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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
Limited partnership is formed under limited partnership act
Question # 2
The best form of a partnership deed is:
Question # 3
Limited partnership is formed under Limited Partnership Act:
Question # 4
The liability of a partner in partnership is normally
Question # 5
Partnership business is formed under the Partnership Act:
Question # 6
When did the partnership business come into being:
Question # 7
At least how many partners should have a limited liability in a limited partnership
Question # 8
In the absence of agreement, a partner receives on extra capital:
Question # 9
Partnership business as compared to sole tradership
Question # 10
The maximum number of partners in banking business are:
Question # 11
If the court declares the bankruptcy of any partner in partnership firm
Question # 12
Active partner in a partnership business:
Question # 13
A non-active partner in a partnership:
Question # 14
Registration of the partnership business:
Question # 15
In the absence of agreement, a partner receives for taking part in business:
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 -
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ICom Part 1 Principle of Commerce (English Medium) Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | In the absence of agreement, a partner receives on extra capital: |
A. Interest
B. No interset
C. More share in profit
D. Salary
|
| 2 | the maximum number of partners in ordinary partnership: |
A. Ten
B. Twenty
C. Thirty
D. Forty
|
| 3 | The best form of a partnership deed is: |
A. Verbal
B. Written
C. Written and registered
D. None of the above
|
| 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 liability of a partner in partnership is normally |
A. Limited
B. Unlimited
C. Not at all
D. All the above
|
| 6 | Partnership business as compared to sole tradership is: |
A. More flexible
B. Less flexible
C. Not flexible
D. May be in all forms
|
| 7 | Partnership deed can be: |
A. Written
B. Oral
C. Written & Registered
D. All are correct
|
| 8 | The partnership formed for any special project is called: |
A. Limited partnership
B. Particular partnersip
C. Partnership at will
D. All of these
|
| 9 | Partnership business is formed under the partnership act |
A. 1910
B. 1922
C. 1932
D. 1990
|
| 10 | The first payment after dissolution of partnership is made to: |
A. Partners
B. Partners for their debts
C. External creditors
D. None of these
|
Test Questions