Class 11 Business Studies - Chapter Forms of Business Organisation NCERT Solutions | Discuss the concept, features, advantage

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.

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.

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

Differentiate between a Private Limited Company and a Public Limited Company.

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

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

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?

What are the different types of social responsibilities?

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

Explain briefly the principles of insurance with suitable examples.

Explain in detail the warehousing services.

How does outsourcing represent a new mode of business?

Explain the functions of commercial banks with an example of each.

Define 'Memorandum of Association' and its significance.

What is the role of profit in business?

Explain the social responsibilities of a business towards various stakeholders.

List the principles of insurance.