CBSE Class 12 Entrepreneurship Forms of Business Organisation Worksheet Set 02

Class 12 Entrepreneurship Practice Set: Forms of Business Organisation

Access printable practice worksheets for Forms of Business Organisation designed to align with the 2026-27 academic syllabus for Class 12 Entrepreneurship. These structured exercises help students evaluate their conceptual understanding and improve exam readiness.

Download Forms of Business Organisation Worksheet PDF

View or download the dedicated Forms of Business Organisation practice resource below. Engaging with these objective and subjective questions daily ensures continuous academic progress and mastery of the 2026-27 curriculum.

FORMS OF ORGANIZATION
 
1 Distinguish between a Joint Stock Company and Joint Hindu Family Business on the basis of liability of its members.
 
2 What is meant by Business? List the different categories in which business activities can be classified.
 
3 Differentiate between ‘Value-Added-Tax’ and ‘Sales Tax’
 
4 Before operationalization of a Hindu Undivided Family Business, its Karta has to fulfill certain legal formalities. Explain any three such legal formalities.
 
5 Rajiv was engaged in toy manufacturing business and was earning good profits. Out of his profits he purchased two houses in a good residential locality. Nilesh, Rajiv’s friend asked him to sell one of his houses to him as Nilesh was in need of the same. Rajiv agreed and sold one of his houses to Nimesh at a good profit.Giving reason in support of your answer state whether the sale of house by Rajiv will be treated as business. State any two essential features of a business.
 
6 State two conditions for existence of Hindu Undivided Family.
 
7 What is PAN (Permanent Account Number)? Why is it required?
 
8 What is meant by partnership? State the consequences of non-registration of a partnership firm.
 
9 List any two categories of persons that are required to obtain registration from ‘Central Excise Department’.
 
10 What is meant by ‘mutual agency of partners’?
 
11 Explain the forms of utilities which are resulted from business.
 
12 Define a Company. When is company form of business suitable?
 
13 Bob, Penny, Honey and Lilly were childhood friends. They studied together till class XII. Bob and Penny became doctors and Honey and Lilly became Engineers. All of them had good earnings. They were creative and innovative and wanted to start a business. Bob and Penny gave an idea to manufacture a machine which would help the surgeons in doing surgery without much blood loss. Honey and Lilly agreed to it, but they were short of capital. They estimated that
approximately Rs.2 crores would be required to finance the project, which would be collected by them from their friends and relatives. They also wanted that their private properties should not be used to pay off the liabilities of the business.
(i) Considering the above facts suggest the suitable ‘type of business organization’ to be formed.
(ii) State any three features of the suggested type of business organization, including the one stated in the above para.
(iii) List any four privileges of this type of business organization.
 
14 Kareem after completing his XII class from his villager school joined the course of electrician in an ITI in a town near his village. On completion of this course, he tried for a government job but could not get the same. He therefore, decided to work as a helper to a renowned electrician of the area. After working with him for 2 years, he decided to start his own electrician shop in the village. For this he purchased equipment of Rs.10,000 and hired a shop at a monthly rent of Rs.2,000. He himself managed the shop.
(a) Identify the kind of business organization set up by Kareem.
(b) State any four characteristics of the identified form of business organization
 
15 Mention the factors affecting the selection of form of Business organization.


Please click on below link to download CBSE Class 12 Entrepreneurship Forms of Business Organisation Worksheet Set B

Free study material for Entrepreneurship

Download CBSE Practice Material: Class 12 Entrepreneurship Forms of Business Organisation

Chapter Practice Questions for Class 12 Entrepreneurship

Explore reliable practice questions for Forms of Business Organisation tailored for Class 12 Entrepreneurship learners. Use these structured worksheets to evaluate preparedness and strengthen problem-solving skills.

Expert Practice Material for Class 12 Entrepreneurship

Cross-reference your completed exercises with comprehensive NCERT solutions for Class 12 Entrepreneurship to ensure absolute clarity across all sub-topics in this chapter.

Complete Your Chapter Revision

Follow up your worksheet practice by attempting the interactive online Entrepreneurship MCQ test for this chapter to evaluate your execution speed. All platform resources are free to access.

FAQs

Where can I download the latest PDF for CBSE Class 12 Entrepreneurship Forms of Business Organisation Worksheet Set 02?

You can download the teacher-verified PDF for CBSE Class 12 Entrepreneurship Forms of Business Organisation Worksheet Set 02 from StudiesToday.com. These practice sheets for Class 12 Entrepreneurship are designed as per the latest CBSE academic session.

Are these Entrepreneurship Class 12 worksheets based on the 2026-27 competency-based pattern?

Yes, our CBSE Class 12 Entrepreneurship Forms of Business Organisation Worksheet Set 02 includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 12.

Do you provide solved answers for CBSE Class 12 Entrepreneurship Forms of Business Organisation Worksheet Set 02?

Yes, we have provided detailed solutions for CBSE Class 12 Entrepreneurship Forms of Business Organisation Worksheet Set 02 to help Class 12 and follow the official CBSE marking scheme.

How does solving CBSE Class 12 Entrepreneurship Forms of Business Organisation Worksheet Set 02 help in exam preparation?

Daily practice with these Entrepreneurship worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 12 students get more marks in CBSE exams.

Is there any charge for the Class 12 Entrepreneurship practice test papers?

All our Class 12 Entrepreneurship practice test papers and worksheets are available for free download in mobile-friendly PDF format. You can access CBSE Class 12 Entrepreneurship Forms of Business Organisation Worksheet Set 02 without any registration.