Question

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

Answer 1

Answer:

The Head of the joint Hindu family business is called KARTA

Among the given options option (c)  KARTA is the correct answer.

Explanation:

Karta is the senior member of the family who runs the business. Karta is in full control of finance. According to Hindu succession Amendment Act 2005 , a female can also be member and Karta. The karta is free to take on important decisions of the family business. The Karta has none to consult ,none to call and approve

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Here are some more questions from this chapter :  

Profits do not have to be shared. This statement refers to  

(a) Partnership  

(b) Joint Hindu family business

(c) Sole proprietorship  

(d) Company

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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

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Answer 2

Answer:

karta

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