Forms of Business Organisation | MCQs | 2025 | Class 11 Business Studies #eduvictors

Forms of Business Organisation | MCQs | Class 11 Business Studies

Q1. ____________ is a type of business unit where a person is solely responsible for providing the capital.

(a) Sole proprietorship

(b) Joint Hindu family business

(c) Partnership

(d) Cooperative societies

Q2. The liability of all the co-parceners except the __________ is limited to their share in the business, and consequently, their risk is well-defined and precise.

(a) karta 

(b) partners

(c) members 

(d) shareholders

Q3. In a cooperative society, which of the following principles is followed?

(a) One share, one vote 

(b) One man, one vote

(c) No vote 

(d) Multiple votes

Q4. The minimum number of members in a cooperative society is:

(a) 2

(b) 3

(c) 7

(d) 10

Q5. The documents for the registration of a company were filed on 21st March 2021. The Certificate of Incorporation was issued on 28th March 2021. However, the date mentioned on the Certificate of Incorporation was 27th March 2021. From which date will the company be considered to exist, and when will the signed contracts be deemed valid?

(a) 21st March, 2021 

(b) 28th March, 2021

(c) 27th March, 2021 

(d) None of these

Q6. A _______ partner is one whose association with the firm is unknown to the general public.

(a) secret

(b) active

(c) sleeping

(d) nominal

Q7. In the firm of HUF, how does one get membership?

(a) By agreement

(b) By birth

(c) By investing capital 

(d) By managing

Q8. It can continue as long as the partners want, and is terminated when any partner gives a notice of withdrawal from the partnership to the firm.

(a) Partnership at will

(b) Particular partnership

(c) General partnership

(d) Limited partnership

Q9. The death or insanity of a member of the Joint Hindu Family Business will bring its business to an end.

(a) True

(b) False

Q10. Which of the following is a correct statement?

(a) A sole proprietor is bound to publish his/her business account.

(b) Cooperative societies are established with a profit motive.

(c) Registration of a cooperative society is compulsory.

(d) According to the Partnership Act, registration of a Partnership firm is compulsory.

Answers:

1. (a) Sole proprietorship

2. (a) karta 

3. (b) One man, one vote

One share, one vote → This is a corporate principle (used in companies where voting power depends on shareholding).

4. (d) 10

5. (c) 27th March, 2021

Under the Companies Act, a company is legally considered to be in existence from the date mentioned on the Certificate of Incorporation, even if the certificate was issued later.

6. (a) secret

7. (b) By birth

8. (a) Partnership at will

General partnership → A broad term referring to a standard partnership, but not necessarily one that dissolves on a partner's notice.

9. (b) False

The next oldest member takes up the position of Karta

10. (c) Registration of a cooperative society is compulsory.

👉SEE ALSO:

Ch2: Forms of Business Organisation
Ch2: Sole-Proprietorship (Study Notes)
Ch3: Private, Public and Global Enterprises (Q & A)
Ch3: Private, Public and Global Enterprises - MCQs