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Direction: Read the following text and answer the questions on the basis of the same:Ramkrishan Agrawal is running a Jewellery showroom at a prime location in Jaipur, which he inherited from his father. His joint family consists of his three sons and a younger brother, who are also working in the same showroom. Being head of the family, Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members. He decided to open one more branch, and the business took a loan of ` 1 crore from Syndicate Bank for three years. But opening of the new branch proved to be a wrong decision and the business suffered heavy losses. Due to financial crises, Ramkrishna had to pay a part of the loan amount from his self-acquired property.Q. Which form of a business organisation does the above case indicate?a)Partnershipb)Sole Proprietorshipc)Joint Stock Companyd)Joint Hindu Family BusinessCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the following text and answer the questions on the basis of the same:Ramkrishan Agrawal is running a Jewellery showroom at a prime location in Jaipur, which he inherited from his father. His joint family consists of his three sons and a younger brother, who are also working in the same showroom. Being head of the family, Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members. He decided to open one more branch, and the business took a loan of ` 1 crore from Syndicate Bank for three years. But opening of the new branch proved to be a wrong decision and the business suffered heavy losses. Due to financial crises, Ramkrishna had to pay a part of the loan amount from his self-acquired property.Q. Which form of a business organisation does the above case indicate?a)Partnershipb)Sole Proprietorshipc)Joint Stock Companyd)Joint Hindu Family BusinessCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the following text and answer the questions on the basis of the same:Ramkrishan Agrawal is running a Jewellery showroom at a prime location in Jaipur, which he inherited from his father. His joint family consists of his three sons and a younger brother, who are also working in the same showroom. Being head of the family, Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members. He decided to open one more branch, and the business took a loan of ` 1 crore from Syndicate Bank for three years. But opening of the new branch proved to be a wrong decision and the business suffered heavy losses. Due to financial crises, Ramkrishna had to pay a part of the loan amount from his self-acquired property.Q. Which form of a business organisation does the above case indicate?a)Partnershipb)Sole Proprietorshipc)Joint Stock Companyd)Joint Hindu Family BusinessCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Direction: Read the following text and answer the questions on the basis of the same:Ramkrishan Agrawal is running a Jewellery showroom at a prime location in Jaipur, which he inherited from his father. His joint family consists of his three sons and a younger brother, who are also working in the same showroom. Being head of the family, Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members. He decided to open one more branch, and the business took a loan of ` 1 crore from Syndicate Bank for three years. But opening of the new branch proved to be a wrong decision and the business suffered heavy losses. Due to financial crises, Ramkrishna had to pay a part of the loan amount from his self-acquired property.Q. Which form of a business organisation does the above case indicate?a)Partnershipb)Sole Proprietorshipc)Joint Stock Companyd)Joint Hindu Family BusinessCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Direction: Read the following text and answer the questions on the basis of the same:Ramkrishan Agrawal is running a Jewellery showroom at a prime location in Jaipur, which he inherited from his father. His joint family consists of his three sons and a younger brother, who are also working in the same showroom. Being head of the family, Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members. He decided to open one more branch, and the business took a loan of ` 1 crore from Syndicate Bank for three years. But opening of the new branch proved to be a wrong decision and the business suffered heavy losses. Due to financial crises, Ramkrishna had to pay a part of the loan amount from his self-acquired property.Q. Which form of a business organisation does the above case indicate?a)Partnershipb)Sole Proprietorshipc)Joint Stock Companyd)Joint Hindu Family BusinessCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Read the following text and answer the questions on the basis of the same:Ramkrishan Agrawal is running a Jewellery showroom at a prime location in Jaipur, which he inherited from his father. His joint family consists of his three sons and a younger brother, who are also working in the same showroom. Being head of the family, Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members. He decided to open one more branch, and the business took a loan of ` 1 crore from Syndicate Bank for three years. But opening of the new branch proved to be a wrong decision and the business suffered heavy losses. Due to financial crises, Ramkrishna had to pay a part of the loan amount from his self-acquired property.Q. Which form of a business organisation does the above case indicate?a)Partnershipb)Sole Proprietorshipc)Joint Stock Companyd)Joint Hindu Family BusinessCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Direction: Read the following text and answer the questions on the basis of the same:Ramkrishan Agrawal is running a Jewellery showroom at a prime location in Jaipur, which he inherited from his father. His joint family consists of his three sons and a younger brother, who are also working in the same showroom. Being head of the family, Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members. He decided to open one more branch, and the business took a loan of ` 1 crore from Syndicate Bank for three years. But opening of the new branch proved to be a wrong decision and the business suffered heavy losses. Due to financial crises, Ramkrishna had to pay a part of the loan amount from his self-acquired property.Q. Which form of a business organisation does the above case indicate?a)Partnershipb)Sole Proprietorshipc)Joint Stock Companyd)Joint Hindu Family BusinessCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Direction: Read the following text and answer the questions on the basis of the same:Ramkrishan Agrawal is running a Jewellery showroom at a prime location in Jaipur, which he inherited from his father. His joint family consists of his three sons and a younger brother, who are also working in the same showroom. Being head of the family, Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members. He decided to open one more branch, and the business took a loan of ` 1 crore from Syndicate Bank for three years. But opening of the new branch proved to be a wrong decision and the business suffered heavy losses. Due to financial crises, Ramkrishna had to pay a part of the loan amount from his self-acquired property.Q. Which form of a business organisation does the above case indicate?a)Partnershipb)Sole Proprietorshipc)Joint Stock Companyd)Joint Hindu Family BusinessCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Read the following text and answer the questions on the basis of the same:Ramkrishan Agrawal is running a Jewellery showroom at a prime location in Jaipur, which he inherited from his father. His joint family consists of his three sons and a younger brother, who are also working in the same showroom. Being head of the family, Ramkrishna takes all the decisions of business, which sometimes causes conflicts among the members. He decided to open one more branch, and the business took a loan of ` 1 crore from Syndicate Bank for three years. But opening of the new branch proved to be a wrong decision and the business suffered heavy losses. Due to financial crises, Ramkrishna had to pay a part of the loan amount from his self-acquired property.Q. Which form of a business organisation does the above case indicate?a)Partnershipb)Sole Proprietorshipc)Joint Stock Companyd)Joint Hindu Family BusinessCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Commerce tests.