| 1 |
Partnership business as compared to sole tradership |
- A. More flexible
- B. Less flexible
- C. Not flexible
- D. May be in all forms
|
| 2 |
Partnership business is formed under the partnership act |
- A. 1910
- B. 1922
- C. 1932
- D. 1990
|
| 3 |
If any partner is not in a position to compensate the business loss called: |
- A. Retired partner
- B. Active partner
- C. Weak partner
- D. Insolvent partner
|
| 4 |
The maximum number of partners in banking business are: |
- A. Ten
- B. Twenty
- C. Thirty
- D. Fifty
|
| 5 |
In the absence of agreement, a partner receives for taking part in business: |
- A. Remuneration
- B. No remuneration
- C. More Profit
- D. Interest
|
| 6 |
The minimum number of partners in banking business are |
- A. Ten
- B. Twenty
- C. Thirty
- D. Fifty
|
| 7 |
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
|
| 8 |
When did the partnership business come into being |
- A. 1872
- B. 1880
- C. 1892
- D. 1902
|
| 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 ordinary partnership: |
- A. Ten
- B. Twenty
- C. Thirty
- D. Forty
|
