On what basis is business classified into Sole Proprietorship, Partnership, Joint Stock Company, Cooperative and State Enterprise?
- aSize
- bOwnership
- cActivity
- dProfit
214 questions · 28 sections
On what basis is business classified into Sole Proprietorship, Partnership, Joint Stock Company, Cooperative and State Enterprise?
Though there is similarity in the objective of earning profit, on which basis do differences arise among types of business?
How many main types of business are classified on the basis of ownership in the chapter?
Which one is NOT included in the classification of business on the basis of ownership?
What is the common objective among all types of business based on ownership?
Which business is considered the most ancient business form?
Sole Proprietorship is the business formed, operated and controlled by—
Who singly shoulders the profit or loss of a Sole Proprietorship Business?
Generally what is the size of a Sole Proprietorship business?
What is mandatory to collect before starting a Sole Proprietorship business in cities and towns?
What percentage of business in Europe and America is based on Sole Proprietorship?
Which of the following is typically a Sole Proprietorship in Bangladesh?
With which kind of capital does the entrepreneur generally start Sole Proprietorship?
Why is Sole Proprietorship called the most ancient business form?
Who arranges capital, operates business and bears risk in a Sole Proprietorship?
Why is the formation of Sole Proprietorship easy?
From which sources can a sole proprietor borrow capital if needed?
Why is the size of Sole Proprietorship generally small?
The liability of a Sole Proprietor is—
Does a Sole Proprietorship farm have a legal entity?
If business liability exceeds business asset, what may a sole proprietor need to do?
Who enjoys the whole share of profit in Sole Proprietorship?
The permanence of Sole Proprietorship depends upon—
Consider the following features of Sole Proprietorship:
Which is an advantage of Sole Proprietorship?
Sole Proprietorship is most suitable for which kind of people?
Which type of goods is Sole Proprietorship suitable for?
Which of the following profession-based businesses is suitable as Sole Proprietorship?
Which is an example of demand stipulated to a particular region suitable for Sole Proprietorship?
Tailoring business is suitable for Sole Proprietorship because it depends on—
Which one is suitable for Sole Proprietorship as low-risk business?
Painting, photography, jewellery and sweet shop are suitable for Sole Proprietorship because they involve—
What percentage of business in Bangladesh is formed as Sole Proprietorship?
Which of the following is an example of direct service-based business suitable for Sole Proprietorship?
Sole Proprietorship is suitable for agro-based accessory products such as—
Consider the following suitabilities of Sole Proprietorship:
Partnership Business mainly evolved to eliminate the limitations of which business?
Under which Act is Partnership Business operated in Bangladesh?
According to Partnership Act 1932, what is the minimum number of partners?
According to Partnership Act 1932, what is the maximum number of partners in general partnership?
What is the maximum number of partners allowed for banking partnership business?
According to which section of the Partnership Act 1932 is Partnership Business defined?
Who is called a "partner" in a partnership business?
Why did Partnership Business evolve?
The basis of Partnership Business is—
The agreement of partnership can be—
If there is no indication in the agreement, how is profit and loss distributed?
Can a person become partner without any investment?
The liability of partners in partnership business is—
If one partner becomes bankrupt, what happens to his portion of liability?
On what is the success of partnership business mainly dependent?
Is registration of partnership farm mandatory in Bangladesh?
Does registration make a partnership a legal entity?
Consider the following features of Partnership Business:
At least how many persons are needed to start a partnership business?
To start partnership business within existing rules of Bangladesh, what is necessary to collect?
According to Partnership Act 1932, written agreement and registration are—
Why is written and registered agreement preferable?
What is the written agreement of partnership called?
According to Section 5 of Partnership Act 1932, partnership relation is built from—
If children of a deceased person become heir and operate the business sharing profit, will it be a partnership business?
Who must sign the partnership deed?
Which one is NOT a content of the partnership deed?
Which of the following is included in the partnership deed?
Why are various important issues incorporated in the deed?
Which of the following is part of contents of partnership deed?
