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Test: General Nature Of A Partnership- 3


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30 Questions MCQ Test Mercantile Law for CA CPT | Test: General Nature Of A Partnership- 3

Test: General Nature Of A Partnership- 3 for CA Foundation 2022 is part of Mercantile Law for CA CPT preparation. The Test: General Nature Of A Partnership- 3 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: General Nature Of A Partnership- 3 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- 3 below.
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Test: General Nature Of A Partnership- 3 - Question 1

Sharing of profit is ________ evidence of existence of partnership.

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

 A public company can have a maximum of _________member.

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

A partnership deed usually contain the particulars relating to

Test: General Nature Of A Partnership- 3 - Question 4

 In case of emergency a partner of the firm can act as.

Test: General Nature Of A Partnership- 3 - Question 5

 The partnership firm having banking business becomes an illegal association when the number of partners in the firm Exceeds ______.

Test: General Nature Of A Partnership- 3 - Question 6

A partnership arises from __________?

Test: General Nature Of A Partnership- 3 - Question 7

 A finder of lost goods can realise the goods if true owner cannot be found with ______.

Test: General Nature Of A Partnership- 3 - Question 8

Mutual agency under the Indian Partnership Act, 1932 means 

Test: General Nature Of A Partnership- 3 - Question 9

When a person holds himself out as a partner, but he is actually not, which type of partner is he?

Test: General Nature Of A Partnership- 3 - Question 10

Under the Indian Partnership Act, 1932, in the absence of an agreement among the partners, profits of a firm shall be divided in the ratio of : 

Test: General Nature Of A Partnership- 3 - Question 11

A Sleeping Partner is one who ________.

Test: General Nature Of A Partnership- 3 - Question 12

A partner who does no contribute capital in the firm and does not participate actively in the working of the business of the firm but allows the firm to use his name along with goodwill is called:

Test: General Nature Of A Partnership- 3 - Question 13

 Liability of partner is __________.

Test: General Nature Of A Partnership- 3 - Question 14

Where no provision is made by contract between partner’s for the determination of duration of their partnership, then it is called __________.

Test: General Nature Of A Partnership- 3 - Question 15

A partnership firm does not have the characteristic of:

Test: General Nature Of A Partnership- 3 - Question 16

A particular partnership is: 

Test: General Nature Of A Partnership- 3 - Question 17

 In case of partnership maximum number of members of banking company are: 

Test: General Nature Of A Partnership- 3 - Question 18

Which of the following is not a kind of partner: 

Test: General Nature Of A Partnership- 3 - Question 19

Each partner in a partnership firm is in the position of 

Test: General Nature Of A Partnership- 3 - Question 20

To constitute a partnership agreement, it: 

Test: General Nature Of A Partnership- 3 - Question 21

A person when himself told that he is a partner of the firm, then he is a: 

Test: General Nature Of A Partnership- 3 - Question 22

 A partnership for which no duration is fixed is known as------.

Test: General Nature Of A Partnership- 3 - Question 23

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

Detailed Solution for Test: General Nature Of A Partnership- 3 - Question 23

Correct Answer :- a

Explanation : There are two systems of the HUF, namely Dayabhaga System: Here both male and female members will be coparceners in the Hindu Undivided Family Mitakshara System: Here only the male family members are admitted into the HUF, the female members have no share.

Test: General Nature Of A Partnership- 3 - Question 24

When a minor attains majority, from which date is he deemed to be a partner with unlimited liability? 

Test: General Nature Of A Partnership- 3 - Question 25

A partnership firm cannot exceed the maximum number on other than banking business:

Test: General Nature Of A Partnership- 3 - Question 26

Which of these can be admitted as a partner?

Test: General Nature Of A Partnership- 3 - Question 27

The maximum numbers of partners is mentioned

Test: General Nature Of A Partnership- 3 - Question 28

A and B to divide the profits of a business equally but the loss, if any is to be borne by A Alone. The partnership agreement is-------.

Test: General Nature Of A Partnership- 3 - Question 29

 The person who represents himself as a partner in a partnership firm is called ______.

Test: General Nature Of A Partnership- 3 - Question 30

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

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