Sole Proprietorship MCQs : This section focuses on the "Sole Proprietorship". These Multiple Choice Questions (MCQs) should be practiced to improve the Sole Proprietorship skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.
Question 1
Sole proprietorship business can be started by
A. at least seven persons
B. any one person
C. at least two persons
D. at least three persons
Question 2
What is a Sole Proprietorship?
A. Business owned by president
B. Business owned by several companies
C. Business owned by one person
D. Business owned by a company
Question 3
In which form of business there is no need to share profits
A. Company
B. Sole proprietorship
C. Partnership
D. Joint Hindu family business
Question 4
A Sole proprietor concern is free from regulation by
A. Indian Contract Act
B. Government
C. Private Indian
D. Indian Law
Question 5
The reason for the end of the sole proprietorship can be
A. Insolvency
B. Insanity
C. Death
D. All the above
Question 6
A sole proprietor has a limit in which of the following ability
A. Managerial
B. Owner
C. Worker
D. None of these
Question 7
Sole Proprietorship is most suitable for
A. Medium scale concerns
B. Large scale concerns
C. Small scale concerns
D. None of the above
Question 8
Which of the following is owned by a Single person
A. Private Company
B. Public Company
C. Joint Hindu Family
D. Sole proprietorship
Question 9
Sole proprietorship business owner has
A. Restricted Liability
B. No Liability
C. Unlimited Liability
D. Limited Liability
Question 10
The life of sole proprietorship business is said to be
A. Stable
B. Very short life
C. Unstable
D. Long life