Consider the following contents of partnership deed:
Which one is incorporated in the deed regarding banking?
Registration of Partnership Business refers to enlistment with the office of—
Can an unregistered partnership farm sue another partner for rights as per deed?
Unregistered partnership farm cannot sue against any third party to claim taka more than—
If a third party sues against unregistered partnership farm, can it claim receivables against the plaintiff?
Which document is NOT required to be attached with registration application?
When does the registration process of partnership business end?
Who checks the documents and enlists the partnership company?
Who is an Ordinary Partner?
Who is a Sleeping Partner?
The liability of a Sleeping Partner is—
Who is a Nominal Partner?
A Quasi Partner is one who—
Quasi partners are in fact—
The liability of a Limited Partner is limited to—
Can a minor person be a Limited Partner?
Who is a Partner by Holding Out?
If a person buys 100 shares of Tk.100 each, his liability is limited to—
Consider the following about Nominal Partner:
Asif invested 5 lakh Tk in Sujoy and Bijoy's business but chose not to take part in management — Asif is which type of partner?
According to which section of Partnership Act 1932 is dissolution of partnership defined?
According to Section 40 of Partnership Act, what type of dissolution happens by mutual consent?
According to Section 41, when does forced dissolution happen?
Section 42 of Partnership Act refers to which type of dissolution?
Which of the following is a reason for Eventual Dissolution under Section 42?
Section 43 of Partnership Act deals with—
Under which section can the court order dissolution of partnership?
Which is NOT a ground for court-ordered dissolution under Section 44?
If a partner transfers his share to a third party violating the deed, the partnership can be dissolved—
Sujoy and Bijoy mutually agreed to dissolve their 5-year business in 2025 after the time expired — this is which type of dissolution?
Consider the following dissolution causes:
The first company act was passed in Britain in—
In which year was the first company act passed in British-ruled India?
Under which act do all joint stock businesses in Bangladesh currently run?
Industrial Revolution mainly took place in Europe during which period?
Joint Stock Company is created and operated under—
Why was the Joint Stock Company born?
According to Company Act 1994, company means—
In Private Limited Company, the minimum and maximum number of members are—
In a Public Limited Company, the minimum number of members is—
The maximum number of members in a Public Limited Company is limited by—
Why is the use of a company seal mandatory?
The total capital of a company is divided into small portions called—
Who can become a member of a company by buying shares?
Management of a company business is mainly carried out by—
The shareholders mainly take part in—
The liability of a member of a company is—
Who elects the board of directors of a company?
Does a company dissolve with the death of any shareholder?
Consider the following features of Joint Stock Company:
If a person commits to buying shares, his liability is limited by—
Which of the following statements about Private Limited Company is correct?
Public Limited Company can invite the public for subscription of—
As per law, the minimum number of directors in a Public Limited Company must be at least—
Which type of company restricts the right of members to transfer their shares?
Public Limited Company can increase its members by—
Consider the following:
Which type of business is more suitable for high-technology based industry?
How does a Public Limited Company procure large amounts of capital?
Bata Shoe Company and Unilever working in Bangladesh are examples of—
How do Joint Stock Companies contribute to a nation?
Companies in Bangladesh are formed in how many continuous stages?
At which stage do entrepreneurs prepare Memorandum of Association and Memorandum of Articles?
What is called the main document or "constitution" of a limited company?
Memorandum of Articles incorporates—
From whom does the entrepreneur take certificate for probable name?
Which type of company can commence business immediately after receiving certificate of registration?
Public Limited Company can commence business only after receiving—
To obtain Business Commencement Certificate, what must directors declare?
The word 'Cooperative' refers to—
The first Cooperative Society in the world was established in—
The first Cooperative Society in the world was formed by—
In which year did the government take initiative to form Cooperative Society in this subcontinent?
BARD (Bangladesh Academy for Rural Development) was established at Cumilla in—
Who established BARD at Cumilla?
National Cooperative Bank started operation in independent Bangladesh in—
'Milk Vita' refers to—
Under which Act are all Cooperative Societies in Bangladesh currently operated?
