| 1 |
Limited partnership is formed under Limited Partnership Act: |
- A. 1997
- B. 2007
- C. 2010
- D. 2017
|
| 2 |
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%
|
| 3 |
The liability of a partner in partnership is normally: |
- A. Limited
- B. Unlimited
- C. Not at all
- D. all the above
|
| 4 |
In the absence of agreement, a partner receives on extra capital |
- A. Interest
- B. No interest
- C. More share in profit
- D. Salary
|
| 5 |
The minimum number of partners in a partnership are: |
- A. Two
- B. Four
- C. Six
- D. Ten
|
| 6 |
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%
|
| 7 |
The best form of a partnership deed is: |
- A. Verbal
- B. Written
- C. Written and registered
- D. None of the above
|
| 8 |
Shirkat-ul-Mufavdha cannot be formed between |
- A. Muslims & non-muslim
- B. Owner and worker
- C. Major and minor
- D. All correct
|
| 9 |
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
|
| 10 |
The maximum number of partners in banking business are: |
- A. Ten
- B. Twenty
- C. Thirty
- D. Fifty
|
