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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 is formed under the Partnership Act:
Question # 2
In the absence of agreement, a partner receives on extra capital:
Question # 3
In Shirkat-ul-Anan the share holders/partners invest:
Question # 4
When did the partnership business come into being
Question # 5
The minimum number of partners in a partnership are:
Question # 6
Limited partnership is formed under Limited Partnership Act:
Question # 7
The liability of a partner in partnership is normally
Question # 8
In the absence of agreement, what will be the interest rate on extra capital of a partner:
Question # 9
The partnership formed for any special project is called:
Question # 10
Age of minor partner is:
Question # 11
The maximum number of partners in ordinary partnership
Question # 12
At least how many partners should have a limited liability in a limited partnership:
Question # 13
Partnership business as compared to sole tradership
Question # 14
The partners who participate in the business but people don't know them are:
Question # 15
At least how many partners should have a limited liability in a limited partnership
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 -
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 Minahil Asif 31 - May - 2024 01 Min 11 Sec 13/15 -
A Arham Khan 08 - Jun - 2024 01 Min 26 Sec 13/15 -
K khalil nasir 06 - Jul - 2026 02 Min 05 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 -
K Kashi 1122 11 - Jan - 2025 04 Min 35 Sec 13/15 -
S Shayan Tanveer 19 - Oct - 2024 10 Min 36 Sec 13/15
ICom Part 1 Principle of Commerce (English Medium) Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The best form of a partnership deed is: |
A. Verbal
B. Written
C. Written and registered
D. None of the above
|
| 2 | Age of minor partner is: |
A. 18 years
B. More than 18 years
C. Less than 18 years
D. None of these
|
| 3 | The minimum number of partners in a partnership are: |
A. Two
B. Four
C. Six
D. Ten
|
| 4 | In the absence of agreement, what will be the interest rate on extra capital of a partner |
A. 4%
B. 6%
C. 10%
D. 12%
|
| 5 | The minimum number of partners in banking business are |
A. Ten
B. Twenty
C. Thirty
D. Fifty
|
| 6 | Partnership business as compared to sole tradership |
A. More flexible
B. Less flexible
C. Not flexible
D. May be in all forms
|
| 7 | Partnership business is formed under the partnership act |
A. 1910
B. 1922
C. 1932
D. 1990
|
| 8 | At least how many partners should have a limited liability in a limited partnership |
A. One
B. Two
C. Three
D. Four
|
| 9 | If the court declares the bankruptcy of any partner in partnership firm |
A. The partnership continues
B. The partnership becomes weak
C. The partnership becomes cancels
D. A new partner is admitted
|
| 10 | In the absence of agreement, a partner receives on extra capital: |
A. Interest
B. No interset
C. More share in profit
D. Salary
|
Test Questions
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