Liability of a minor partner is:
Unlimited
Limited
No liability
None of these
A company form of organization is governed by the:
Parliament Act
Companies Act,1956
Companies Act,1947
In which state 'Dayabhag' system is applicable?
Uttar pradesh
Assam
Karnataka
West Bengal
Which organisation has to wait for the receipt of 'Certificate of Commencement' before it can start a business?
Private company
Public company
Sole proprietorship
Partnership
The minimum number of directors in a private company is:
3
1
2
5
A partner who allows the use of his/her name by a firm, but does not contribute to its capital.
Active
Dormant
Nominal
Secret
Which is the oldest form of business organization in the country?
Joint stock company
Joint Hindu Family Business
A private company can start a business as soon as it receives the:
Certificate of Registration
Certificate of Incorporation
Certificate of Commencement
Certificate of Filing the Registration
The main motive of a cooperative society is:
Enhancing loans
Distribution of profit
Service Motive
Profit sharing
Liability of a sole proprietorship is:
Joint
No liability for debts.