Worksheetshehehehef
Total questions: 12
Worksheet time: 6mins
To start a partnership business, what should be the minimum number of partners?
2
10
4
20
What type of agreement is used to form a partnership business?
Written agreement
Oral Agreement
Written or Oral Agreement
No Agreement required
In partnership, partners liabilities are
Limited
Unlimited
Limited to the capital invested
Limited to the amount mentioned
What is the partnership written agreement known as?
Partnership Contract
Partnership Act
Agreement
Partnership Deed
Which is not a feature of a partnership business?
Easy Formation
Mutual Agency
Limited Liability
Two or more person
Limited Liability PArtnership Act was passed in the year
2007
2008
2009
2010
LLP is hybrid form of
Sole Proprietorship and Joint stock company
Joint Stock Company and Co-operative society
Partnership and Sole Proprietorship
Partnership and Joint stock company
Registration of LLP is
Compulsory
Mandatory
Optional
Not required
Common seal is used as
Agreement
Signature
Approved agreement
Non approved agreement
Liability of members in joint stock company is
Limited
Unlimited
no liability
full liability
Long life of company is called as
Temporary
Limted time
Perpetual Succession
Non of these
Joint stock company is which type of organisation
Compulsory
Voluntary
Both A & B
Non of these
