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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
When did the partnership business come into being
Question # 2
Limited partnership is formed under Limited Partnership Act:
Question # 3
A non-active partner in a partnership
Question # 4
The best form of a partnership deed is
Question # 5
If the court declares the bankruptcy of any partner in partnership then
Question # 6
In the absence of agreement, a partner receives on extra capital
Question # 7
Shirkat-ul-Mufavdha cannot be formed between
Question # 8
In the absence of agreement, a partner receives for taking part in business:
Question # 9
Partnership business as compared to sole tradership
Question # 10
The partnership formed for any special project is called:
Question # 11
Partnership deed can be:
Question # 12
The minimum number of partnership in a partnership are
Question # 13
The liability of a partner in partnership is normally
Question # 14
Limited partnership is formed under limited partnership act
Question # 15
If the court declares the bankruptcy of any partner in partnership firm
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 Minahil Asif 31 - May - 2024 01 Min 11 Sec 13/15 -
A Arham Khan 08 - Jun - 2024 01 Min 26 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 -
S Sameer Gill 13 - May - 2024 04 Min 03 Sec 13/15 -
K Kashi 1122 11 - Jan - 2025 04 Min 35 Sec 13/15
ICom Part 1 Principle of Commerce (English Medium) Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Partnership deed can be: |
A. Written
B. Oral
C. Written & Registered
D. All are correct
|
| 2 | At least how many partners should have a limited liability in a limited partnership |
A. One
B. Two
C. Three
D. Four
|
| 3 | Limited partnership is formed under limited partnership act |
A. 1897
B. 1907
C. 1917
D. 1927
|
| 4 | Partnership business is formed under the partnership act |
A. 1910
B. 1922
C. 1932
D. 1990
|
| 5 | When did the partnership business come into being: |
A. 1872
B. 1880
C. 1892
D. 1902
|
| 6 | At least how many partners should have a limited liability in a limited partnership: |
A. One
B. Two
C. Three
D. All
|
| 7 | Active partner in a partnership business |
A. Invests but doesn't take part in the business
B. Neither invests nor takes part in the business
C. Invests and takes part in the business
D. None of the above
|
| 8 | In the absence of agreement, a partner receives on extra capital |
A. Interest
B. No interest
C. More share in profit
D. Salary
|
| 9 | The partners who participate in the business but people don't know them are: |
A. Silent partners
B. Non active partners
C. Nominal partners
D. Active partner
|
| 10 | The liability of a partner in partnership is normally: |
A. Limited
B. Unlimited
C. Not at all
D. all the above
|
Test Questions
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