Q1 of 18 Page 265

Fill in the blanks in the following sentences with appropriate words:

The only business concern under private business organization found in India is ______ .


The only business concern under private business organization found in India is Hindu Undivided Family Firms.

Explanation: ‘Hindu undivided family business’ is an Indian phenomenon as such firms are only found in India. Joint Hindu families, form, own and manage such firms in accordance to the ‘Hindu Law’.


More from this chapter

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1 C

Fill in the blanks in the following sentences with appropriate words:

The Maximum number of partners in a firm which carries out banking business is ______ .


 1 D

Fill in the blanks in the following sentences with appropriate words:

The Head of the Hindu undivided family business is known as______ .


 2 A

Answer the following questions in one or two sentences each:

Which are the small scale business organizations?


 2 B

Answer the following questions in one or two sentences each:

How do sole trading concerns help the consumers?