Introduction to NPO

Q.

Full form of NPO is

1. Business Entities

2. Trusts

3. Charitable Institutions

4. Not for profit organisations

Q.

The main objective of NPO`s is

1. To make profit

2. To engage in business

3. To provide service to its members and to the society in general.

4. None of these

Q.

What Are the 5 Types of Business Organisations?

Q.

Are NPOs liable for government taxes?

1. No, are exempt

2. Not defined

3. None of these

4. Yes, are liable.

Q.

There are certain organisations which are set up for providing services to its members and the public in general. These are known as

1. Business Entities

2. Charitable Institutions

3. Trusts

4. Not for profit organisations

Q.

The primary objectives of any NPOs is :

1. to earn profits

2. to capture market share

3. the betterment of society.

4. None of these

Q. The betterment of society is one of the primary objectives of NPO.

1. False
2. True

Q. The primary objective of NPO is to create profit.

1. False
2. True

Q. Objective Type Questions.
Answer in one sentence only.

What do you mean by ‘Not for Profit’ concerns?

Q. Non-profit organisations are exempt from taxes.

1. True
2. False