Test: Registrations And Dissolution Of A Firm- 1


30 Questions MCQ Test Mercantile Law for CA CPT | Test: Registrations And Dissolution Of A Firm- 1


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QUESTION: 1

The conclusive evidence of registration of firm is: 

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QUESTION: 2

At the time of dissolution of a firm, every partners or his representative is entitled to have the ________ applied in payment of the debts and liabilities of the firm: 

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QUESTION: 3

The private property of any partner shall be applied first in payment of : 

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QUESTION: 4

A partnership firm is compulsorily dissolved where: 

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QUESTION: 5

 Application for dissolution of a firm on the ground of permanent incapacity of a partner can be made by: 

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QUESTION: 6

 A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:

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QUESTION: 7

In the absence of any contract to the contrary insolvency of a partner results in: 

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QUESTION: 8

 If any mistake has been done in the Register of firms then application for rectification can be given: 

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QUESTION: 9

Which of the following are grounds for compulsory dissolution of the firm by court?

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QUESTION: 10

The conclusive evidence of registration of firm is: 

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QUESTION: 11

 

 In case of unregistered firms, public notice is given in the following manner: 

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QUESTION: 12

 A partnership may be dissolved:

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QUESTION: 13

 A registered firm is a: 

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QUESTION: 14

Register of firm is open to inspection: 

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QUESTION: 15

Voluntary Dissolution is:

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QUESTION: 16

M is employed by P Q R Bros. a Partnership Firm. M is entitled to a remuneration of Rs. 40,000 p.m. plus 12% on the profit of the firm if profits exceed Rs. 10 lacs. Hence: 

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QUESTION: 17

 P is indebted to the firm for a sum of Rs. 500 and the firm files a suit against him on 1.3.2008. will the firm succeed if the firm is not registered: 

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QUESTION: 18

The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:

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QUESTION: 19

 Which of the following are not affected by the non-registration of the firm?

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QUESTION: 20

 The surplus remaining after settlement of debts and liabilities of the firm in case of dissolution shall be __________.

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QUESTION: 21

 The status of a partner making advances to a firm for its business in addition to his Capital, is that of

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QUESTION: 22

 Registrar of firms under Section 57 of the Indian Partnership Act is appointed by:

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QUESTION: 23

One of the following is not the disability of an unregistered firm:

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QUESTION: 24

 Non registration of Partnership is not a bar for: 

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QUESTION: 25

 Loss arising out of partner’s insolvency can be recouped form_________:

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QUESTION: 26

 In order to get a copy of the register of Registrar of firms, a firm is required to pay certain fees as prescribed by the law:

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QUESTION: 27

 On the ground ________ one or more partners of a firm individually or together apply to the court for dissolution of the firm.

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QUESTION: 28

When all the partners except one become insolvent, the firm is _________.

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QUESTION: 29

There is compulsory dissolution of the firm:

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QUESTION: 30

 When an agreement to form a partnership is signed by all the partners, the document is called 

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When two or more people want to start a new business & to share the profits & losses they come together to form a partnership such written agreement is known as 'Partnership Deed'. One can also call it is a 'Partnership Agreement'.