Partnership

Quiz
•
Business
•
11th - 12th Grade
•
Hard
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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