Question

Pick out the wrong statement.

a.

Partnership is suitable for medium size business.

b.

A certain minimum of subscription of capital is required for legally starting a business in a Public Limited Joint Stock Company.

c.

Public Limited Joint Stock Company is legally bound to issue prospectus after registration.

d.

A small scale industry is the one, which has a minimum capital investment of Rs. 50 lakhs and maximum 100 lakhs.

Answer: (d).A small scale industry is the one, which has a minimum capital investment of Rs. 50 lakhs and maximum 100 lakhs.

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Q. Pick out the wrong statement.

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