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Online Tests
Principle of Commerce Icom Part 1 English Medium Chapter 4 Online Test MCQs With Answers
Question # 1
The partnership formed for any special project is called:
Choose an answer
Limited partnership
Particular partnersip
Partnership at will
All of these
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Question # 2
Partnership deed can be:
Choose an answer
Written
Oral
Written & Registered
All are correct
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Question # 3
The minimum number of partners in a partnership are:
Choose an answer
Two
Four
Six
Ten
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Question # 4
When did the partnership business come into being:
Choose an answer
1872
1880
1892
1902
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Question # 5
Partnership business as compared to sole tradership is:
Choose an answer
More flexible
Less flexible
Not flexible
May be in all forms
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Question # 6
Registration of the partnership business:
Choose an answer
Is necessary
Depends on the will of partners
Depends on the will of registrar
None of these
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Question # 7
In the absence of agreement, what will be the interest rate on extra capital of a partner
Choose an answer
4%
6%
10%
12%
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Question # 8
the maximum number of partners in ordinary partnership:
Choose an answer
Ten
Twenty
Thirty
Forty
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Question # 9
If the court declares the bankruptcy of any partner in partnership then
Choose an answer
The partnership continues
The partnership becomes weak
The partnership becomes cancels
A new partner is admitted
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Question # 10
Active partner in a partnership business
Choose an answer
Invests but doesn't take part in the business
Neither invests nor takes part in the business
Invests and takes part in the business
None of the above
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Question # 11
If the court declares the bankruptcy of any partner in partnership firm
Choose an answer
The partnership continues
The partnership becomes weak
The partnership becomes cancels
A new partner is admitted
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Question # 12
Limited partnership is formed under Limited Partnership Act:
Choose an answer
1997
2007
2010
2017
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Question # 13
The minimum number of partners in banking business are
Choose an answer
Ten
Twenty
Thirty
Fifty
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Question # 14
Partnership business is formed under the Partnership Act:
Choose an answer
1910
1922
1932
1990
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Question # 15
In the absence of agreement, a partner receives on extra capital
Choose an answer
Interest
No interest
More share in profit
Salary
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