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  • Legal and Regulatory Aspects of Bank (JAIIB)- 5
  • In a Hindu undivided family, the business of the family i...
Multiple choice

In a Hindu undivided family, the business of the family is managed by

  1. Karta

  2. Proprietor

  3. Partner

  4. Director

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Karta is the manager of HUF (Hindu undivided family) and have wide powers by way of controlling the affairs of the HUF. The Karta enjoys his position in the HUF by operation of law without any agreement and consent of other members.

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