Forms of Business Organisation — Important Questions
CBSE · Class 11 · Business Studies
85 important questions from Forms of Business Organisation for CBSE Class 11 Business Studies, with answers. Includes multiple choice, multiple correct.
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Important Questions from Forms of Business Organisation
What type of liability do members have in a cooperative society?
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Limited liability
In a cooperative society, members' liability is limited to the amount of capital they have contributed.
What is the maximum number of members in a private limited company?
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200
A private limited company can have a maximum of 200 members, excluding past and present employees.
In a partnership, what is the nature of liability?
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Unlimited and joint liability
In a partnership, partners have unlimited and joint liability, meaning they are collectively responsible for the firm's debts.
What is a key characteristic of a sole proprietorship?
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Single owner
A sole proprietorship is owned, managed, and controlled by a single individual.
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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