The members of hindu undivided family business are called

Asked by admin @ in Business Studies viewed by 331 People

The members of Hindu Undivided family business are called ________. (Fill in the blank by choosing correct option)

a) Karta
b) partners
c) co-parceners

Answered by admin @


Answer:

The correct answer is c, i.e co-parceners.

Explanation:

The members of Hindu Undivided family business include those such members who are born into the family and therefore are known as the co-parceners. Anyone who is born into the family whether it may be a boy or a girl within the upcoming three generations can be a member of the Hindu Undivided family business.

Furthermore, the eldest member of such a family is known as the "Karta" of the family. That is the member of the family who maintains the finances.


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