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Company

business is a...

Question

_________ business is a form of business organization found only in India.

A

The company

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B

The Hindu Undivided Family (HUF)

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C

The partnership

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D

The trust

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Solution

The correct option is D The Hindu Undivided Family (HUF)
Joint Hindu family business is a specific form of business organisation found only in India. It is one of the oldest forms of business organisation in the country.

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Q. In HUF form of business all the members of a hindu undivided family own the business ________.

Q. In Hindu Undivided Family (HUF) from of business all the members of a Hindu undivided family own the business _______________.

Q. In a Hindu Undivided Family business only the _____ get a share in the business by virtue of their being part of the family.

Q. A company consists of ________ members, whereas a Hindu Undivided Family business consists of _________ members since it consists of members of the joint family itself.

Q. The Hindu Undivided Family business is governed by ____________.

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