WORK-SHEET 2

FORMS OF BUSINESS
ORGANISATIONS.

Q.1 ANSWER THE

FOLLOWING. ( 1 mark each)

1) Define sole proprietorship.

2) Explain the role of ‘Karta’
in Joint Hindu Family
Business.
3) Explain the meaning of co-
parcener.
4) Explain the concept of
‘partner by holding out’.
5) Can a minor admitted as a
partner by holding out?
6) What is meant by ‘partner
by estoppels?
7) List different types of
companies on the basis of
ownership.
8) What is an entrepreneur?
9) What is private company?
10) What do you mean by
public company?
11) What term is used to refer
to physical arrangement of
machines and equipments
needed to manufacture a
product?
12) Which organization are
establish to help people with
limited income to construct
houses at reasonable cost?
 13) Pankaj an Dhiraj has a
firm formed for the
construction of a dam. Name
the type of partnership.
14) “Both Public and Private
company, can commence
business after obtaining
Certificate of Incorporation”.
Do you agree?
15) Mayank and Naman (both
above 18 years of age) want
to form a partnership with
Ankit (aged 16 year) . Is the
formation of partnership firm
valid?

Q.2 ANSWER THE

FOLLOWING. (4 or 5 marks
each)
1) Distinguish between
partnership and a company.
2) What is an partnership
deed? Explain the important
contents of partnership
deed.
3) What do you mean by
Joint Hindu Family Business?
What are it’s features?
4) Differentiate between’
partnership at will’ and’
particular partnership’.

Q.3 ANSWER THE

FOLLOWING. ( 5 or 6 marks
each)
1) Define private company.
Describe the privilege of
private company.
2) How will you make the
choice of form of
organization?
3) Differentiate between
Sole Trading and Partnership.
4) Differentiate between Co-
operative Society and
Partnership.

x-----x