| 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 |
Liability of the partners in partnership is. |
- A. Limited
- B. Unlimited
- C. Limited up to the extent of their capitals
- D. Depend on the will of the partners
|
| 3 |
For the firm, interest on drawing is. |
- A. Expense
- B. Income
- C. Liability
- D. None of these
|
| 4 |
The agreement among the partners which sets out the term is which they have agreed to form a partnership is called. |
- A. Partnership deed
- B. Aribtrartio clause
- C. Partnership at will
- D. None of these
|
| 5 |
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
|
| 6 |
In partnership minimum limit of partners is. |
- A. Two (02)
- B. Five(5)
- C. Ten (10)
- D. Tweleve (12)
|
| 7 |
Partnership is formed under the act of. |
- A. 1984
- B. 1932
- C. 1912
- D. 1962
|
| 8 |
Capital of the partners are maintained under. |
- A. Fixed capital method
- B. Fluctuating method
- C. By any two of the above
- D. None of the above
|
| 9 |
The persons who have entered two partnership are individually called. |
- A. Agents
- B. Partners
- C. A firm
- D. Vendor
|
| 10 |
A partner, who hasnot attained the age of majority is called. |
- A. Junior partner
- B. Minor partner
- C. Nominal patner
- D. Quasi Partner
|
