Very
Short Answer type Questions: (1 Mark)
1. Varun is the only owner of his restaurant. Name
the form of business
organization.
2. Name the form of organization found
only in India
3. List two merits of Sole proprietorship.
4. Name any one business in which sole
proprietorship is most suitable.
5. Name the type of partnership which is
formed to accomplish a specific project for
a specific time.
7 Name the process by which a joint stock
company is registered.
8. Name the document which defines the
object and powers of the company.
Short
Answer Type Questions: (3 or 4 Marks)
1. State three advantages of joint Hindu
Family business.
2. Explain the features of a Joint Hindu
Family business.
3. List any three advantages of
partnership.
4. State the important features of
partnership.
5. What are the consequences of non
registration of a partnership firm?
6. Explain any three features of a
company.
7. Enumerate the various types of
cooperative societies.
8. What are the functions of a promoter?
Long Answer
Type Questions: (5 or 6 Marks)
1. Distinguish between Memorandum of
Association and Articles of Association.
2. Why is company form of organization
preferred than other forms of organization?
3. List and explain the factors which help
in choosing an appropriate form of
organization.
HOTs
1. “One man control is the best in the
world if that man is big enough to manage
everything”. Explain.
2. “A private company avoids many of the
defects of a public company”.
Explain.
3. State the reasons for issuing
prospectus:
4. “A company is said to be an artificial
person created by law, having a separate
entity with perpetual succession and a
common seal”. Discuss the above statement.
5. Describe the steps involved in the
floatation of the company.
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