| 1 |
In case of banking business, the numerb of persons must not exceed. |
- A. Ten (10)
- B. Twenty (20)
- C. Tweinty five(25)
- D. Fifty (50)
|
| 2 |
In partnership minimum limit of partners is. |
- A. Two (02)
- B. Five(5)
- C. Ten (10)
- D. Tweleve (12)
|
| 3 |
A paartner who have a major investment in the firm and receive a relatively more profit is called. |
- A. Sleeping partner
- B. Darment partner
- C. Senior partner
- D. Estoppels partner
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| 4 |
In the absence of an agreement partners shall |
- A. Be paid salaries
- B. Not to be paid the salaries
- C. Be paid salaries by the consent of the pariners
- D. Be paid salaris to thos who worked for the firm
|
| 5 |
In the absence of an agreemetn, interest on loan advanced by the partner to the firm is allowd at the rate of. |
- A. 5 persent
- B. 6 persent
- C. 8 persent
- D. 9 persent
|
| 6 |
If some proparty is owned jointly with out any attention to carry on a business it is called. |
- A. Partnership
- B. Co- ownership
- C. Sole ownership
- D. Agency
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| 7 |
The persons who have entered in partnership are collctive called. |
- A. A firm
- B. Agents
- C. Partners
- D. Promoters
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| 8 |
Current accout of the partners should be opened when the capitals are. |
- A. Fluctuating
- B. Fixed
- C. Either fixed or fluctuating
- D. Neither fixed or fluctuating
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| 9 |
Interest on drawing is debited to. |
- A. Partners capital accounts
- B. Profit and loss account
- C. Interest account
- D. None of these
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| 10 |
A partner, who hasnot attained the age of majority is called. |
- A. Junior partner
- B. Minor partner
- C. Nominal patner
- D. Quasi Partner
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