1) Which is the single ownership firm? a) Sole Proprietorship b) Partnership c) Co-operative Society d) Company 2) Which business run according to Hindu law? a) Joint Enterprise b) Government Company c) Hindu Undivided Family d) Sole Proprietorship 3) When did the Indian Partnership Act came into existence? a) 1932 b) 1956 c) 1960 d) 2013 4) When there is more than one ownership in business? a) Joint Enterprise b) Co-operative Society c) Partnership d) Sole Proprietorship 5) What is the minimum number of partner in partnership firm? a) 7 b) 5 c) 3 d) 2

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