Question

Name the forms of a business organization existing in India.

a) Sole Proprietorship
b) Partnership
c) Corporation
d) All of the above

Answer 1

In India, the forms of business organization are Sole Proprietorship, Partnership, and Corporation, each with unique characteristics and implications for owners. The correct answer is option d:All of the above.

Step-by-step explanation:

The forms of business organization that exist in India are: Sole Proprietorship, Partnership, and Corporation. These are the main types of business structures that entrepreneurs can choose when establishing a business, and each type has its own set of advantages and disadvantages. A sole proprietorship is a business owned and operated by one individual.


It is the simplest and most common form of business ownership and allows the individual to have full control and responsibility over the business, including all debts and liabilities. In a partnership, two or more people share ownership and responsibilities of running the business, as well as the profits. Corporations, on the other hand, are more complex structures that are legal entities separate from their owners and can sell shares to the public if they choose to go public.