Joint Hindu family business is governed by __________ law.
Muslim
Hindu
Traditional
None of these
Which one of the following is not a merit of Hindu Undivided Family business?
Limited liability
Continued business existence
Limited resources
Effective control
In which partnership, it does not get terminated with the death, lunacy or insolvency of the limited partner?
General
Limited
Particular
Who bears the risk of losses in a company?
Director
Staffs
All share holders
Which one of the following is the limitation of sole trade?
Unlimited liability
Sense of accomplishment
Direct incentive
Which of the following is an artificial person having a separate legal entity?
Company
Sole trade
Partnership
Cooperative society
Which is the most suitable form of business in the initial years of operation?
Joint stock company
Sole proprietorship
In which state 'Dayabhag' system is applicable?
Uttar Pradesh
Assam
Karnataka
West Bengal
The minimum number of directors in a public company is
2
3
1
5
In sole proprietorship, the right to take all decisions lies with whom?
Manager
Sole Proprietor
