Class 11 Business Studies - Chapter Forms of Business Organisation NCERT Solutions | Differentiate between a Private Limited

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

What is a Sole Proprietorship? Explain its significance in small-scale businesses.

Discuss the concept, features, advantages, and limitations of a Joint Stock Company.

What is a Partnership Deed, and why is it essential?

List and briefly explain any two distinguishing features of a Joint Stock Company.

Analyze the factors influencing the choice of a business organization with examples.

Discuss the features of a Sole Proprietorship and its suitability for specific types of businesses.

What are the advantages and limitations of a Partnership as a form of business organization?

Elaborate on the different types of cooperative societies and how they address specific needs.

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

Define services and goods.

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

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?

Define 'Memorandum of Association' and its significance.

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

How does outsourcing represent a new mode of business?

What is Hundi?

Elaborate on the concept and elements of business ethics.

Explain the need for social responsibility in businesses.

What are the arguments against social responsibility?

Describe briefly any two applications of e-business.

Define Industry. Explain various types of industries giving examples.

What were the different types of Hundi in use by traders in ancient times?

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

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

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

Describe the activities relating to commerce.