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Sole Proprietorship, Partnership & Hindu Undivided Family

NIOS · Class 10 · Business Studies

Practice quiz for Sole Proprietorship, Partnership & Hindu Undivided Family — NIOS Class 10 Business Studies. MCQs and questions with answers to test your preparation.

55 questions35 flashcards5 concepts

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Quick Quiz: Sole Proprietorship, Partnership & Hindu Undivided Family

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1

What is the meaning of sole proprietorship form of business organisation?

2

Which is a characteristic of sole proprietorship?

3

What happens to profit and loss in a sole proprietorship?

4

What is meant by one-man control in sole proprietorship?

55 Questions·
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Sample Questions

1multiple choice
1 marks

Which feature of sole proprietorship refers to the ease of starting the business?

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Ease of formation

Sole proprietorship is easy to form because it needs minimum legal formalities.

2multiple choice
1 marks

How are the people who join hands in a partnership individually called?

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Partner

Each individual in a partnership is called a partner.

3multiple choice
1 marks

What is the collective name for the partners in a partnership business?

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Firm

The partners collectively are called a firm.

4multiple choice
1 marks

What is the name under which a partnership business is carried on?

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Firm name

A partnership business is carried on under a firm name.

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Frequently Asked Questions

What are the important topics in Sole Proprietorship, Partnership & Hindu Undivided Family for NIOS Class 10 Business Studies?
Key topics in Sole Proprietorship, Partnership & Hindu Undivided Family include Complete Chapter Concept Map: Forms of Business Organisation, Chapter Overview: Forms of Business Organisation, Forms of Business Organisation — Complete Overview. These are the concepts NIOS Class 10 examiners draw on most — study them first, then practise related questions.
How to score full marks in Sole Proprietorship, Partnership & Hindu Undivided Family — NIOS Class 10 Business Studies?
Understand the core concepts first, then work through the 55 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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