| 1 |
Limited partnership is formed under limited partnership act |
- A. 1897
- B. 1907
- C. 1917
- D. 1927
|
| 2 |
Registration of the partnership business: |
- A. Is necessary
- B. Depends on the will of partners
- C. Depends on the will of registrar
- D. None of these
|
| 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 |
At least how many partners should have a limited liability in a limited partnership: |
- A. One
- B. Two
- C. Three
- D. All
|
| 5 |
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
|
| 6 |
Partnership deed can be: |
- A. Written
- B. Oral
- C. Written & Registered
- D. All are correct
|
| 7 |
The liability of a partner in partnership is normally |
- A. Limited
- B. Unlimited
- C. Not at all
- D. All the above
|
| 8 |
The minimum number of partnership in a partnership are |
- A. Two
- B. Four
- C. Six
- D. Ten
|
| 9 |
The maximum number of partners in banking business are: |
- A. Ten
- B. Twenty
- C. Thirty
- D. Fifty
|
| 10 |
A non-active partner in a partnership |
- A. Neither invests nor takes part in the business
- B. Doesn't invest but takes part in the business
- C. Invests but doesn't take part in the business
- D. None of the above
|
