1. The Maximum number of banking partners can be fixed at the following?

A) 10
B) 20
C) 50
D) 100



2. Which of the following is a benefit of the corporate form of business?

A) Rising large amount of capital is easier
B) Ownership is easily transferrable
C) Limited liability of the shareholders/stockholders
D) All of the above



3. Which of the following enjoys the benefit of limited liability?

A) Limited company
B) Sole-proprietorship
C) Foundation
D) Trust



4. A large organization with separate legal status is known as?

A) Sole proprietorship
B) Partnership
C) Joint stock company
D) None of the Above



5. Which of these characteristics does not apply to partnership?

A) Unlimited liabilities
B) Unlimited life
C) Mutual agency
D) Single taxation