Question # 1

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

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One

Two

Three

All

The best form of a partnership deed is:

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Verbal

Written

Written and registered

None of the above

the maximum number of partners in ordinary partnership:

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Ten

Twenty

Thirty

Forty

A non-active partner in a partnership

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Neither invests nor takes part in the business

Doesn't invest but takes part in the business

Invests but doesn't take part in the business

None of the above

Partnership business as compared to sole tradership is:

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More flexible

Less flexible

Not flexible

May be in all forms

Partnership business as compared to sole tradership

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More flexible

Less flexible

Not flexible

May be in all forms

When did the partnership business come into being:

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1872

1880

1892

1902

The first payment after dissolution of partnership is made to:

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Partners

Partners for their debts

External creditors

None of these

The minimum number of partners in a partnership are:

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Two

Four

Six

Ten

Limited partnership is formed under Limited Partnership Act:

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1997

2007

2010

2017

Limited partnership is formed under limited partnership act

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1897

1907

1917

1927

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

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