CBSE Class 11 Business Studies Forms Of Business Organizations MCQs Set C

Refer to CBSE Class 11 Business Studies Forms Of Business Organizations MCQs Set C provided below available for download in Pdf. The MCQ Questions for Class 11 Business Studies with answers are aligned as per the latest syllabus and exam pattern suggested by CBSE, NCERT and KVS. Chapter 2 Forms of Business Organisation Class 11 MCQ are an important part of exams for Class 11 Business Studies and if practiced properly can help you to improve your understanding and get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 11 Business Studies and also download more latest study material for all subjects

MCQ for Class 11 Business Studies Chapter 2 Forms of Business Organisation

Class 11 Business Studies students should refer to the following multiple-choice questions with answers for Chapter 2 Forms of Business Organisation in Class 11.

Chapter 2 Forms of Business Organisation MCQ Questions Class 11 Business Studies with Answers

Question: The maximum number of partners allowed in the banking business are
a) Ten
b) No limit
c) Twenty
d) Two
Answer: a

Question: A prospectus is issued by
a) A public company seeking investment, from public
b) A private company
c) A public company
d) A public enterprise
Answer: a

Question: Find out the liability of Kavita in a company. Who is a shareholder, holding 3,000 shares of Rs. 10 each. She has already paid Rs. 6 per share.
a) Rs 10,000
b) Rs. 1,20,000
c) Rs 18,000
d) Rs. 12000
Answer: d

Question:Capital clause specifies—
a) authorised capital
b) subscribed capital
c) paid up capital
d) Issued capital
Answer: a

Question: Which form of organisation is suitable if direct control over operations & absolute decision making power is required in business?
a) Joint Stock Co.
b) cooperative society
c) Sole proprietorship
d) HUF
Answer: c

Question: A form of business organization with two or more owners who share the risks and the profits
a) proprietorship
b) corporation
c) wholesale
d) partnership
Answer: d

Question: The most effective form of business organization for raising capital is the:
a) joint venture.
b) partnership.
c) corporation.
d) proprietorship.
Answer: c

Question: Innovation means:
a) Production of new commodities
b) Customer satisfaction
c) Production according to consumer needs
d) To maximise sales
Answer: a

Question: The profit distributed among the shareholders is known as:
a) Incentives
b) bonus
c) Interest
d) Dividend
Answer: d

Question: It is a form of business organization which is owned, managed, and controlled by an individual who is the recipient of all profits and bearer of all risks. Identify the concept.
a) Sole Proprietorship
b) Cooperative Society
c) Joint Hindu family business
d) Partnership
Answer: a

Question: Minimum paid up capital to start a Private Ltd company is
a) one lakh
b) Two lakhs
c) Five lakhs
d) Ten lakhs
Answer: a

Question: The partnership deed generally includes the following
a) Name of firm
b) Nature of business
c) Location of business
d) All of the options
Answer: d

Question: 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
Answer: a

Question: Provision of residential accommodation to the members at reasonable rates is the objective of:
a) Housing Cooperative
b) Producers Cooperative
c) Sleeping Partner
d) Credit Cooperative
Answer: a

Question: Which one of the following is the CORRECT sequence of stages in the formation of a company?
a) Promotion, incorporation, capital subscription, the commencement of business
b) Incorporation, capital subscription, promotion, the commencement of business
c) Promotion, the commencement of business, incorporation, capital subscription
d) Promotion, Incorporation, Certificate of commencement, capital subscription
Answer: a

Question: _______ company needs to have only two directors.
a) Public Company
b) Sole Proprietorship
c) Private Company
d) None of the options
Answer: c

Question: A partner whose association with the firm is unknown to the general public is called
a) Active partner
b) Sleeping partner
c) Nominal partner
d) Secret partner
Answer: d

Question: Floral Shops, Bookstores, Farms are examples of what type business
a) Sole Proprietorship
b) Corporation
c) Franchise
d) Multinational Corporation
Answer: a

Question: Which is not a limitation of Sole proprietorship.
a) Limited resources
c) Easy formation
b) Limited life of business
d) limited managerial ability
Answer: b

Question: Which document is subsidiary of the MOA
a) prospectus
b) articles of association
c) consent of directors
d) table A
Answer: b

Question: Nike, IBM, and Google are examples of
a) partnership
b) franchise
c) corporation
d) partnership
Answer: c

