The consumer's cooperative society aims at eliminating whom to achieve economy in operations?
Producers
Consumers
Middlemen
All of these
'Members limited liability' is one of the ____________ of the cooperative society.
Advantages
Limitation
Feature
None of these
Who bears the risk of losses in a company?
Director
Staffs
All share holders
'Perpetual succession' is found in
Partnership
Company
Sole proprietorship
The capital of a company is divided into number of parts, each part is known as
Dividend
Profit
Interest
Share
The minimum paid up capital of a public company is
5 lakhs
2 lakhs
1 lakh
10 lakhs
Which one of the following is not a merit of Hindu Undivided Family business?
Limited liability
Continued business existence
Limited resources
Effective control
Which one of the following is not a merit of Joint Hindu Family business?
Increased loyalty and cooperation
Limited liability for members
Limited managerial skills
The liability of partners in a general partnership is
Limited
Unlimited
No liability
Whose association with the firm is unknown to the general public?
A Secret Partner
An Active Partner
A Nominal Partner
