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
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 2
Sole Proprietorship is most suitable for
A. Medium scale concerns
B. Large scale concerns
C. Small scale concerns
D. None of the above
Question 3
A sole proprietor has a limit in which of the following ability
A. Managerial
B. Owner
C. Worker
D. None of these
Question 4
The reason for the end of the sole proprietorship can be
A. Insolvency
B. Insanity
C. Death
D. All the above
Question 5
A Sole proprietor concern is free from regulation by
A. Indian Contract Act
B. Government
C. Private Indian
D. Indian Law
Question 6
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 7
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 8
The life of sole proprietorship business is said to be
A. Stable
B. Very short life
C. Unstable
D. Long life
Question 9
Sole proprietorship business owner has
A. Restricted Liability
B. No Liability
C. Unlimited Liability
D. Limited Liability
Question 10
Which of the following is owned by a Single person
A. Private Company
B. Public Company
C. Joint Hindu Family
D. Sole proprietorship