11th class Principles of Commerce chapter 4 online mcq test with answers for I.Com part 1 Principles of Commerce chapter 4(Partnership)

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

Sr. #	Questions	Answers Choice
1	The best form of a partnership deed is	Verbal Written Written & registered None of the above
2	If the court declares the bankruptcy of any partner in partnership firm	The partnership continues The partnership becomes weak The partnership becomes cancels A new partner is admitted
3	Active partner in a partnership business	Invests but doesn't take part in the business Neither invests nor takes part in the business Invests and takes part in the business None of the above
4	The maximum number of partners in ordinary partnership	Ten Twenty Thirty Forty
5	A non-active partner in a partnership	Neither invests nor takes part in the business Doesn't invest but takes part in the business Invests but doesn't take part in the business None of the above
6	The liability of a partner in partnership is normally	Limited Unlimited Not at all All the above
7	The minimum number of partners in banking business are	Ten Twenty Thirty Fifty
8	The minimum number of partnership in a partnership are	Two Four Six Ten
9	Limited partnership is formed under limited partnership act	1897 1907 1917 1927
10	Partnership business is formed under the partnership act	1910 1922 1932 1990