| 1 |
A paatner who invests capital inthe business but does not take active part in the conduct of the business is called. |
- A. Active partner
- B. Sleeping partner
- C. Secrete partner
- D. None of these
|
| 2 |
The persons who have entered in partnership are collctive called. |
- A. A firm
- B. Agents
- C. Partners
- D. Promoters
|
| 3 |
A partner who takes an active part in the managment of the firm is called. |
- A. Active partner
- B. Sleeping partner
- C. Norminal partner
- D. Quasi partner
|
| 4 |
In partnership minimum limit of partners is. |
- A. Two (02)
- B. Five(5)
- C. Ten (10)
- D. Tweleve (12)
|
| 5 |
Partnership is formed under the act of. |
- A. 1984
- B. 1932
- C. 1912
- D. 1962
|
| 6 |
Current accoujts of the partners should be opened when the capital are. |
- A. Fixed
- B. Fluctuating
- C. Either fixed or fluctuating
- D. None of these
|
| 7 |
Partnership is formed by the partners. |
- A. Written agreement
- B. Mutual consent
- C. Verbal agreement
- D. None of these
|
| 8 |
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
|
| 9 |
The persons who have entered two partnership are individually called. |
- A. Agents
- B. Partners
- C. A firm
- D. Vendor
|
| 10 |
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
|
