DELHI PUBLIC SCHOOL - BOPAL, AHMEDABAD

BUSINESS STUDIES ASSIGNMENT

Chapter : 2 Forms of Business Organizations

CLASS: XI DOS: 20/6/2023

Mcqs

1) In which type of business organisation the owner does not share his/her profit.
a) Partnership c) Sole proprietorship
b) Cooperative society d) Joint Hindu family ( C )

2) Which type of business organisation is the most popular and suitable for Small business.
a) Joint Hindu Family c) Partnership
b) Sole Proprietorship d) Cooperative society (B)

3- Which type of business organisation is easy to form and there is no separate low for
a) Sole Proprietorship c) Joint Hindu Family
b) Cooperative society d) Partnership (A)

4) Which is not a limitation of Sole proprietorship.

a) Limited resources c) Easy formation
b) Limited life of business d) limited managerial ability (B)

5) Which is not a feature of sole proprietorship.

a) Unlimited liability c) limited managerial ability
b) Ease of formation d) Quick decision making ( C)

6) The maximum no. of members in a partnership business is. (d)

(a). 7 (b). 20 (c). 10 (d). 50

7) The Act which governs the formation of a partnership business is Indian Partnership Act. (a)
(a). 1932 (b). 1956 (c). 1949 (d). 1912

8)This type of cooperative society is set up with the aim of eliminating middlemen
a) Producer‟s Cooperative Society b) Marketing Cooperative Society
c) Consumer‟s Cooperative Society d) Farmer‟s Cooperative Society Ans- c

9)The cooperative society is required to be registered under the Cooperative Society Act______
a) 2013 b) 1932 c) 1956 d) 1912 Ans- d

Short Answer Questions ( 3 or 4 mark)

1. If registration is optional, why do partnership firms willingly go through this legal formality
and get themselves registered? Explain
2. Explain important privileges available to a private company
3. Discuss any three factors which are taken into consideration in the choice of form of business
organization
4. What is the position of a partner when: (a) he is a minor (b) he attains majority.

Long Answer Questions (5 or 6 mark)

5. "One man control is the best in the world if that man is big enough to manage everything".
Explain statement.
6. Why is partnership considered by some to be a relatively unpopular form of business
ownership? Explain the merits and imitations of partnership

7. The business assets of an organization amount to Rs 50,000 but the debts that remain
unpaid are Rs 80,000. What course of action can the creditors take if:
(a) The organization is a sole proprietorship firm.
(b) The organization is a partnership firm with Amar and Prem as partners, who share profits
& losses equally. Which o f the two partners can the creditors approach for repayment of debt?
Explain giving reason.