Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Planning

Question:
Which of the following is NOT correct in respect of a Hindu Undivided Family?
Options:
It arises by status or operation of Hindu Law.
The senior most male member of the family known as 'Karta' manages the affairs, having unlimited powers.
The other male members called 'Copartners' have no right to deal with outsiders or inspect accounts
The liability of Karta is unlimited
Correct Answer:
The other male members called 'Copartners' have no right to deal with outsiders or inspect accounts
Explanation:
The other male members called 'Coparceners' have no right to deal with outsiders or inspect accounts