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Sole Proprietorship MCQ Questions & Answers

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

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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

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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

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Question 4

A Sole proprietor concern is free from regulation by

A. Indian Contract Act
B. Government
C. Private Indian
D. Indian Law

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Question 5

The reason for the end of the sole proprietorship can be

A. Insolvency
B. Insanity
C. Death
D. All the above

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Question 6

A sole proprietor has a limit in which of the following ability

A. Managerial
B. Owner
C. Worker
D. None of these

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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

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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

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Question 9

Sole proprietorship business owner has

A. Restricted Liability
B. No Liability
C. Unlimited Liability
D. Limited Liability

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Question 10

The life of sole proprietorship business is said to be

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

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