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  Class 9 Commercial Studies —Chapter 6 :  PARTNERSHIP PARTNERSHIP Chapter-wise Questions Answers and MCQs 1. Partnership can be formed by A. One person B. Two or more persons C. Only five persons D. Only ten persons Answer: B 2. Partnership is created through A. Law B. Birth C. Agreement D. Inheritance Answer: C 3. The main objective of partnership is A. Charity B. Social service C. Sharing profits D. Government welfare Answer: C 4. Which of the following is NOT a feature of partnership? A. Mutual agency B. Sharing of profit C. Perpetual succession D. Agreement Answer: C 5. Every partner acts as A. Employee B. Customer C. Agent of the firm D. Auditor Answer: C 6. Partnership business must be A. Religious B. Charitable C. Lawful D. Political Answer: C 7. Unlimited liability means A. Liability is limited to capital B. Personal assets may be used to pay debts C. Government pays debts D. Creditors cannot recover money Answer: B 8. A partner can transfer his interest only A. Freel...

Class 9 Commercial Studies Chapter 5: Sole Proprietorship and Hindu Undivided Family (HUF) Business. Chapter-wise Questions Answers and MCQs 1. Sole proprietorship is owned by: A. One person B. Two persons C. Government D. Shareholders Answer: A 2. The main objective of sole proprietorship is to: A. Serve society B. Earn profit C. Provide employment D. Collect taxes Answer: B 3. Which is the oldest form of business? A. Partnership B. Company C. Sole Proprietorship D. Cooperative Society Answer: C 4. The capital of a sole proprietorship is generally provided by: A. Government B. Banks only C. The proprietor D. Shareholders Answer: C 5. The owner has: A. Shared control B. One-man control C. Government control D. Board control Answer: B 6. Sole proprietorship generally operates on: A. Large scale B. Medium scale C. Small scale D. International scale Answer: C 7. Which is NOT a feature of sole proprietorship? A. Unlimited liability B. Separate legal entity C. One-man control D. Small...

Class 9 Commercial Studies Chapter-wise Questions Answers and MCQs Chapter 4: Classification of Commercial Organisations  (Chapter-wise Questions Answers and MCQs) 1. Commercial organisations are established mainly to: A. Provide free education B. Earn money through commercial activities C. Promote religion D. Conduct elections Answer: B. Earn money through commercial activities 2. The main objective of commercial organisations is: A. Social service B. Earning profit C. Charity D. Public welfare Answer: B. Earning profit 3. Commercial organisations may be: A. Small only B. Medium only C. Large only D. Micro, Small, Medium or Large Answer: D. Micro, Small, Medium or Large 4. Commercial organisations are classified on the basis of: A. Size B. Ownership C. Capital D. Profit Answer: B. Ownership 5. Commercial organisations are classified into: A. Two sectors B. Three sectors C. Four sectors D. Five sectors Answer: B. Three sectors 6. Which of the following is NOT a commercial organisat...

  Class 9 Commercial Studies — Chapter 3: Profit and Non-Profit Organisations Chapter-wise Questions Answers and MCQs Chapter 3: Profit and Non-Profit Organisations Exam-Oriented MCQs Multiple Choice Questions The primary objective of a profit-seeking organisation is:                (A) Social service                (B) Education                (C) Earning profit                (D) Charity                 Answer: (C) Earning profit 2.                Profit-seeking organisations are basically: (A) Religious organisations (B) Business organisations (C) Charitable organisations (D) Clubs  Answer: (B) Business organisations 3.   ...