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Class 11 Business Studies MCQ Questions of Forms of Business Organisation with Answers?

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Understudies likewise can take a free examination of the Class 11 Business Studies MCQ Questions of Forms of Business Organization with answers. Each question has four alternatives followed by the right answer. These MCQ Questions are chosen upheld by the freshest test design as reported by CBSE. We have given Forms of Business Organization MCQ Questions for Class 11 with Answers to assist understudies with understanding the idea quite well. 

Multiple Choice Questions are a significant piece of tests for Class 11 Business Studies and whenever rehearsed appropriately can assist you with getting higher marks. These Class 11 Business Studies Objective Questions with Solutions cover all subjects engaged with the most recent CBSE Class 11 Business Studies Syllabus. Thus, You can rehearse various ideas MCQ Questions in Class 11 Business Studies from all sections easily and test your critical thinking and

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

(a) Cooperative Society
(b) Joint Hindu Family
(c) Partnership
(d) Company

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

(a) 2
(b) 7
(c) 10
(d) 50

3. The life of sole proprietorship business is ___________

(a) Unstable
(b) Stable
(c) Very short life
(d) Long life

4. 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

5. The capital of a company is divided into number of parts each one of which are called

(a) Share
(b) Dividend
(c) Profit
(d) Interest

6. The maximum number of partners allowed in the banking business are

(a) Two
(b) Twenty
(c) No limit
(d) Ten

7. In a cooperative society the principle followed is

(a) One share one vote
(b) One man one vote
(c) No vote
(d) Multiple votes

8. The structure in which there is separation of ownership and management as per law is called

(a) Company
(b) All business organisations
(c) Partnership
(d) Sole proprietorship

9. Co-operatives play an important role in:

(a) aerospace.
(b) agriculture.
(c) manufacturing.
(d) all of the above.

10. Which of the following is a characteristic of a co-operative?

(a) profits are not subject to income tax.
(b) one vote per share.
(c) dividends are paid on a per share basis.
(d) all of the above.

11. A__________ provides for the greatest degree of continuity:

(a) general partnership.
(b) joint venture.
(c) corporation.
(d) sole proprietorship.

12. Which of the following is probably the most important reason for incorporating?
(a) limited liability of shareholders.
(b) more money for investment.
(c) increased flexibility.
(d) shared management.

13. The most popular form of business organisation is:

a) Sole proprietorship
b) Company
c) Partnership
d) Joint Hindu Family business

14. The form of business organisation which is specifically found in India is:

a) Sole proprietorship
b) NGO
c) Cooperative society
d) Joint Hindu Family business

15. Cooperative Societies are compulsorily registered under which of the following Act:

a) The Companies Act, 2013
b) The Cooperative Societies Act, 1922
c) The Indian Contract Act, 1872
d) The Cooperative Societies Act, 1912

16. How many types of Cooperative Societies are there:

a) 5
b) 4
c) 6
d) 8

17. Satish lost his job during the Covid-19 pandemic now he wants to start a business of his own in his hometown, Satish had limited finance available with him and he does not want many legal formalities to start a business, suggest Satish which forms of business organisation he should go for:

a) Partnership
b) Sole proprietorship
c) Joint hindu family business
d) Cooperative society

18. Which of the following forms of business organisation has limited liability to his members:

a) Partnership
b) Company
c) Sole proprietorship
d) Joint Hindu Family business

19. The person or group of persons who perform the work of promotion and form a company is/are known as promoter(s).

(a) True
(b) False
(c) Can’t say
(d) Partially true

20. The documents for registration of a company were filed on 21st March, 2021. The Certificate of Incorporation was issued on 28th March, 2021. But the date mentioned on the Certificate of Incorporation was 27th March, 2021. From which date will the company be considered to be in existence and the contracts signed will be considered valid.   

(a) 21st March, 2021
(b) 28th March, 2021
(c) 27th March, 2021
(d) None of these

21. Name the form of business organisation in which the members are jointly and individually liable for payment of firm’s debts.     

(a) Sole proprietorship
(b) Partnership
(c) Company
(d) HUF

22. A ……… partner is one whose association with the firm is unknown to the general public.   

(a) secret
(b) active
(c) sleeping
(d) nominal

23. These partners take actual part in carrying out business of the firm on behalf of other partners. Identify the partner being referred here.     

(a) Active partner
(b) Sleeping or dormant partner
(c) Secret partner
(d) Nominal partner

24. Name the type of partner who is not really a partner but is liable to third parties for the repayment of the firm’s debts.       

(a) Sleeping
(b) Active
(c) Nominal
(d) Secret

25. Registered office clause in MoA contains the legal and recognised name of the company, which has been approved by the registrar of companies.       

(a) True
(b) False
(c) Can’t say
(d) Partially false

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Answer:

1. Answer (a) Cooperative Society

2. Answer (d) 50

3. Answer (a) Unstable

4. Answer (c) Housing cooperative

5. Answer (a) Share

6. Answer (d) Ten

7. Answer (a) One man one vote

8. Answer (a) Company

9. Answer (b) agriculture.

10. Answer (a) profits are not subject to income tax.

11. Answer (c) corporation.

12. Answer (a) limited liability of shareholders.

13. Answer (A) Sole proprietorship

14. Answer (D) Joint Hindu Family business

15. Answer (D) The Cooperative Societies Act, 1912

16. Answer (C) 6

17. Answer (B) Sole proprietorship

18. Answer (B) Company

19. Answer (a) True

20. Answer (c) 27th March, 2021

21. Answer (b) Partnership

22. Answer (a) secret

23. Answer (a) Active partner

24. Answer (c) Nominal

25. Answer (b) False

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