TN STATEBOARD 11th COMMERCE CHAPTER 4
TEST
SOLE PROPREITORSHIP CHAPTER TEST
TEST –4
PADVIKSHA BLOG
TIME:
1 HOUR 15 Minutes
TOTAL MARKS: 25
I
Multiple Choice Questions (MCQ) (Mark- 5 x 1 = 5)
Write
all questions
Question 1.
…………….. is that form of business
organisation which is owned and controlled by a single individual.
(a) Sole trading concern
(b) Partnership firm
(c) Joint Hindu family business
(d) Joint stock companies
Question 2.
…………….. Is known as individual
entrepreneurship.
(a) Partnership
(b) Sole trader
(c) Joint stock company
(d) Co – operative
Question 3.
When his business assets are not
sufficient to pay off the business debts, he has to pay from his personal
property.
(a) Unlimited Liability
(b) Flexibility
(c) Small capital
(d) Limited Liability
Question 4.
“He receives all the profits and risks
all of his property in the success or failure of the enterprise”- was said by
(a) Wheeler
(b) J.L. Hansen
(c) H.Haney
(d) O.R. Krishnasamy
Question 5.
Which of the following is under non –
corporate enterprise?
(a) Government
(b) Co – operative
(c) Company
(d) Sole trading concern
II
VERY SHORT ANSWER QUESTIONS. (3x2=6)
Write
Any 3 Questions:
1. What should be the Government role in sole
proprietorship?
2. Who is called Sole Trader?
3. For which of the following types of
business do you think a sole proprietorship form of organization would be more
suitable, and why?
1. Grocery store
2. Medical store
3. Craft center
4. Legal consultancy
5. Internet café
4. Mahesh is a young graduate who has
inherited a sum of Rs 1, 00,000 by way of family savings. He also has a family
house to which he has sole title as the only son of his father. He is thinking
of starting a small factory for the manufacture of plastic toys. What form of
ownership organisation will you advise him to choose?
5. How was the decisions taken in sole
proprietorship?
III
Short answer questions. (3 X 3 = 9)
WRITE
ANY 3 QUESTIONS
1. How is it possible to maintain
secrecy in sole proprietorship?
4. What is limited capital?
5. Give some examples of sole trading
business.
IV.
Long Answer question (1 x 5 = 5)
1. Explain the characteristics of sole
trading business.
2. What are the Advantages and
Disadvantages of Sole trading Business? Write 3 points for each.
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ALL THE BEST ******************