All members have equal ownership right over the property of an ancestor and they are known as:
Partners
Co-parceners
Members
Owners
Which of the following is a sole proprietorship?
Beauty parlour
School
Hospital
None of these
A partner who do not take part in the day to day activities of a business are called:
Sleeping partner
Nominal partner
Secret partner
Active partner
The complexity in formation of a company is its greatest
Merit
Feature
Limitation
The maximum number of partners in a general business is
10
22
20
No limit
A minor partner has a _____________ liability .
Unlimited
Limited
No liability
What is the main motive of a cooperative society?
To get maximum profits
Welfare of members
Welfare of society
All the above
'Each for all and all for each' is the basic principle of
Cooperative societies
Partnership
Company
Sole proprietorship
The minimum paid up capital of a public company is
5 lakhs
2 lakhs
1 lakh
10 lakhs
In sole proprietorship, the right to take all decisions lies with whom?
Manager
Director
Sole Proprietor
