Question # 1

Partnership business as compared to sole tradership

Choose an answer

More flexible

Less flexible

Not flexible

May be in all forms

At least how many partners should have a limited liability in a limited partnership

Choose an answer

One

Two

Three

Four

Age of minor partner is:

Choose an answer

18 years

More than 18 years

Less than 18 years

None of these

Active partner in a partnership business:

Choose an answer

Invests but doesn'ttake part in the business

Neither invests nortakes part in the business

Invests andtakes part in the business

None of the above

The best form of a partnership deed is:

Choose an answer

Verbal

Written

Written and registered

None of the above

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

In the absence of agreement, a partner receives on extra capital

Choose an answer

Interest

No interest

More share in profit

Salary

The minimum number of partnership in a partnership are

Choose an answer

Two

Four

Six

Ten

In the absence of agreement, a partner receives for taking part in business:

Choose an answer

Remuneration

No remuneration

More Profit

Interest

The partnership formed for any special project is called:

Choose an answer

Limited partnership

Particular partnersip

Partnership at will

All of these

The minimum number of partners in a partnership are:

Choose an answer

Two

Four

Six

Ten

In the absence of agreement, a partner receives on extra capital:

Choose an answer

Interest

No interset

More share in profit

Salary

The minimum number of partners in banking business are

Choose an answer

Ten

Twenty

Thirty

Fifty

When did the partnership business come into being

Choose an answer

1872

1880

1892

1902

The liability of a partner in partnership is normally

Choose an answer

Limited

Unlimited

Not at all

All the above

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer