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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
If any partner is not in a position to compensate the business loss called:
Question # 2
At least how many partners should have a limited liability in a limited partnership
Question # 3
The partnership formed for any special project is called:
Question # 4
In the absence of agreement, what will be the interest rate on extra capital of a partner
Question # 5
Limited partnership is formed under Limited Partnership Act:
Question # 6
In the absence of agreement, a partner receives on extra capital
Question # 7
When did the partnership business come into being
Question # 8
The maximum number of partners in ordinary partnership
Question # 9
The partners who participate in the business but people don't know them are:
Question # 10
Active partner in a partnership business
Question # 11
Active partner in a partnership business:
Question # 12
In Shirkat-ul-Anan the share holders/partners invest:
Question # 13
Partnership business is formed under the partnership act
Question # 14
Shirkat-ul-Mufavdha cannot be formed between
Question # 15
Limited partnership is formed under limited partnership act
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 M. Faizan wattoo M. Bakhsh zafar 21 - Apr - 2024 00 Min 47 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 -
M M.Faizan M.Bakhsh 20 - Apr - 2024 01 Min 58 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
ICom Part 1 Principle of Commerce (English Medium) Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The best form of a partnership deed is |
A. Verbal
B. Written
C. Written & registered
D. None of the above
|
| 2 | When did the partnership business come into being |
A. 1872
B. 1880
C. 1892
D. 1902
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| 3 | If the court declares the bankruptcy of any partner in partnership firm |
A. The partnership continues
B. The partnership becomes weak
C. The partnership becomes cancels
D. A new partner is admitted
|
| 4 | Partnership business is formed under the partnership act |
A. 1910
B. 1922
C. 1932
D. 1990
|
| 5 | 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
|
| 6 | If the court declares the bankruptcy of any partner in partnership then |
A. The partnership continues
B. The partnership becomes weak
C. The partnership becomes cancels
D. A new partner is admitted
|
| 7 | The partnership formed for any special project is called: |
A. Limited partnership
B. Particular partnersip
C. Partnership at will
D. All of these
|
| 8 | Active partner in a partnership business: |
A. Invests but doesn'ttake part in the business
B. Neither invests nortakes part in the business
C. Invests andtakes part in the business
D. None of the above
|
| 9 | Shirkat-ul-Mufavdha cannot be formed between |
A. Muslims & non-muslim
B. Owner and worker
C. Major and minor
D. All correct
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| 10 | Registration of the partnership business: |
A. Is necessary
B. Depends on the will of partners
C. Depends on the will of registrar
D. None of these
|
Test Questions