Question

JAI GURU DEV

MAHARISHI INTERNATIONAL RESIDENTIAL SCHOOL-KANCHIPURAM.

2020-2021 - UNIT TEST-I

BUSINESS STUDIES

STD:XI -B1& B3 MARKS: 50

DATE: 19.08.2020 DURATION:90 mins

SECTION A (10X1=10)

I.Answer the following questions each carry one mark (25x1 = 25)

1. Which of the following is characteristics of a co-operative?

a.One man one vote b.Profits are not subject to Income tax

c.Dividends are paid on per share basis

2. A ___________ provides of the greatest degree of continuity.

a. A general partnership b.Corporation c.Sole proprietorship

3. A partner who is not actually involved in the partnership but lend his

name for public relations purpose is a _____________

a. Silent partner b. General partner c. Nominal partner.

4. Which of the following is an advantage of a sole proprietorship?

a. Pride of ownership b. Being your own boss c. Both

5. Which of the broad categories of industries covers oil refinery and

sugar mills?

a. Primary industry b. Secondary industry c. Tertiary industry.

6. The occupation in which people work for others and get remunerated in

return is known as

a. Business b. Employment c. Profession

7. Which of the following cannot be classified as objectivity of business?

a. Investment b. Productivity c. Innovation

8. The KARTA in joint hindu family business as

a. Limited liability b. Unlimited liability c. Joint liability

9. Profit do not have to be shared. This statement refers to

a. Partnership b. Joint Hindu family business c. Sole proprietorship​

Answer 1

Answer:

innovation

joint liability

solo partnership

Explanation:

please mark as brainliest