Partnership

Partnership

11th - 12th Grade

20 Qs

quiz-placeholder

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Partnership

Partnership

Assessment

Quiz

Business

11th - 12th Grade

Hard

Created by

Sowdhamani Arvind

Used 2K+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Partnership is the relation which subsists between persons who have agreed to combine their property,

labour or skill in some business and to share the profits there from between them.

True

False

Partly true

None of the above

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A ...........partner is one whose association with the firm is unknown to the general public.

Active

Sleeping

Secret

Nominal

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

It can continue as long as the partners want and is terminated when any partner gives a notice of

withdrawal from partnership to the firm.

Partnership at will

Particular partnership

Limited partnership

Unlimited partnership

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

It is optional for a partnership firm to get registered

True

False

Partly true

None of the above

5.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

Partnership firms in India are governed under the Partnership Act.............

6.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

As per Rule 10 of the Companies Act, what is the number of maximum partners in a firm?

7.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

Minors can be admitted to share only ...........of the firm

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