| 1 |
The partnership formed for any special project is called: |
- A. Limited partnership
- B. Particular partnersip
- C. Partnership at will
- D. All of these
|
| 2 |
Partnership business is formed under the partnership act |
- A. 1910
- B. 1922
- C. 1932
- D. 1990
|
| 3 |
The maximum number of partners in ordinary partnership |
- A. Ten
- B. Twenty
- C. Thirty
- D. Forty
|
| 4 |
The minimum number of partnership in a partnership are |
- A. Two
- B. Four
- C. Six
- D. Ten
|
| 5 |
The minimum number of partners in banking business are |
- A. Ten
- B. Twenty
- C. Thirty
- D. Fifty
|
| 6 |
The minimum number of partners in a partnership are: |
- A. Two
- B. Four
- C. Six
- D. Ten
|
| 7 |
In the absence of agreement, a partner receives on extra capital |
- A. Interest
- B. No interest
- C. More share in profit
- D. Salary
|
| 8 |
If any partner is not in a position to compensate the business loss called: |
- A. Retired partner
- B. Active partner
- C. Weak partner
- D. Insolvent partner
|
| 9 |
Age of minor partner is: |
- A. 18 years
- B. More than 18 years
- C. Less than 18 years
- D. None of these
|
| 10 |
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
|
