Question # 1

The best form of a partnership deed is

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Verbal

Written

Written & registered

None of the above

When did the partnership business come into being:

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1872

1880

1892

1902

Limited partnership is formed under Limited Partnership Act:

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1997

2007

2010

2017

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

The minimum number of partnership in a partnership are

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Two

Four

Six

Ten

In Shirkat-ul-Anan the share holders/partners invest:

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Only cash

Cash and goods

Only goods

All are correct

When did the partnership business come into being

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1872

1880

1892

1902

Partnership business as compared to sole tradership is:

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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:

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One

Two

Three

All

Partnership business is formed under the partnership act

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1910

1922

1932

1990

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

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