Class 11 Business Studies - Chapter Formation of a Company NCERT Solutions | Explain the process of incorporation of

What is the role of promoters in the formation of a company?

Analyze the significance of the 'Prospectus' in the formation of a public company.

Define 'Memorandum of Association' and its significance.

Elaborate on the contents of the 'Memorandum of Association' and their significance.

What is the 'Certificate of Incorporation,' and why is it important?

Describe in detail the stages involved in the formation of a public company.

What are the legal effects of the 'Certificate of Incorporation'?

Discuss the importance of the 'Articles of Association' in a company.

Define services and goods.

State any three differences between e-business and traditional business.

1. The structure in which there is separation of ownership and management is called
(a) Sole proprietorship (b) Partnership
(c) Company (d) All business organisations

2. The karta in Joint Hindu family business has
(a) Limited liability (b) Unlimited liability
(c) No liability for debts (d) Joint liability

3. In a cooperative society the principle followed is
(a) One share one vote (b) One man one vote
(c) No vote (d) Multiple votes

4. The board of directors of a joint stock company is elected by
(a) General public (b) Government bodies
(c) Shareholders (d) Employees

5. Profits do not have to be shared. This statement refers to
(a) Partnership (b) Joint Hindu family business
(c) Sole proprietorship (d) Company

6. The capital of a company is divided into number of parts each one of which are called
(a) Dividend (b) Profit
(c) Interest (d) Share

7. The Head of the joint Hindu family business is called
(a) Proprietor (b) Director
(c) Karta (d) Manager

8. Provision of residential accommodation to the members at reasonable rates is the objective of
(a) Producer’s cooperative (b) Consumer’s cooperative
(c) Housing cooperative (d) Credit cooperative

9. A partner whose association with the firm is unknown to the general public is called
(a) Active partner (b) Sleeping partner
(c) Nominal partner (d) Secret partner

1. A government company is any company in which the paid up capital held by the government is not less than
(a) 49 per cent (b) 51 per cent
(c) 50 per cent (d) 25 per cent

2. Centralised control in MNC’s implies control exercised by
(a) Branches (b) Subsidiaries
(c) Headquarters (d) Parliament

3. PSE’s are organisations owned by
(a) Joint Hindu family (b) Government
(c) Foreign Companies (d) Private entrepreneurs

4. Reconstruction of sick public sector units is taken up by
(a) MOFA (b) MoU
(c) BIFR (d) NRF

5. Disinvestments of PSE’s implies
(a) Sale of equity shares to (b) Closing down private sector/public operations
(c) Investing in new areas (d) Buying shares PSE’s

6. The equity-based joint venture does not include
(a) Cooperative development (b) Company
(c) Partnership (d) Limited liability partnership

List any five major commercial cities of ancient India?

What is meant by Social Responsibility in Business?

What is e-banking. What are the advantages of e-banking?

How does outsourcing represent a new mode of business?

What is Hundi?

What are the causes of environmental pollution by businesses?

Describe the importance of insurance in business.

What is a Public Sector Enterprise?

List the principles of insurance.

What are the differences between Public and Private Enterprises?

Explain the functions of commercial banks.

Explain the challenges faced by Public Sector Enterprises in India and suggest measures for improvement.

What are the features of a Joint Venture?

What is the role of profit in business?

What do you understand by maritime trade?

Define services and goods.