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Membership of a joint Hindu family business is acquired by:
APassing an exam
BBirth in the family
CSigning a contract
DBuying a share
Answer & Solution
Correct answer: B. Birth in the family
1. No agreement is needed.
2. Three successive generations can be members.
3. Membership comes by birth.
_Source: NCERT Class 11 Business Studies, Chapter 2, Forms of Business Organisation._
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