Forms of Business organization – Test 3

Characteristics of a company:-

Characteristics of a company:

Which of the following can be treated as the official signature of the company?

1. Rubber stamp

2.  A common seal

Select correct answer from the option given below.

In relation to liability of the shareholders of a limited company the shareholders may be asked to pay the …..

The life of a company is not affected by the …… of a share holder.

The company can-

The management of the company is carried on by the elected…..

Which of the following is/are disadvantage of a company from of organization?

Which of the following is/are disadvantages of a company form of organization?

…… is a body that is created under an Act of Parliament or an Act of State Legislatures.

Statutory body is a body that is created under an-
(1) Act of Parliament
(2) Act of State Legislatures
Select the correct answer from the option given below.

which of the following is example of a public corporation?
I. Life Insurance Corporation of India (LIC)
III. Employees State Insurance Corporation(ESIC)
IV. Industrial Development Bank of India (IDBI)
Select the correct answer from the option given below.

Features(s) of a public corporation is/are:

Feature(s) of a public corporation is/are

The public corporation is suitable for undertakings requiring monopoly powers, e.g, public utilities.

Which of the following is voluntary association of persons who work together to promote their economic interest?

The main objective(s) of co- operative society is/are: ……..

…….. are formed by small farmers to work jointly and thereby enjoy the benefits of large-scale farming.

Which of the following organization is formed to provide residential houses to members?

Which of the following is example of consumers’ co-operative society?

Which of the following is example of producers’ co-operative society?

Handloom societies like APPCO, Baynaika, Haryana Handloom, etc., are examples of

Village Service Co-operative Society and Urban Cooperative Banks are example of …..

Lift-irrigation cooperative societies and pani-panchayats are some of the examples of ….

Which of the following can be treated as characteristic of co-operative society?