Question # 1

At least how many partners should have a limited liability in a limited partnership

Choose an answer

One

Two

Three

Four

The partnership formed for any special project is called:

Choose an answer

Limited partnership

Particular partnersip

Partnership at will

All of these

If any partner is not in a position to compensate the business loss called:

Choose an answer

Retired partner

Active partner

Weak partner

Insolvent partner

The best form of a partnership deed is:

Choose an answer

Verbal

Written

Written and registered

None of the above

If the court declares the bankruptcy of any partner in partnership firm

Choose an answer

The partnership continues

The partnership becomes weak

The partnership becomes cancels

A new partner is admitted

The minimum number of partnership in a partnership are

Choose an answer

Two

Four

Six

Ten

the maximum number of partners in ordinary partnership:

Choose an answer

Ten

Twenty

Thirty

Forty

The partners who participate in the business but people don't know them are:

Choose an answer

Silent partners

Non active partners

Nominal partners

Active partner

The maximum number of partners in banking business are:

Choose an answer

Ten

Twenty

Thirty

Fifty

Partnership business as compared to sole tradership is:

Choose an answer

More flexible

Less flexible

Not flexible

May be in all forms

When did the partnership business come into being

Choose an answer

1872

1880

1892

1902

Registration of the partnership business:

Choose an answer

Is necessary

Depends on the will of partners

Depends on the will of registrar

None of these

Partnership business is formed under the Partnership Act:

Choose an answer

1910

1922

1932

1990

The best form of a partnership deed is

Choose an answer

Verbal

Written

Written & registered

None of the above

At least how many partners should have a limited liability in a limited partnership:

Choose an answer

One

Two

Three

All

The maximum number of partners in ordinary partnership

Choose an answer

Ten

Twenty

Thirty

Forty

More Classes

Other Links

Principle of Commerce Icom Part 1 English Medium Chapter 4 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer