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State with Reasons Whether the Following Statement True Or False. the Maximum Number of Members in a Joint Hindu Family is 20. - Organisation of Commerce and Management

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Question

State with reasons whether the following statement true or false.

The maximum number of members in a Joint Hindu family is 20.

Options

  • True 

  • False

MCQ
True or False
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Solution

The maximum number of members in a Joint Hindu family is 20 : False
Explanation: There is no maximum limit on the number of members in a joint Hindu family business, as the membership comes in the form of legacy

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Chapter 1: Forms of Business Organisations - True or false [Page 39]

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