Page 1 - Home Assignment 4

SAI INTERNATIONAL SCHOOL

CLASSS XI

SUBJECT: BUSINESS STUDIES

CHAPTER -2, BUSINESS ORGANISATION,

Home Assignment 4 Joint Hindu Family Business, Features, Merits and

Limitations

ASSESSMENT

Multiple questions______1mark each

1. Who has power to manage the HUF business?

(a) All members
(b) Karta

(c) Government
(d) None of the above

2. The financial resources of HUF Business is__
(a) Limited

(b) Huge capital
(c) Unlimited
(d) All of the above

3. In HUF Business all the decisions are taken by:

(a) Karta
(b) Local Government
(c) Coparceners

(d) All of the above
4. The liability of Karta in HUF is:

(a) Unlimited
(b) Limited

(c) No liability
(d) All of the above

5. The liability of member of HUF business is:
(a) Unlimited