Question: At least 10 adults, no maximum limit in case of ________
a) Joint Hindu Family
b) Cooperative Society
c) Company
d) Partnership
Answer: b

Question: In which form of business organization, minor can also be members –
a) Joint Stock Company
b) Cooperative Society
c) HUF business
d) Sole Proprietorship
Answer: a 

 

Fill in the Blanks: 

Question: A person running a retail shop, beauty parlous, saloons in a locality is known as __________ form of business.
Answer: Sole proprietor 

Question: In a cooperative society, the power to take decisions lies in the hands of an elected __________ committee.
Answer: managing

Question:The liability of all member, except the karta in Hindu Undivided family is __________ .
Answer: limited 

Question: Articles of association are the rules regarding __________ management of a co.
Answer: internal

Question: Registration of a partnership business is __________ .
Answer: optional

 

True or False: 

Question: There is lack of business continuity in sole proprietorship business organisation.
Answer: True

Question: Registration of a cooperative society is not compulsory.
Answer: False

Question: The maximum members of any Private Ltd. Can be two hundred.
Answer: True

Question: Issued capital of A tech ltd.was Rs. 5o cr, co.gets the subscribed capital of Rs.44 cr. Now co. can allot share to shareholders.
Answer: False

Question: APrivate company should appoint minimum three Board of Directors.
Answer: False 

 

Match the following:

Question: Match the following forms of business organizations with their suitable examples
a) Sole Proprietorship           1. AMUL
b) Cooperative Society         2. Airtel
c) Private Company              3. Gupta General Store
d) Public Company               4. BHEL
Answer: a-3, b-1, c- 2 , d-4

Question: Match the following acts with their years
a) Partnership Act                             1. 2013
b) Cooperative Society Act               2. 1956
c) Companies Act                             3. 1932
d) Joint Hindu Succession Act          4. 1912
                                                         5. 1986
Answer: a-3, b-4, c- 1 , d-2 

 

Pictorial questions:-

Question:

CBSE-Class-11-Business-Studies-Forms-Of-Business-Organizations-MCQs -4
Name the type of partnership.
Answer: Particular Partnership

Question:

CBSE-Class-11-Business-Studies-Forms-Of-Business-Organizations-MCQs -3
Describe the liability of a nominal partner.
Answer: Nominal Partner having unlimited liability

Question:

CBSE-Class-11-Business-Studies-Forms-Of-Business-Organizations-MCQs -5
Name the feature of partnership business.
Answer: Earning profit 


One word Answer: type Questions : 

Question: What is ClN?
Answer: CIN stands for ‘Corporate Identity Number’ allotted by the Registrar of Companies on incorporation of a company.

Question: What is the main cause of decline in Joint Hindu Family Business.
Answer: Diminishing number of Joint Hindu Families.

Question: Mention the minimum number of persons required to form a cooperative society.
Answer: Ten adult persons.

Question: It is not formed by an agreement or by a contract. But it comes into existence by the operation of Hindu Law. Name the type of business organisation referred to here.
Answer: Hindu undivided family business.

Question: Name the form of business organisation found only in India.
Answer: Hindu Undivided Family Business.

Question: Name the form of business organisation where there is separation of ownership and management.
Answer: Company form of business.

Question: Name the partner who permits the partnership firm to use his/her name for the benefit of the firm but does not contribute any capital or take part in the management of the business.
Answer: Nominal partner.

Question: Name the type of partnership which is setup to complete a particular project for a specified time period.
Answer: Particular partnership.

 

MCQs for Chapter 2 Forms of Business Organisation Business Studies Class 11

Expert teachers of studiestoday have referred to NCERT book for Class 11 Business Studies to develop the Business Studies Class 11 MCQs. If you download MCQs with answers for the above chapter you will get higher and better marks in Class 11 test and exams in the current year as you will be able to have stronger understanding of all concepts. Daily Multiple Choice Questions practice of Business Studies will help students to have stronger understanding of all concepts and also make them expert on all critical topics. After solving the questions given in the MCQs which have been developed as per latest books also refer to the NCERT solutions for Class 11 Business Studies. We have also provided lot of MCQ questions for Class 11 Business Studies so that you can solve questions relating to all topics given in each chapter. After solving these you should also refer to Class 11 Business Studies MCQ Test for the same chapter.

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