MCQ Questions Class 11 Forms of Business Organisation With Answers

CBSE Class 11 Forms of Business Organisation Multiple Choice Questions with Answers. MCQ Questions Class 11 Forms of Business Organisation with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Forms of Business Organisation with Answers to know their preparation level.

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MCQ Questions Class 11 Forms of Business Organisation with Answers - Set - 3

Question 1:

The simplest form of business ownership is a:
(a) proprietorship.
(b) partnership.
(c) corporation.
(d) cooperative.

Check Answer

Correct Answer – (A)

Question 2:

A partner who is not actually involved in the partnership but lends his name for public relations purposes is a:
(a) silent partner.
(b) general partner.
(c) nominal partner.
(d) dominant partner.

Check Answer

Correct Answer – (C)

Question 3:

Which of the following is an example of a non profit organization?
(a) Royal Bank.
(b) YMCA.
(c) BCE.
(d) Air Canada.

Check Answer

Correct Answer – (B)

Question 4:

The most effective form of business organization for raising capital is the:
(a) joint venture.
(b) partnership.
(c) corporation.
(d) proprietorship.

Check Answer

Correct Answer – (C)

Question 5:

The board of directors of a joint stock company is elected by
(a) General public
(b) Government bodies
(c) Shareholders
(d) Employees

Check Answer

Correct Answer – (C)

MCQ Questions Class 11 Forms of Business Organisation With Answers

Question 6:

The main disadvantage of a general partnership is:
(a) the unlimited liability of the partners.
(b) disagreement amongst partners.
(c) shared management.
(d) difficulty of termination.

Check Answer

Correct Answer – (A)

Question 7:

Which of the following is an example of a public corporation?
(a) Imperial Oil.
(b) Hospital for Sick Children.
(c) Mouvement Caisse Desjardin.
(d) YMCA.

Check Answer

Correct Answer – (A)

Question 8:

The major advantage of a franchise is:
(a) training and management assistance.
(b) personal ownership.
(c) nationally recognized name.
(d) all of the above.

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