Under which Cooperative Policy are Cooperative Societies in Bangladesh operated?
According to 2024 estimates, how many Cooperative Societies are there in Bangladesh?
The main objective of Cooperative Business is—
According to Cooperative Act 2001, a Primary Cooperative Society must have a minimum of—
A Central Cooperative Society is formed by combining how many primary cooperative societies?
A National Cooperative Society is formed by comprising how many central cooperative societies?
The maximum share a member can hold in a Cooperative Society is—
The liability of cooperative members is—
In Cooperative Society decision making, how many votes does each member cast?
Is proxy voting allowed in Cooperative Society?
Without registration, using the word 'Cooperative' is—
According to Cooperative Society of Landless People, maximum land owned by the member must be—
Youth Cooperative Society is formed for men and women aged—
Which of the following is NOT a profession-based cooperative society under Cooperative Rules 2004?
Apartment or Flat Owners Cooperative Society belongs to—
Consider the following cooperative types:
The poor housewives at Rasulpur village who own 35 decimals of land and formed a cooperative — which type of cooperative would this be?
According to Cooperative Society Act 2001, formation passes through how many stages?
In the initiation stage, how many people form the management committee?
To form Cooperative Society at initiation stage, minimum how many people of similar mentality must join?
Which form must be collected for cooperative registration?
How many copies of By-Laws must be submitted with registration application?
Treasury challan amount for registration of Primary Cooperative under poverty alleviation program is—
Treasury challan amount for Central Cooperative Society registration is—
Treasury challan amount for National Cooperative Society registration is—
Paid up capital required for registration of Primary Cooperative Society for poverty alleviation is at least—
Paid up capital required for registration of Credit Cooperative Society is at least—
After registration what does the Registrar return to the society?
When does cooperative society get legal existence?
Which is the main principle of Cooperative Society?
The slogan of cooperative is—
In Cooperative, all members enjoy—
Each member of Cooperative Society has the right to cast how many votes?
Consider the following principles of cooperative:
What is considered the key to success of Cooperative Society?
What percentage of Bangladesh's population is engaged in agriculture and village-based profession?
Why are farmers unable to fully contribute in this country?
Cooperative Society is most suitable for which group in Bangladesh?
A State Enterprise is a business formed, operated and controlled by—
State Enterprises are typically established to ensure—
Through which process can a private business be converted into a state enterprise?
State Enterprises are formed by—
Who supplies all the required capital of a State Enterprise?
The main objective of State Enterprise is—
The profit of state enterprise is—
Loss of State Enterprise is borne by—
The government is accountable for success or failure of State Enterprises to—
State Enterprises have which kind of existence due to legal entity?
Which ministry controls Bangladesh Bank?
Bangladesh Jute Mills Corporation is controlled by which ministry?
Bangladesh Biman is controlled by which ministry?
Bangladesh Inland Water Transport Corporation is controlled by which ministry?
Bangladesh Machine Tools Factory at Gazipur is controlled by—
Jiban Bima Corporation is which type of business?
Titas Gas Transmission & Distribution Company Ltd. is controlled by which ministry?
After the victory of 16 December 1971, the new government—
Which one is the oldest and most popular form of business organization?
When does a trust crisis arise in a partnership business?
A few poor housewives at Rasulpur village own 35 decimals of land and formed a Co-operative Society with NGO loan to make handicrafts. What type of cooperative is described in the stem?
The reasons for the success of the Rasulpur Cooperative are:
What is meant by a Sole Proprietorship?
What is the main document of a company?
Why is the owner's liability "unlimited" in a Sole Proprietorship Business?
Nafiz and his four friends set up a food processing factory on the basis of deed of agreement — what type of business did they initially have?
Nafiz and friends later registered the business under the Company Act of 1994 — this conversion allowed them to—
What does the Memorandum of Association incorporate?
"Contract is the foundation of partnership business" — this statement means—
What is the main objective of State Business?
What is a share?