Forms Of Business Organisation(11th Grade > Business Studies ) Questions and Answers

Question 1.


 In sole proprietorship, the owner takes all decisions and is in full control of the business. 


  1.     True
  2.     False
Explanation:-
Answer: Option A. -> True
:
A

True.  Sole proprietorship, the owner takes all decisions and is in full control of the business which leads to quick decision making. 


Question 2.


Which of the following factors is a disadvantage to a partnership firm? 


  1.     Sharing of risks
  2.     Lack in continuity
  3.     More funds 
  4.     Secrecy 
Explanation:-
Answer: Option B. -> Lack in continuity
:
B

Lack in continuity


Question 3.


_______________ are set up to protect the interest of farmers by providing better inputs at a reasonable rate. 


  1.     Farmers' Cooperative 
  2.     Credit Cooperative Society 
  3.     Marketing Cooperative 
  4.     Consumer's Cooperative 
Explanation:-
Answer: Option A. -> Farmers' Cooperative 
:
A

Farmers' cooperatives are set up to protect the interest of farmers by providing better inputs at a reasonable rate. 


Question 4.


What is the range of members for a private company? 


  1.     1-200
  2.     2-200
  3.     1-100
  4.     2-100
Explanation:-
Answer: Option B. -> 2-200
:
B

The range of members is between 2 and 200, then it is called a private company. 


Question 5.


What is the full form of PPP? 


  1.     Price People Place 
  2.     Public Price Place 
  3.     Public Private Partnerships
  4.     Private Public Partnership 
Explanation:-
Answer: Option C. -> Public Private Partnerships
:
C

PPP - Public Private Partnerships


Question 6.


The government gives money to a company to build the roads for efficient and smooth transport. What kind of partnership is it? 


  1.     Private Public Partnership 
  2.     Public Private Partnership 
  3.     Particular Private Partnership 
  4.     None of the above 
Explanation:-
Answer: Option B. -> Public Private Partnership 
:
B

The government gives money to a company to build the roads for efficient and smooth transport is a public private partnership. 


Question 7.


 Credit cooperatives are set up to provide easy credit on reasonable terms to the members. 


  1.     True 
  2.     False
  3.     Marketing Cooperative 
  4.     Consumer's Cooperative 
Explanation:-
Answer: Option A. -> True 
:
A

True. Credit cooperatives are set up to provide easy credit on reasonable terms to the members. 


Question 8.


Two individuals want to start an organisation but have a limited liability. What form of business organisation is this?


  1.     Sole Proprietorship 
  2.     Joint Stock Company
  3.     Partnership 
  4.     All of the above
Explanation:-
Answer: Option B. -> Joint Stock Company
:
B

Two individuals want to start an organisation but have a limited liability can only form a company. 


Question 9.


A public company requires a minimum of ___ members to form. 


  1.     5
  2.     6
  3.     7
  4.     8
Explanation:-
Answer: Option C. -> 7
:
C

Public company to form requires a minimum of 7 members to form. 


Question 10.


 Dormant partners do add capital at the same time and get involved in the day to day management. 


  1.     True
  2.     False
  3.     Marketing Cooperative 
  4.     Consumer's Cooperative 
Explanation:-
Answer: Option B. -> False
:
B

False. Dormant partners do add capital at the same time don't get involved in the day to day management. 


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