Forms of Business organisation Quiz-1

Forms of Business organisation Quiz-1

Quiz

 

1. The life of sole proprietorship business is
   1.   stable
   2.   very short
   3.   Unstable
   4.   Long life
2. The principle followed in a co-operative society is
   
   1.   No vote
   2.   One man, one vote
   3.   Multiple votes
   4.   One share one vote
3. Co-operatives in India follow this type of organisation structure
   
   1.   Centralized Structure
   2.   Decentralized Structure
   3.   Unitary Structure
   4.   Federal Structure
4. Preliminary contracts are
   1.   Binding on the company
   2.   Binding on the company if ratified after incorporation.
   3.   Binding on the company, after incorporation
   4.   Not binding on the company
5. Sole proprietorship business can be started by
   1.   at least seven persons
   2.   any one person
   3.   at least two persons
   4.   at least three persons
6. The official signature of a company is called:
   
   1.   Prospectus
   2.   Debentures
   3.   Shares
   4.   Common seal
7. Which types of partnership have no agreement in terms of the duration of partnership?
   1.   Partnership-at-will
   2.   Limited partnership
   3.   General partnership
   4.   Particular partnership
8. who elects the board of directors?
   1.   Employees
   2.   Debenture holders
   3.   government
   4.   share holders
9. The company is managed by the group of persons known as:
   
   1.   Board of directors
   2.   Group of member
   3.   Team of shareholders
   4.   None of the above
10. Name the business organisation which has the features of "separate entity".
    1.   sole proprietorship
    2.   partnership
    3.   cooperative society
    4.   All buisiness organisation
11. Which of the following is the liability of a minor?
    1.   Unlimited
    2.   limited
    3.   No Liability
    4.   None of the above
12. which of the following statement is not true about a minor partner?
    1.   He can inspect books of account
    2.   He has to bear losses also
    3.   He has an option to continue with a firm even after attaining maturity.
    4.   He shares only profit
13. Who are called the real owner of the company?
    1.   Employees
    2.   Debenture holders
    3.   Share holders
    4.   creditors
14. Identify the document issued by public companies to invite public to subscribe to its shares.
    1.   Table F
    2.   prospectus
    3.   Table A
    4.   Memorandum of association
15. In India, the Co-operative Societies Act was passed in which year?
    
    1.   1919
    2.   1949
    3.   1904
    4.   1912
16. Name the law that governs joint hindu family business.
    1.   Family law
    2.   Muslim law
    3.   Hindu Law
    4.   All of the above
17. who is called as the parent of company?
    1.   directors
    2.   Registrar
    3.   promoters
    4.   share holders
18. The document conataining the terms and conditions of partnership firm is called?
    1.   contact note
    2.   certificate of incorportation
    3.   partnership deed
    4.   none of these
19. In a Co-operative Society, admission of members and allocation of shares is done by
    1.   Secretary
    2.   Managing Committee
    3.   President
    4.   General Body
20. The reason for the end of the sole proprietorship can be
    1.   insolvency
    2.   Insanity
    3.   Death
    4.   All the above