Students can read the important questions given below for Forms of Business Organisation Class 11 Business Studies. All Forms of Business Organisation Class 11 Notes and questions with solutions have been prepared based on the latest syllabus and examination guidelines issued by CBSE, NCERT and KVS. You should read all notes provided by us and Class 11 Business Studies Important Questions provided for all chapters to get better marks in examinations. Business Studies Question Bank Class 11 is available on our website for free download in PDF.
Important Questions of Forms of Business Organisation Class 11
Short /Long Answer type Questions :
Question. ABC Ltd. filed an application for registration to registrar of companies. He submitted copy of name approval, memorandum of association, articles of association, address of registered office and paid the required registration fees. His application for registration was rejected on the ground of not submitted some others important documents. List the documents he needs to file so that he can get his company incorporated.
Answer. (a) Statement of authorised capital.
(b) Consent of proposed directiors.
(c) Statutory declaration.
(d) The agreement, if any, with proposed Managing Director or Whole time Director or Manager.
Question. Distinguish between preliminary contracts and provisional contracts.
Question. A group of 15 people decides to form a company and hence appointed Creators Pvt. Ltd. Creators Pvt. Ltd. were assigned the job of scanning the business environment and to identify various business opportunities. After thoroughly exploring the environment, Creators Pvt. Ltd. suggested them to start a ‘Cab Services’ in the posh areas of Delhi. Before converting the business opportunities into real project, Creators Pvt. Ltd., conducted feasibility studies and also suggested the name for the company. They have entered into contract on behalf of the company also.
(a) Identify the stage in the formation of a particular form of business organisation.
(b) Under what category is Creators Pvt. Ltd. is working.
(c) Are the contracts which are entered into before incorporation, of above mentioned form of organisation, are binding after incorporation?
Answer. (a) Promotion.
(b) Creators Pvt. Ltd. is working as promoters.
Question. Is it necessary for a public company to get its shares listed on a stock exchange? What happens if a public company going for a public issue fails to apply to a stock exchange for permission to deal in its securities or fails to get such permission.
Answer. Yes, it is necessary for a public company to get its shares listed or quoted on a stock exchange. If a company going for a public issue fails to apply to a stock exchange for permission to deal in its securities or fails to gets such permission within 10 weeks from the date of closure of subscription list, then the allotment will become void Consequently, all money received from the applicants will have to be returned to them within 8 days.
Question. Name the following:
(a) A company having at least 7 members.
(b) An enterprise owned by a single person.
(c) A company in which the number of members cannot exceed 200.
(d) Its main aim is to provide services to the members.
(e) This form of business organisation is owned, financed, managed and controlled by a single person.
(f) A document containing terms and conditions of partnership.
Answer. (a) Public company. (b) Sole proprietorship. (c) Private company.
(d) Cooperative society. (e) Sole proprietorship. (f) Partnership deed.