| 1 |
A non-active partner in a partnership: |
- A. Neither invests nor takes part in the business
- B. Doesn't invest buttakes part in the business
- C. Invests but doesn'ttake part in the business
- D. None of the above
|
| 2 |
The minimum number of partners in banking business are |
- A. Ten
- B. Twenty
- C. Thirty
- D. Fifty
|
| 3 |
In the absence of agreement, what will be the interest rate on extra capital of a partner |
- A. 4%
- B. 6%
- C. 10%
- D. 12%
|
| 4 |
In the absence of agreement, a partner receives for taking part in business: |
- A. Remuneration
- B. No remuneration
- C. More Profit
- D. Interest
|
| 5 |
At least how many partners should have a limited liability in a limited partnership: |
- A. One
- B. Two
- C. Three
- D. All
|
| 6 |
Active partner in a partnership business |
- A. Invests but doesn't take part in the business
- B. Neither invests nor takes part in the business
- C. Invests and takes part in the business
- D. None of the above
|
| 7 |
Partnership business as compared to sole tradership |
- A. More flexible
- B. Less flexible
- C. Not flexible
- D. May be in all forms
|
| 8 |
Age of minor partner is: |
- A. 18 years
- B. More than 18 years
- C. Less than 18 years
- D. None of these
|
| 9 |
When did the partnership business come into being |
- A. 1872
- B. 1880
- C. 1892
- D. 1902
|
| 10 |
In the absence of agreement, what will be the interest rate on extra capital of a partner: |
- A. 4%
- B. 6%
- C. 10%
- D. 12%
|
