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Forms of Business Organisation MCQ Questions And Answers - Business Studies Class 11

Forms of Business Organisation MCQs : This section focuses on the "Forms of Business Organisation" in Business Studies Class 11. These Multiple Choice Questions (MCQs) should be practiced to improve the Business Studies Class 11 skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.

Question 1

In _________ two or more individuals come together to start a business.

A. corporations
B. partnership
C. proprietorship
D. liability

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Question 2

A business owner’s first decision while starting a business is to decide what form of business he wants to venture.

C. Can be true or false
D. Can not say

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Question 3

At least 10 adults, no maximum limit in case of ________

A. Cooperative Society
B. Joint Hindu Family
C. Partnership
D. Company

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Question 4

Which corporation authorise profit or losses to be transferred to individual tax returns?

A. A
B. D
C. P
D. S

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Question 5

What is the limit of members in case of a Private Company?

A. 20
B. 50
C. 70
D. 100

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Question 6

The life of sole proprietorship business is ___________

A. Unstable
B. Stable
C. Very short life
D. Long life

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Question 7

These businesses operations include?

A. Shop or retail business
B. Home-based company
C. Individual consulting firm
D. All of the above

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Question 8

Provision of residential accommodation to the members at reasonable rates is the objective of?

A. Consumers cooperative
B. Credit cooperative
C. Housing cooperative
D. Producers cooperative

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Question 9

Corporations are established under the laws of each state and are subjected to all the corporate income tax.

A. Yes
B. No
C. Can be yes or no
D. Can not say

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Question 10

The maximum number of partners allowed in the banking business are

A. Two
B. Three
C. Four
D. No Limit

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