Test: The Indian Partnership Act, 1932


37 Questions MCQ Test Mercantile Law for CA CPT | Test: The Indian Partnership Act, 1932


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This mock test of Test: The Indian Partnership Act, 1932 for CA Foundation helps you for every CA Foundation entrance exam. This contains 37 Multiple Choice Questions for CA Foundation Test: The Indian Partnership Act, 1932 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: The Indian Partnership Act, 1932 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: The Indian Partnership Act, 1932 exercise for a better result in the exam. You can find other Test: The Indian Partnership Act, 1932 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

The most important element in partnership is:

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QUESTION: 2

The maximum number of partners is mentioned in

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QUESTION: 3

A firm is the name of:

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QUESTION: 4

In the absence of agreement to the contrary all partners are:

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QUESTION: 5

A minor is:

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QUESTION: 6

A partnership at will is one:

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QUESTION: 7

Active partner is one who:

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QUESTION: 8

Every partner has the right to:

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QUESTION: 9

Each of the Partner is__________________

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QUESTION: 10

A partner can retire on_____________

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QUESTION: 11

A partner can be expelled if _________________

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QUESTION: 12

Death of partner has the effect of ___________

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QUESTION: 13

Registration of a firm is____________

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QUESTION: 14

An unregistered firm cannot claim____________

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QUESTION: 15

On dissolution the partners remain liable until

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QUESTION: 16

Which of the following statements, about the registration of firm, is not true:

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QUESTION: 17

As per the accepted view, the registration of the firm is considered complete when.

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QUESTION: 18

Which of the following is not disability of an unregistered firm?

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QUESTION: 19

Which of the following is not the right of a partner i.e., which he cannot claim as a matter of right?

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QUESTION: 20

Which of the following acts are not included in the implied authority of a partner?

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QUESTION: 21

After retirement from firm, which of the following partners is not liable by holding out, even if the public notice of retirement is not given?

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QUESTION: 22

Which of the following statements is not true about minor’s position as a partner?

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QUESTION: 23

The reconstitution of the firm takes place in case

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QUESTION: 24

A new partner can be admitted in the firm with the consent of

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QUESTION: 25

A partner may retire from an existing firm

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QUESTION: 26

A partner may be expelled from the firm on the fulfillment of the condition that the expulsion power is exercised.

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QUESTION: 27

A partnership firm is compulsorily dissolved where

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QUESTION: 28

On which of the following grounds, a partner may apply to the court for dissolution of the firm?

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QUESTION: 29

Suppose you have entered into a partnership agreement with me and the partnershipdeed provides neither for the duration nor for the determination of our partnership.What is the technical expression for this kind of partnership?

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QUESTION: 30

A partnership at will is one

1 . Duration not fixed

2 . Duration fixed

3 . Dissolved at any time

4 . Can be dissolved only on the happening of an event

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QUESTION: 31

The position of a minor in a partnership firm is to be determined taking into account

1 . The Indian Contract Act, 1872

2 . The Indian Partnership Act, 1932

3 . Minor’s agreement

4 . The Majority Act, 1875

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QUESTION: 32

Which of the following statement is not true about minor’s position as a partner

1 . He cannot become a full fledged partner in a new firm

2 . He can become a full fledged partner in an existing firm

3 . He has to bear all liabilities like other partners

4 . He can become a partner on becoming a major

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QUESTION: 33

Which of the following is not an essential feature of partnership?

1 . Agreement

2 . Registration

3 . Test of Mutual Agency

4 . Separate Legal Entity

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QUESTION: 34

X agrees with Y to carry passengers by taxi from Delhi to Gurgaon on the following terms, namely, Y is to pay X Rs. 100 per mile per annum, and X and Y are to share the costs of repairing and replacement of the cars, and to divide equally between them the proceeds of fares received from passengers. Choose the correct alternative.

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QUESTION: 35

X and Y purchase 10,000 bags of cement, which they agree to sell for their joint account.The relation between X and Y is

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QUESTION: 36

X agrees with Y who is goldsmith to buy and furnish gold to Y, to be worked up by him and sold, and that they shall share in the resulting profit or loss. The contract between X and Y is that of

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QUESTION: 37

X and Y agree to work together as carpenters but X shall receive all profit and shall pay wages to Y. The relation between X and Y is that

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