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Question 170Asked in DSSSB TGT Computer Science, 25 Jun 2023, Shift 2 (12:30 PM)

Which of the following business structures has limited liability to its members?

  1. APartnership
  2. BCooperative society
  3. CCompany
  4. DSole proprietorship
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Correct answer: (C) Company

Explanation

A company is a separate legal entity, so the liability of its members (shareholders) is limited to the unpaid amount on their shares. Sole proprietors and ordinary partners have unlimited liability.

From DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 2 (12:30 PM)

This is question 170 of DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 2 (12:30 PM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.