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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 is:
Question # 2
Registration of the partnership business:
Question # 3
the maximum number of partners in ordinary partnership:
Question # 4
Partnership business is formed under the Partnership Act:
Question # 5
The minimum number of partners in banking business are
Question # 6
Partnership business is formed under the partnership act
Question # 7
Partnership deed can be:
Question # 8
A non-active partner in a partnership
Question # 9
The minimum number of partners in a partnership are:
Question # 10
The liability of a partner in partnership is normally:
Question # 11
Partnership business as compared to sole tradership
Question # 12
If the court declares the bankruptcy of any partner in partnership firm
Question # 13
In the absence of agreement, a partner receives for taking part in business:
Question # 14
The minimum number of partnership in a partnership are
Question # 15
The first payment after dissolution of partnership is made to:
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 -
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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 | Partnership business as compared to sole tradership is: |
A. More flexible
B. Less flexible
C. Not flexible
D. May be in all forms
|
| 2 | In the absence of agreement, a partner receives on extra capital |
A. Interest
B. No interest
C. More share in profit
D. Salary
|
| 3 | Shirkat-ul-Mufavdha cannot be formed between |
A. Muslims & non-muslim
B. Owner and worker
C. Major and minor
D. All correct
|
| 4 | In Shirkat-ul-Anan the share holders/partners invest: |
A. Only cash
B. Cash and goods
C. Only goods
D. All are correct
|
| 5 | The minimum number of partnership in a partnership are |
A. Two
B. Four
C. Six
D. Ten
|
| 6 | When did the partnership business come into being: |
A. 1872
B. 1880
C. 1892
D. 1902
|
| 7 | Partnership business as compared to sole tradership |
A. More flexible
B. Less flexible
C. Not flexible
D. May be in all forms
|
| 8 | At least how many partners should have a limited liability in a limited partnership |
A. One
B. Two
C. Three
D. Four
|
| 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 | A non-active partner in a partnership: |
A. Neither invests nor takes part in the business
B. Doesn't invest buttakes part in the business
C. Invests but doesn'ttake part in the business
D. None of the above
|
Test Questions