Free MCQ’s Quiz for Class 11 Business Studies – Chapter 2 – Forms of Business Organisation with Answers are prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 11th Business Studies – ‘Forms of Business Organisation’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 11 Business Studies- Chapter 2 – Forms of Business Organisation. The Forms of Business Organisation consist of different forms of business organisation. Their characteristics, merits and limitations, suitability, and the steps involved in their formation.

To make you perfect in this topic – Forms of Business Organisation, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Forms of Business Organisation.

Results

-

Share and Enjoy !

Share and Enjoy !

#1. There must be at least ten adults, with no upper limit in the event of _______.

Cooperative Society

Cooperative Society

Joint Hindu Family

Joint Hindu Family

Partnership

Partnership

Company

Company

#2. In the case of a private company, what is the maximum number of members?

2

2

7

7

10

10

50

50

#3. The lifespan of a sole proprietorship is

Unstable

Unstable

Stable

Stable

Very short life

Very short life

Long life

Long life

#4. A partner whose involvement with the firm is not widely recognised is referred to as:

Active partner

Active partner

Sleeping partner

Sleeping partner

Nominal partner

Nominal partner

Secret partner

Secret partner

#5. It is a type of business organisation that is owned, managed, and controlled by a single person who receives all profits and bears all risks. Determine the concept.

Sole Proprietorship

Sole Proprietorship

Cooperative Society

Cooperative Society

Joint Hindu family business

Joint Hindu family business

Partnership

Partnership

#6. What do you mean by "unlimited liability"?

When the business's assets are insufficient, the owner's personal assets can be sold.

When the business's assets are insufficient, the owner's personal assets can be sold.

The owner's personal assets cannot be sold in any way

The owner's personal assets cannot be sold in any way

According to the creditors' desires, the owner's personal assets can be sold.

According to the creditors' desires, the owner's personal assets can be sold.

Only a small part of the owner's personal assets can be sold.

Only a small part of the owner's personal assets can be sold.

#7. The goal of the organisation is to provide affordable residential housing to its members.

Housing Cooperative

Housing Cooperative

Producers Cooperative

Producers Cooperative

Sleeping Partner

Sleeping Partner

Credit Cooperative

Credit Cooperative

#8. In ________, the Hindu Succession Act was passed.

1960

1960

1956

1956

1952

1952

1932

1932

#9. A prospectus is published by

Public company

Public company

Private company

Private company

Statutory Corporation

Statutory Corporation

Departmental undertaking

Departmental undertaking

#10. The capital of a firm is divided into several sections, each of which is referred to as:

Dividend

Dividend

Interest

Interest

Share

Share

Profit

Profit

Finish