Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

A Private Company is:

Options:

A voluntary association of a person formed for same common object.

An organisation controlled by Hindu Law

Which has a minimum of two and a maximum of fifty members excluding its past and present employees

Has minimum seven people to commence with no upper limit to membership

Correct Answer:

Which has a minimum of two and a maximum of fifty members excluding its past and present employees

Explanation:

The correct answer is Option (3) → Which has a minimum of two and a maximum of fifty members excluding its past and present employees