Select the correct answer from the options given below and rewrite the statement:
i. A sole proprietorship has _______ owner/owners.
(a) one
(b) two
(c) five
ii. The head of Joint Hindu Family Business is called as ________
(a) Proprietor
(b) Director
(c) Karta
iii. Indian Partnership Act was passed in the year ________
(a) 1923
(b) 1932
(c) 1956
iv. The members of Hindu Undivided Family Business are called _______
(a) Karta
(b) partners
(c) co-parceners
v. The liability of shareholders in the public limited joint stock company is _______
(a) Limited
(b) Unlimited
(c) Collective
