11th class Principles of Commerce chapter 4 online mcq test with answers for I.Com part 1 Principles of Commerce chapter 4(Partnership)

Principle of Commerce Icom Part 1 English Medium Chapter 4 Online Test

Sr. #	Questions	Answers Choice
1	The first payment after dissolution of partnership is made to:	Partners Partners for their debts External creditors None of these
2	The partnership formed for any special project is called:	Limited partnership Particular partnersip Partnership at will All of these
3	The partners who participate in the business but people don't know them are:	Silent partners Non active partners Nominal partners Active partner
4	Age of minor partner is:	18 years More than 18 years Less than 18 years None of these
5	If any partner is not in a position to compensate the business loss called:	Retired partner Active partner Weak partner Insolvent partner
6	In Shirkat-ul-Anan the share holders/partners invest:	Only cash Cash and goods Only goods All are correct
7	Shirkat-ul-Mufavdha cannot be formed between	Muslims & non-muslim Owner and worker Major and minor All correct
8	Partnership deed can be:	Written Oral Written & Registered All are correct
9	Registration of the partnership business:	Is necessary Depends on the will of partners Depends on the will of registrar None of these
10	In the absence of agreement, a partner receives for taking part in business:	Remuneration No remuneration More Profit Interest
11	In the absence of agreement, a partner receives on extra capital:	Interest No interset More share in profit Salary
12	Partnership business as compared to sole tradership is:	More flexible Less flexible Not flexible May be in all forms
13	In the absence of agreement, what will be the interest rate on extra capital of a partner:	4% 6% 10% 12%
14	When did the partnership business come into being:	1872 1880 1892 1902
15	At least how many partners should have a limited liability in a limited partnership:	One Two Three All

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