Select the correct option and rewrite the sentence.

1) A sole trading concern ensures …………… business secrecy.
(a) Maximum  (b) minimum  c) limited
Ans:- (a) Maximum  

2) The members of Hindu undivided family business are called.
   (a) Carpenter     (b) co- parcener     (c) parceners
Ans:- (b) co- parcener 

3) The head of Joint Hindu Family Business is called as……………
(a) KARTA   (b) owner   (c) manager
Ans:- (a) KARTA

4) Registration of partnership firm is …………… In Maharashtra.
(a) Voluntary (b) compulsory (c) easy
Ans:- (b) compulsory 

5) The liability of the shareholders in Joint Stock Company is…………
(a) Limited (b) unlimited (c) restricted
Ans:- (a) Limited

6) A Joint Stock Company is an artificial person created by………….
(a) Law (b) Articles (c) Memorandum
Ans:- (a) Law

7) Registration of a J Joint Stock Company
(a) Compulsory   (b) free   (c) not required
Ans:- (a) Compulsory 

8) Liability of member of a Co-operative Society
(a) Limited   (b) restricted   (c) maximum
Ans:- (a) Limited

9) Indian Co-operative Society’s Act was passed
(a) 1912 (b) 1913 (c) 1911
Ans:- (a) 1912

10) …………… acts as a signature of the company.
(a) Common seal   (b) Common sign    (c) Common Image
Ans:- (a) Common seal