| 1 |
The partners who participate in the business but people don't know them are: |
- A. Silent partners
- B. Non active partners
- C. Nominal partners
- D. Active partner
|
| 2 |
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
|
| 3 |
The first payment after dissolution of partnership is made to: |
- A. Partners
- B. Partners for their debts
- C. External creditors
- D. None of these
|
| 4 |
The liability of a partner in partnership is normally: |
- A. Limited
- B. Unlimited
- C. Not at all
- D. all the above
|
| 5 |
Limited partnership is formed under Limited Partnership Act: |
- A. 1997
- B. 2007
- C. 2010
- D. 2017
|
| 6 |
Partnership business as compared to sole tradership |
- A. More flexible
- B. Less flexible
- C. Not flexible
- D. May be in all forms
|
| 7 |
Age of minor partner is: |
- A. 18 years
- B. More than 18 years
- C. Less than 18 years
- D. None of these
|
| 8 |
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
|
| 9 |
The maximum number of partners in ordinary partnership |
- A. Ten
- B. Twenty
- C. Thirty
- D. Forty
|
| 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%
|
