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Online Tests
Principle of Commerce Icom Part 1 English Medium Chapter 4 Online Test MCQs With Answers
Question # 1
Partnership business as compared to sole tradership
Choose an answer
More flexible
Less flexible
Not flexible
May be in all forms
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Question # 2
In the absence of agreement, what will be the interest rate on extra capital of a partner
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4%
6%
10%
12%
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Question # 3
If the court declares the bankruptcy of any partner in partnership firm
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The partnership continues
The partnership becomes weak
The partnership becomes cancels
A new partner is admitted
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Question # 4
The minimum number of partnership in a partnership are
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Two
Four
Six
Ten
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Question # 5
The minimum number of partners in banking business are
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Ten
Twenty
Thirty
Fifty
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Question # 6
the maximum number of partners in ordinary partnership:
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Ten
Twenty
Thirty
Forty
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Question # 7
The partnership formed for any special project is called:
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Limited partnership
Particular partnersip
Partnership at will
All of these
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Question # 8
In the absence of agreement, a partner receives for taking part in business:
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Remuneration
No remuneration
More Profit
Interest
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Question # 9
When did the partnership business come into being:
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1872
1880
1892
1902
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Question # 10
In the absence of agreement, a partner receives on extra capital:
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Interest
No interset
More share in profit
Salary
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Question # 11
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 # 12
Partnership business is formed under the Partnership Act:
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1910
1922
1932
1990
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Question # 13
Partnership business as compared to sole tradership is:
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More flexible
Less flexible
Not flexible
May be in all forms
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Question # 14
The best form of a partnership deed is:
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Verbal
Written
Written and registered
None of the above
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Question # 15
Partnership deed can be:
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Written
Oral
Written & Registered
All are correct
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Question # 16
Shirkat-ul-Mufavdha cannot be formed between
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Muslims & non-muslim
Owner and worker
Major and minor
All correct
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