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 best form of a partnership deed is:	Verbal Written Written and registered None of the above
2	If the court declares the bankruptcy of any partner in partnership then	The partnership continues The partnership becomes weak The partnership becomes cancels A new partner is admitted
3	Active partner in a partnership business:	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
4	the maximum number of partners in ordinary partnership:	Ten Twenty Thirty Forty
5	A non-active partner in a partnership:	Neither invests nor takes part in the business Doesn't invest buttakes part in the business Invests but doesn'ttake part in the business None of the above
6	The liability of a partner in partnership is normally:	Limited Unlimited Not at all all the above
7	The maximum number of partners in banking business are:	Ten Twenty Thirty Fifty
8	The minimum number of partners in a partnership are:	Two Four Six Ten
9	Limited partnership is formed under Limited Partnership Act:	1997 2007 2010 2017
10	Partnership business is formed under the Partnership Act:	1910 1922 1932 1990
11	In the absence of agreement, a partner receives on extra capital	Interest No interest More share in profit Salary
12	Partnership business as compared to sole tradership	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 Four

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