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Important Questions

Setting up an Enterprise

NIOS · Class 10 · Entrepreneurship

Most important questions from Setting up an Enterprise for NIOS Class 10 Entrepreneurship board exam 2026. MCQs, short answer, and long answer questions with marks.

48 questions40 flashcards5 concepts

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48 Questions·
multiple choicetrue falsemultiple correct

Sample Questions

1multiple choice
1 marks

What is the liability of partners in a partnership firm?

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Unlimited liability

Partners in a partnership firm have unlimited liability, meaning personal assets can also be used to meet business liabilities.

2multiple choice
1 marks

Which form of organisation is a hybrid of partnership and company?

Show answer

Limited Liability Partnership

An LLP is a hybrid form of organisation containing features of both a traditional partnership and a company.

3multiple choice
1 marks

Which Act governs a limited liability partnership?

Show answer

LLP Act, 2008

LLPs are governed by the Limited Liability Partnership Act, 2008.

4multiple choice
1 marks

What is the minimum number of persons needed to incorporate an LLP?

Show answer

Two

An LLP requires a minimum of two persons for incorporation.

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Frequently Asked Questions

What are the important topics in Setting up an Enterprise for NIOS Class 10 Entrepreneurship?
Setting up an Enterprise covers several key topics that are frequently asked in NIOS Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Setting up an Enterprise — NIOS Class 10 Entrepreneurship?
Understand the core concepts first, then work through the 48 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Setting up an Enterprise?
There are 48 practice questions available for Setting up an Enterprise. These cover multiple question types including MCQs, short answer, and long answer questions.

Sources & Official References

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

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