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Class 11 Business Studies: Forms of Business Organisation — Chapter Test 1

Class 11 • Business Studies • Forms of Business Organisation • Chapter Test

MediumFREE

15

Questions

20 min

Duration

15

Marks (1 each)

No

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

  • • Read each question carefully and pick the correct answer.
  • • You can mark questions for review and come back to them.
  • • Answers are saved automatically.
  • • The test is submitted automatically when time runs out.

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This test is completely free.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15
In a sole proprietorship, the liability of the owner is:
A
limited
B
unlimited
C
zero
D
shared
View Correct Answer & Step-by-Step Solution
Correct Option:(B)unlimited

Detailed explanation is available inside the official test attempt review.

Question 2 of 15
A Hindu Undivided Family business is managed by the:
A
youngest member
B
Karta (eldest member)
C
government
D
all members equally
View Correct Answer & Step-by-Step Solution
Correct Option:(B)Karta (eldest member)

Detailed explanation is available inside the official test attempt review.

Question 3 of 15
The maximum number of members in a private company is:
A
50
B
200
C
unlimited
D
20
View Correct Answer & Step-by-Step Solution
Correct Option:(B)200

Detailed explanation is available inside the official test attempt review.

Question 4 of 15
The minimum number of members in a public company is:
A
2
B
7
C
10
D
50
View Correct Answer & Step-by-Step Solution
Correct Option:(B)7

Detailed explanation is available inside the official test attempt review.

Question 5 of 15
A company has:
A
no legal existence
B
a separate legal entity from its members
C
unlimited liability always
D
no seal
View Correct Answer & Step-by-Step Solution
Correct Option:(B)a separate legal entity from its members

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 11 Business Studies: Forms of Business Organisation — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Forms of Business Organisation" of Class 11 Business Studies. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.