| 1 |
Partnership business as compared to sole tradership is: |
- A. More flexible
- B. Less flexible
- C. Not flexible
- D. May be in all forms
|
| 2 |
At least how many partners should have a limited liability in a limited partnership: |
- A. One
- B. Two
- C. Three
- D. All
|
| 3 |
If the court declares the bankruptcy of any partner in partnership firm |
- A. The partnership continues
- B. The partnership becomes weak
- C. The partnership becomes cancels
- D. A new partner is admitted
|
| 4 |
The partnership formed for any special project is called: |
- A. Limited partnership
- B. Particular partnersip
- C. Partnership at will
- D. All of these
|
| 5 |
In the absence of agreement, a partner receives on extra capital: |
- A. Interest
- B. No interset
- C. More share in profit
- D. Salary
|
| 6 |
Limited partnership is formed under Limited Partnership Act: |
- A. 1997
- B. 2007
- C. 2010
- D. 2017
|
| 7 |
If the court declares the bankruptcy of any partner in partnership then |
- A. The partnership continues
- B. The partnership becomes weak
- C. The partnership becomes cancels
- D. A new partner is admitted
|
| 8 |
The minimum number of partners in banking business are |
- A. Ten
- B. Twenty
- C. Thirty
- D. Fifty
|
| 9 |
Limited partnership is formed under limited partnership act |
- A. 1897
- B. 1907
- C. 1917
- D. 1927
|
| 10 |
The liability of a partner in partnership is normally |
- A. Limited
- B. Unlimited
- C. Not at all
- D. All the above
|
