CBSE Class 11 Business Administration Formation of Partnership And Joint Stock Worksheet

Formation of Partnership and Joint Stock
Company

Business Administration

Answer in one sentence (1 or 2 marks each)

1. Who takes the initial steps for the formation of a company?

2. Who elects the board of directors of a joint stock company?

3. Mention any one disadvantage of a partnership firm.

4. To whom should a partnership firm apply for its registration?

5. 5. Who contributes capital in a partnership firm?

6. What do you mean by partnership?

7. What is a partnership deed?

8. Explain the liability of members in a partnership.

9. What is Memorandum of Association?

10.What is a promoter?

Answer in around 75 words (3 or 4 marks each)

1. What is a joint stock company?

2. Explain the features separate legal entity, perpetual succession and common seal of a joint stock company.

3. What is incorporation?

4. Differentiate between Memorandum and Articles of Association.

5. What is a prospectus?

6. Mention the contents of a partnership deed.

7. Give differences between public and private company.

8. Explain the functions of a promoter.

9. Explain the features of a partnership firm.

10.Explain the steps in the formation of a joint stock company.

Answer in around 100 words (5 marks each)

1. Despite of various limitations why do people prefer partnership over other forms of organizations?

2. Briefly explain the features of a joint stock company.

3. Compare the merits and demerits of a joint stock company.

4. Explain the steps taken by a promoter in the promotion of a company.

5. Differentiate between a joint stock company and a partnership.

Please click on below link to download CBSE Class 11 Business Administration Formation of Partnership And Joint Stock Worksheet