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MCQs on Business Studies Class 11 Chapter 2 - Forms of Business Organization
By Mohit Yadav Last updated : April 29, 2023
MCQs on Business Studies (CBSE) Class 11 (Chapter 2) Forms of Business Organization. Practice these multiple-choice questions and answers with explanations to learn, revise, and enhance your skills in Class 11 (Chapter 2) Forms of Business Organization. All these questions are prepared by experts based on the current NEP exam pattern.
List of Business Studies Class 11 Chapter 2 (Forms of Business Organization) MCQs
1. Which is the most popular form of business organization?
- Cooperative societies
- Partnership
- Both A & B
- Sole proprietorship
Answer: D) Sole proprietorship
Explanation:
A sole proprietorship is the most popular business.
2. Which business organization carries limited liabilities to its members?
- Partnership
- Sole proprietorship
- Both A and B
- Company
Answer: D) Company
Explanation:
The company carries limited liabilities to its members.
3. What is the minimum number of adults required to form a cooperative society?
- 10
- 8
- 3
- 7
Answer: A)10
Explanation:
at least 10 (above 18 years ).
4. In which case companies act 1956 is compulsory?
- Sole proprietorship
- Company
- Partnership
- None of the above
Answer: B) Company
Explanation:
In the case of the company.
5. In which year Hindu succession act was passed?
- 1956
- 1950
- 1952
- 1999.
Answer: A) 1956
Explanation:
In 1956 Hindu succession act was passed
6. What is the maximum number allowed in partnership business?
- 2
- 51
- 50
- 38
Answer: C) 50
Explanation:
50 is the maximum number allowed in a partnership business.
7. Name of the part in which company capital is used to divide?
- Dividend
- Share
- Interest
- All of the above
Answer: B) Share
Explanation:
Share is the smallest part of the capital.
8. What is the name of the Hindu family business head?
- Karta
- Dharta
- Bharta
- None of the above
Answer: A) Karta
Explanation:
Karta is the name of the Hindu family business head.
9. Which society helps people to build their houses at a reasonable cost?
- Production societies
- Housing cooperative societies
- Loans
- Credit cooperatives
Answer: B) Housing cooperative societies
Explanation:
Housing cooperative societies help members to build their houses at a reasonable cost
10. Which partner is unknown to the general public?
- Active partner
- Secret partner
- Sleeping partner
- None of the above
Answer: B) Secret partner
Explanation:
The secret partner is unknown to the general public.
11. What is the member limit in a private company?
- 201
- 200
- 189
- 172
Answer: B) 200
Explanation:
200 is the member limit in a private company.
12. Which company does not invite people to subscribe in the capital?
- Association private company
- Public Company
- Private company
- None of the above
Answer: C) Private company
Explanation:
A private company does not invite people to subscribe to the capital.
13. Which company needs to have only two directors?
- Private company
- Public Company
- Corporate Company
- None of these
Answer: A) Private company
Explanation:
A private company needs to have only two directors.
14. In what case partnership comes to an end?
- Death of a partner
- Retirement of the partner
- When a partner is ill
- All of the above
Answer: A) Death of a partner
Explanation:
In the death of the partner.
15. Under which cooperative societies act do cooperative societies use to register themselves?
- 1952
- 1912
- 1956
- 1947
Answer: B) 1912
Explanation:
Under 1912 cooperative societies act cooperative societies use to register themselves.
16. Who is the 'Karta' in a joint Family business?
- A most educated member of the family
- By voting
- Any member
- Senior - most male member
Answer: D) Senior - most male member.
Explanation:
Only a senior male can become the karta in a joint family business.
17. Who can elect the board of directors?
- Government
- Employees
- Anyone
- Shareholder
Answer: D) shareholder
Explanation:
Only shareholders have the power to choose the board of directors.
18. For how many public sector governments declared undertaking as navaratnas?
- 11
- 21
- 61
- 16
Answer: C) 16
Explanation:
As of 2021 there are 7 maharatnas , 16 navratnas , 71 miniratna.
19. What things do we need if we transfer business?
- Lease
- License
- Driving license
- Option A and B
Answer: D) Option A and B
Explanation:
We need a lease, license, driving license, etc.
20. In 1981 which company was established in Pune by 7 engineers?
- TCS
- Wipro
- L & T
- Infosys
Answer: D) Infosys
Explanation:
TCS Tata consultancy services were founded in 1968. Wipro was founded on 29 dec1945. Larsen & Toubro was founded on 7th Feb 1983.Infosys was founded on 7th July 1981 by 7 engineers including N.R narayana murthy Option 4 is correct.
21. For which fixed assets physical verification is the primary responsibility?
- Company manager
- Auditor
- Government
- Shareholder
Answer: B) Auditor
Explanation:
Physical verification of fixed assets is the primary responsibility of the auditor.
22. How many directors a public company should have as per 43A?
- 21
- 2
- 4
- 5
Answer: B) 2
Explanation:
2 directors a public company should have as per 43A.
23. Who can change the name of the company?
- Special resolution with the approval of the union government
- Ordinary resolution
- Option A & B
- Company shareholder
Answer: A) Special resolution with the approval of the union government
Explanation:
A special resolution with the approval of the union government can change the name of the company.