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This online test contains MCQs about following topics:
Introduction and definiation characteristicsm merits and demerits of partnership . Kinds of partnership . Partnership deed and its contents . Rules applicable in the absence of partnership deed . Duties, rights and liabilities of partnership . Kinds of partners . Dissolution of partnership firm . Distribution of firm's assets
ICOM Part 1 Commerce Ch. 4 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 4 "Principle of Commerce Icom Part 1 English Medium Chapter 4 Online Test"
Try The MCQ's Test For Chapter 4 "Principle of Commerce Icom Part 1 English Medium Chapter 4 Online Test"
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Total Questions15
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Time Allowed20
Principle of Commerce Icom Part 1 English Medium Chapter 4 Online Test
00:00
Question # 1
Partnership business as compared to sole tradership
Question # 2
The partners who participate in the business but people don't know them are:
Question # 3
Partnership business is formed under the Partnership Act:
Question # 4
Active partner in a partnership business
Question # 5
Partnership deed can be:
Question # 6
The first payment after dissolution of partnership is made to:
Question # 7
If the court declares the bankruptcy of any partner in partnership then
Question # 8
In the absence of agreement, what will be the interest rate on extra capital of a partner
Question # 9
At least how many partners should have a limited liability in a limited partnership:
Question # 10
the maximum number of partners in ordinary partnership:
Question # 11
When did the partnership business come into being:
Question # 12
Limited partnership is formed under Limited Partnership Act:
Question # 13
The maximum number of partners in banking business are:
Question # 14
The maximum number of partners in ordinary partnership
Question # 15
In the absence of agreement, a partner receives on extra capital
11th Principles of Commerce Chapter 4 Test
Here you can prepare 11th Principles of Commerce English Medium Chapter 4 Partnership Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 4 "Principle of Commerce Icom Part 1 English Medium Chapter 4 Online Test" MCQ`s Test
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Z Zainab Ali 16 - Dec - 2024 00 Min 55 Sec 15/15 -
A Abrar Moon 11 - May - 2024 05 Min 34 Sec 15/15 -
H Hasnain Asif 30 - Dec - 2024 01 Min 25 Sec 14/15 -
Z Zeeshan Haider 25 - Jun - 2024 01 Min 31 Sec 14/15 -
U Unknown 08 - Jun - 2024 02 Min 20 Sec 14/15 -
F flames love 25 - Sep - 2024 02 Min 21 Sec 14/15 -
F Farman Ameer 20 - Jan - 2025 02 Min 41 Sec 14/15 -
A Anaya Fatima 04 - Jun - 2024 03 Min 18 Sec 14/15 -
Z Zafar Ali 01 - Jun - 2024 00 Min 16 Sec 13/15 -
M M. Faizan wattoo M. Bakhsh zafar 21 - Apr - 2024 00 Min 47 Sec 13/15 -
M Minahil Asif 31 - May - 2024 01 Min 11 Sec 13/15 -
A Arham Khan 08 - Jun - 2024 01 Min 26 Sec 13/15 -
M M.Faizan M.Bakhsh 20 - Apr - 2024 01 Min 58 Sec 13/15 -
G Get n Out Collection 14 - May - 2024 02 Min 08 Sec 13/15 -
H Hamad 06 - Dec - 2024 02 Min 11 Sec 13/15
ICom Part 1 Principle of Commerce (English Medium) Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Registration of the partnership business: |
A. Is necessary
B. Depends on the will of partners
C. Depends on the will of registrar
D. None of these
|
| 2 | Limited partnership is formed under limited partnership act |
A. 1897
B. 1907
C. 1917
D. 1927
|
| 3 | The minimum number of partners in a partnership are: |
A. Two
B. Four
C. Six
D. Ten
|
| 4 | When did the partnership business come into being: |
A. 1872
B. 1880
C. 1892
D. 1902
|
| 5 | Partnership business is formed under the Partnership Act: |
A. 1910
B. 1922
C. 1932
D. 1990
|
| 6 | Limited partnership is formed under Limited Partnership Act: |
A. 1997
B. 2007
C. 2010
D. 2017
|
| 7 | The minimum number of partnership in a partnership are |
A. Two
B. Four
C. Six
D. Ten
|
| 8 | The maximum number of partners in banking business are: |
A. Ten
B. Twenty
C. Thirty
D. Fifty
|
| 9 | A non-active partner in a partnership |
A. Neither invests nor takes part in the business
B. Doesn't invest but takes part in the business
C. Invests but doesn't take part in the business
D. None of the above
|
| 10 | the maximum number of partners in ordinary partnership: |
A. Ten
B. Twenty
C. Thirty
D. Forty
|
Test Questions