Test: General Nature Of A Partnership- 3


30 Questions MCQ Test Business Laws for CA Foundation | Test: General Nature Of A Partnership- 3


Description
This mock test of Test: General Nature Of A Partnership- 3 for CA Foundation helps you for every CA Foundation entrance exam. This contains 30 Multiple Choice Questions for CA Foundation Test: General Nature Of A Partnership- 3 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: General Nature Of A Partnership- 3 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: General Nature Of A Partnership- 3 exercise for a better result in the exam. You can find other Test: General Nature Of A Partnership- 3 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

Sharing of profit is ________ evidence of existence of partnership.

Solution:
QUESTION: 2

 A public company can have a maximum of _________member.

Solution:
QUESTION: 3

A partnership deed usually contain the particulars relating to

Solution:
QUESTION: 4

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

Solution:
QUESTION: 5

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

Solution:
QUESTION: 6

A partnership arises from __________?

Solution:
QUESTION: 7

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

Solution:
QUESTION: 8

Mutual agency under the Indian Partnership Act, 1932 means 

Solution:
QUESTION: 9

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

Solution:
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 : 

Solution:
QUESTION: 11

A Sleeping Partner is one who ________.

Solution:
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:

Solution:
QUESTION: 13

 Liability of partner is __________.

Solution:
QUESTION: 14

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

Solution:
QUESTION: 15

A partnership firm does not have the characteristic of:

Solution:
QUESTION: 16

A particular partnership is: 

Solution:
QUESTION: 17

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

Solution:
QUESTION: 18

Which of the following is not a kind of partner: 

Solution:
QUESTION: 19

Each partner in a partnership firm is in the position of 

Solution:
QUESTION: 20

To constitute a partnership agreement, it: 

Solution:
QUESTION: 21

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

Solution:
QUESTION: 22

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

Solution:
QUESTION: 23

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

Solution:
QUESTION: 24

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

Solution:
QUESTION: 25

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

Solution:
QUESTION: 26

Which of these can be admitted as a partner?

Solution:
QUESTION: 27

The maximum numbers of partners is mentioned

Solution:
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-------.

Solution:
QUESTION: 29

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

Solution:
QUESTION: 30

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

Solution:

Related tests