CA Foundation  >  Mercantile Law for CA CPT  >  Test: General Nature Of A Partnership- 2 Download as PDF

Test: General Nature Of A Partnership- 2


Test Description

30 Questions MCQ Test Mercantile Law for CA CPT | Test: General Nature Of A Partnership- 2

Test: General Nature Of A Partnership- 2 for CA Foundation 2022 is part of Mercantile Law for CA CPT preparation. The Test: General Nature Of A Partnership- 2 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: General Nature Of A Partnership- 2 MCQs are made for CA Foundation 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: General Nature Of A Partnership- 2 below.
Solutions of Test: General Nature Of A Partnership- 2 questions in English are available as part of our Mercantile Law for CA CPT for CA Foundation & Test: General Nature Of A Partnership- 2 solutions in Hindi for Mercantile Law for CA CPT course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: General Nature Of A Partnership- 2 | 30 questions in 30 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Mercantile Law for CA CPT for CA Foundation Exam | Download free PDF with solutions
1 Crore+ students have signed up on EduRev. Have you?
Test: General Nature Of A Partnership- 2 - Question 1

Which of these statements is not true with respect to a Joint Hindu Family Business?

Detailed Solution for Test: General Nature Of A Partnership- 2 - Question 1

 

Test: General Nature Of A Partnership- 2 - Question 2

M, is employed as a manager by a partnership firm ABC Brothers; M is entitled to a salary of Rs. 50,000 per month and 10% of profits of the firm only, if profits of the firm exceed Rs. 30 lakhs in a year. State whether M:

Test: General Nature Of A Partnership- 2 - Question 3

Mode of determining existence of partnership is 

Test: General Nature Of A Partnership- 2 - Question 4

Under the Indian Partnership Act, 1932, partnership can be formed with 

Test: General Nature Of A Partnership- 2 - Question 5

Which of the following persons may be admitted as a partner in a partnership firm:-

Test: General Nature Of A Partnership- 2 - Question 6

Partnership deed is also called as:

Test: General Nature Of A Partnership- 2 - Question 7

An agreement between the partners must be: 

Test: General Nature Of A Partnership- 2 - Question 8

In case of Partnership, in the event of losses, unless agreed otherwise, the loss is to be borne by all the partners_________.

Test: General Nature Of A Partnership- 2 - Question 9

Which of the following statements is not correct in relation to Partnership?

Test: General Nature Of A Partnership- 2 - Question 10

Partnership at will means:

Test: General Nature Of A Partnership- 2 - Question 11

 Dormant partner is known as_________.

Test: General Nature Of A Partnership- 2 - Question 12

For admitting a minor into the benefits of partnership consent of _________ is required:

Test: General Nature Of A Partnership- 2 - Question 13

A rented a house from X for carrying on the business of the firm. After one month A did not pay the rent. B and C are other partners of the firm. X can claim his rent from:

Test: General Nature Of A Partnership- 2 - Question 14

Raj and Ram, two friends buy hundred mobile sets agreeing to share the same between them. It is a : 

Test: General Nature Of A Partnership- 2 - Question 15

Which of the following words can be used as a part of a firm name?

Test: General Nature Of A Partnership- 2 - Question 16

 Interest on capital will be allowed only when: 

Test: General Nature Of A Partnership- 2 - Question 17

Partnership Deed signifies: 

Test: General Nature Of A Partnership- 2 - Question 18

True test of partnership is:

Test: General Nature Of A Partnership- 2 - Question 19

A introduces B to C as a partner in his firm. B, in fact is not a partner but did not deny the fact. C advanced a loan to A, which he (A) could not pay back. C held B liable for repayment of loan because: B is a

Test: General Nature Of A Partnership- 2 - Question 20

A particular partnership is: 

Test: General Nature Of A Partnership- 2 - Question 21

A partnership firm having a banking business is a valid partnership when the number of partners exceeds: 

Test: General Nature Of A Partnership- 2 - Question 22

A minor should give public notice within _______ months of attaining majority, to elect whether to become a partner or not to become a partner.

Test: General Nature Of A Partnership- 2 - Question 23

X and Y formed a partnership firm to undertake construction of a Terminal for Northern Railway at Pune. This partnership is a:

Test: General Nature Of A Partnership- 2 - Question 24

In the absence of specific provisions in the Partnership Deed, every partner is bound to contribute in ________ to the losses of the firm: 

Test: General Nature Of A Partnership- 2 - Question 25

Partnership cannot be formed between 

Test: General Nature Of A Partnership- 2 - Question 26

According to the Indian Partnership Act, 1932 a partnership is valid where:

Test: General Nature Of A Partnership- 2 - Question 27

Where no provision is made by contract between the partners for duration of partnership or determination of their partnership, the partnership is called: 

Test: General Nature Of A Partnership- 2 - Question 28

Which of the following is not valid partnership: 

Test: General Nature Of A Partnership- 2 - Question 29

To constitute a partnership agreement, it: 

Test: General Nature Of A Partnership- 2 - Question 30

A and B purchased a second hand car, get it renovated for selling and shared the proceeds equally. They are: 

7 videos|41 docs|44 tests
Use Code STAYHOME200 and get INR 200 additional OFF
Use Coupon Code
Information about Test: General Nature Of A Partnership- 2 Page
In this test you can find the Exam questions for Test: General Nature Of A Partnership- 2 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: General Nature Of A Partnership- 2, EduRev gives you an ample number of Online tests for practice