NCERT Solutions For Class 11 Business Studies Forms of Business Organisation
NCERT Solutions For Class 11 Business Studies Forms of Business Organisation TEXTBOOK QUESTIONS SOLVED I. Multiple Choice Questions Tick the appropriate answer. Question 1. The structure in which there is separation of ownership and management is called (i) Sole proprietorship (ii) Partnership (iii) Company (iv) All business organizations Question 2. The Karta in Joint Hindu family business has: (i) Limited liability (ii) Unlimited liability (iii) No liability for debts (iv) Joint liability Question 3. In a cooperative society the principle followed is: (i) One share one vote (ii) One man one vote (iii) No vote (iv) Multiple votes Question 4. The board of directors of a joint stock company is elected by: (i) General public (ii) Government bodies (iii) Shareholders (iv) Employees Question 5. The maximum number of partners allowed in the banking business are: (i) Twenty (ii) Ten (iii) No limit (i v) Two Question 6. Profits do not have to be shared. This statement refers to: (i) Partnersh...