Forms of Business Organisation

Q 1.

X is interested in the floatation of a company. Briefly discuss the steps he should take.

Q 2.

What is the role of Karta in Joint Hindu Family business?

Q 3.

Compare the status of a minor in a Joint Hindu Family Business with that in a partnership firm.

Q 4.

What is meant by ˜partner by estoppel'? Explain.

Q 5.

Define promoter. What are the functions of a promoter?

Q 6.

Explain meaning, features, merits and demerits of Sole Proprietorship.

Q 7.

Explain different types of partners.

Q 8.

Explain procedure of registering a partnership firm.

Q 9.

Explain procedure of registering a partnership firm.

Q 10.

Explain meaning, features, merits and demerits of partnership firm.

Q 11.

What are the steps required for raising funds from public?

Q 12.

What do you mean by incorporation of a company? What are the steps involved in corporation of a company?

Q 13.

Explain meaning, features, merits and demerits of joint stock company.

Q 14.

State the important privileges available to a private company.

Q 15.

Discuss the characteristics, merits and limitations of the cooperative form of organization. Also describe briefly different types of cooperative societies.

Q 16.

For which of the following types of business do you think a partnership firm of organization would be more suitable, and why?
(i) Grocery store (ii) Medical store
(iii) Legal consultancy (iv) Craft centre
(v) Internet cafe (vi) Chartered accountancy firm

Q 17.

Define Articles of Association. What are its contents?

Q 18.

Explain the contents of Memorandum of Association.

Q 19.

Is registration of partnership firm compulsory? What are the consequences of non-registration?

Q 20.

Distinguish between a Joint Hindu family business and partnership.

Q 21.

What do you understand by a.sole proprietorship firm? Explain its merits and limitations.

Q 22.

Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organization. Why?

Q 23.

Distinguish between a Joint Hindu family business and partnership.

Q 24.

Explain the concept of mutual agency in partnership with suitable example.

Q 25.

For which of the following types of business do you think a sole proprietorship firm of organization would be more suitable, and why?
(i) Grocery store (ii) Medical store
(iii) Legal consultancy (iv) Craft centre
(v) Internet cafe (vi) Chartered accountancy firm

Q 26.

Explain the meaning, features, merits and demerits of cooperative society.

Q 27.

Explain different types of partners.

Q 28.

Explain the following terms in brief:
(i) Perpetual succession (ii) Common seal
(iii) Karta (iv) Artificial person

Q 29.

If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.

Q 30.

How does a cooperative society exemplify democracy and secularism? Explain.

Q 31.

Why is partnership considered by some to be a relatively unpopular form of business ownership? Explain the merits and limitations of partnership.

Q 32.

Differentiate between:

• Memorandum of Association and Articles of Association.
• Private and Public Company