed Joint Hindu Family business? A) Hindu Succession Act, 1956. B) Hindu Succession Act, 1954. C) Hindu Succession Act, 1950. D) Hindu Succession Act, 1952. Show Answer Correct Answer: A) Hindu Succession Act, 1956. 9. What is a key advantage of a Company? A) No need for registration. B) No profits to share. C) Unlimited liability. D) More capital to run the business. Show Answer Correct Answer: D) More capital to run the business. 10. What is the liability of the Karta in a Joint Hindu Family Business? A) Limited liability. B) No liability. C) Conditional liability. D) Unlimited liability. Show Answer Correct Answer: D) Unlimited liability. 11. Which of the following is a feature of a sole proprietorship? A) Multiple owners. B) Separate legal entity. C) Limited liability. D) Unlimited liability. Show Answer Correct Answer: D) Unlimited liability. 12. What are the benefits of buying a franchise? A) Brand recognition, established business model, training and support from the franchisor, and potential for higher success rate. B) Joining fees to establish the business, terms and conditions to be followed by the franchisee. C) No brand recognition, no training support from the franchisor. D) No established business model. Show Answer Correct Answer: A) Brand recognition, established business model, training and support from the franchisor, and potential for higher success rate. 13. 'One man control is the best in the world if that man is big enough to manage everything' is A) Karta. B) Sole Proprietor. C) Sole Proprietorship business. D) Joint Hindu Family business. Show Answer Correct Answer: C) Sole Proprietorship business. 14. Which of the following is an advantage of sole proprietorship? A) Owner has complete control. B) Owner gets all the stress. C) Cannot raise capital. D) All the above. Show Answer Correct Answer: A) Owner has complete control. 15. Private Sector Enterprise are organizations owned by? A) Private Entrepreneurs. B) Q.6)PSE's are organizations owned by? *Private Entrepreneurs *Foreign Companies. C) Joint Hindu Family. D) Government. Show Answer Correct Answer: A) Private Entrepreneurs. 16. These are run by the government. A) Public sector companies. B) Private sector companies. C) All the above. D) None of the above. Show Answer Correct Answer: A) Public sector companies. 17. Which of the following is NOT a key feature of MNCs? A) A large amount of assets, including both capital and money. B) Access to highly qualified managers and professionals. C) Limited influence over government decision making. D) An ability to exploit economies of scale and lower average costs with expansion. E) Significant advertising and marketing budgets. Show Answer Correct Answer: C) Limited influence over government decision making. 18. A nominal partner is one who A) Contributes capital. B) Participate in management of business. C) Shares profits and losses. D) None of the above. Show Answer Correct Answer: D) None of the above. 19. Business organizations exist solely for their own profit and do not consider societal well-being. A) A. True. B) B. False. C) All the above. D) None of the above. Show Answer Correct Answer: B) B. False. 20. Which one is FALSE in respect of a public company A) Minium number of directors is 3. B) Free transferability of shares. C) Prohibition on making public subscription of shares capital. D) Can isuue capital to the public. Show Answer Correct Answer: C) Prohibition on making public subscription of shares capital. 21. The maximum number of members is unlimited in Joint Hindu Family Firm A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. ← PreviousRelated 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