Question

Fill In The Blanks:

1. The concern business that is owned and managed by a single person is called _____

2. The Indian partnership Act was passed in the year _____ to regulate the affairs of the partnership firms.

3. The Maximum number of partners in a firm which carries out banking business is _____

4. The Head of the Hindu undivided family business is known as ____

5. The only business concern under private business organization found in India is _____

Answer 1

1. Sole trading concerns.

2. 1932.

3. Ten (10).

4. Karta.

5. Hindu undivided family concerns.