| 1 |
Investment in partnership is made byintroducing. |
- A. Cash
- B. Non cash assets
- C. Cash or non cash assets
- D. None of these
|
| 2 |
The agreement among the partners which sets out the term is which they have agreed to form a partnership is called. |
- A. Partnership deed
- B. Aribtrartio clause
- C. Partnership at will
- D. None of these
|
| 3 |
A partner who takes an active part in the managment of the firm is called. |
- A. Active partner
- B. Sleeping partner
- C. Norminal partner
- D. Quasi partner
|
| 4 |
Partnership is formed under the act of. |
- A. 1984
- B. 1932
- C. 1912
- D. 1962
|
| 5 |
The persons who have entered two partnership are individually called. |
- A. Agents
- B. Partners
- C. A firm
- D. Vendor
|
| 6 |
The persons who have entered in partnership are collctive called. |
- A. A firm
- B. Agents
- C. Partners
- D. Promoters
|
| 7 |
In case of banking business, the numerb of persons must not exceed. |
- A. Ten (10)
- B. Twenty (20)
- C. Tweinty five(25)
- D. Fifty (50)
|
| 8 |
In the absence of an agreemetn, interest on loan advanced by the partner to the firm is allowd at the rate of. |
- A. 5 persent
- B. 6 persent
- C. 8 persent
- D. 9 persent
|
| 9 |
Current accoujts of the partners should be opened when the capital are. |
- A. Fixed
- B. Fluctuating
- C. Either fixed or fluctuating
- D. None of these
|
| 10 |
A paartner who have a major investment in the firm and receive a relatively more profit is called. |
- A. Sleeping partner
- B. Darment partner
- C. Senior partner
- D. Estoppels partner
|
