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Question
State with reasons whether the following statement true or false.
There is no limit for membership in Joint Hindu family Business.
Options
True
False
Solution
There is no limit for membership in Joint Hindu family Business: True
Explanation: In a joint family business, each member of the family becomes a coparcener in the business by virtue of his or her birth. No agreement is required to become the member of the business. Thus, there is no limit for membership in Joint Hindu family Business.
RELATED QUESTIONS
Multinational companies have a network of subsidiaries in _________.
Select the proper option from the options given below and rewrite the completed sentence.
Business organization which is controlled by Hindu succession Act is known as ________
Select the proper option from the options given below and rewrite the completed sentence.
From the point of continuity ________ business organizations is the most suitable.
Match the correct pairs.
| Group “A” | Group “B” | ||
| a) | Private company | 1) | Compulsory |
| b) | Public company | 2) | Minimum 7 members |
| c) | Common Seal | 3) | Maximum 50 members |
| d) | Registration of a company | 4) | 61% share capital |
| e) | Government company | 5) | 51% share capital |
| 6) | Symbol of a company | ||
| 7) | Optional | ||
| 8) | Simple formation | ||
| 9) | Easy dissolution | ||
| 10) | Hindu succession Act 1956 |
Write a word or a phrase or a term which can substitute the following.
An elected body of representatives of a co-operative organization for its day-to-day administration.
Write a word or a phrase or a term which can substitute the following.
'One man show' type of business organization.
Write short note on the following.
Merits of Joint Hindu family
Write short note on the following.
Demerits of Co-operative society
State with reasons whether the following statement true or false.
The liability of a Karta in a Joint Hindu family firm is limited.
State with reasons whether the following statement true or false.
The main purpose of a co-operative organization is to earn profit.
State with reasons whether the following statement true or false.
In partnership agreement may be oral or written.
State with reasons whether the following statement is true or false.
A sole trading concern is easiest to form.
Write short answer of the following.
State the demerits of proprietorship.
Write short answer of the following.
State the types of partnership firm.
Long answer type question.
Define partnership firm. Explain its merits and demerits.
Long answer type question.
Define a Joint Hindu family firm. Explain its merits and demerits.
Long answer type question.
Define Co-operative society. Explain its features.
Long answer type question.
Define Joint Stock Company. Explain its merits and demerits.
