| 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 |
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%
|
| 3 |
At least how many partners should have a limited liability in a limited partnership: |
- A. One
- B. Two
- C. Three
- D. All
|
| 4 |
When did the partnership business come into being: |
- A. 1872
- B. 1880
- C. 1892
- D. 1902
|
| 5 |
The liability of a partner in partnership is normally: |
- A. Limited
- B. Unlimited
- C. Not at all
- D. all the above
|
| 6 |
Partnership business is formed under the partnership act |
- A. 1910
- B. 1922
- C. 1932
- D. 1990
|
| 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 |
When did the partnership business come into being |
- A. 1872
- B. 1880
- C. 1892
- D. 1902
|
| 9 |
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
|
| 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
|
