5 Questions
What is the basis of membership in a Joint Hindu Family Business?
Birth in the family
Who controls and manages a Joint Hindu Family Business?
Karta (eldest male member)
Which of the following is a merit of a Hindu Undivided Family Business (H.U.F)?
Effective control by the Karta
What happens to the business in a Joint Hindu Family after the death of the Karta?
The next senior male member becomes the Karta
Why is the liability of all coparceners limited in a Joint Hindu Family Business?
Due to business structure and laws in India
Test your knowledge on the features and characteristics of a sole proprietorship, a business organization owned and managed by a single individual. Explore aspects such as ownership, liability, decision-making, and more.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
