Test: General Nature Of A Partnership- 2


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


Description
This mock test of Test: General Nature Of A Partnership- 2 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- 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: General Nature Of A Partnership- 2 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: General Nature Of A Partnership- 2 exercise for a better result in the exam. You can find other Test: General Nature Of A Partnership- 2 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

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

Solution:
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:

Solution:
QUESTION: 3

Mode of determining existence of partnership is 

Solution:
QUESTION: 4

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

Solution:
QUESTION: 5

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

Solution:
QUESTION: 6

Partnership deed is also called as:

Solution:
QUESTION: 7

An agreement between the partners must be: 

Solution:
QUESTION: 8

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

Solution:
QUESTION: 9

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

Solution:
QUESTION: 10

Partnership at will means:

Solution:
QUESTION: 11

 Dormant partner is known as_________.

Solution:
QUESTION: 12

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

Solution:
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:

Solution:
QUESTION: 14

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

Solution:
QUESTION: 15

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

Solution:
QUESTION: 16

 Interest on capital will be allowed only when: 

Solution:
QUESTION: 17

Partnership Deed signifies: 

Solution:
QUESTION: 18

True test of partnership is:

Solution:
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

Solution:
QUESTION: 20

A particular partnership is: 

Solution:
QUESTION: 21

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

Solution:
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.

Solution:
QUESTION: 23

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

Solution:
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: 

Solution:
QUESTION: 25

Partnership cannot be formed between 

Solution:
QUESTION: 26

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

Solution:
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: 

Solution:
QUESTION: 28

Which of the following is not valid partnership: 

Solution:
QUESTION: 29

To constitute a partnership agreement, it: 

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