Test: Registrations And Dissolution Of A Firm- 2


30 Questions MCQ Test Mercantile Law for CA CPT | Test: Registrations And Dissolution Of A Firm- 2


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QUESTION: 1

Courts can order dissolution of a firm on the grounds other than:

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QUESTION: 2

 In a suit, a non-registered firm cannot claim set-off above__________.

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QUESTION: 3

The amount received by a partnership firm from the insurance company on the maturity of a Joint Life Policy taken by the firm will be distributed amongst the partner. 

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QUESTION: 4

XYZ a partnership firm was constituted on 1.4.2008. on 25th April the partners resolved to get the firm registered with the Registrar of Firm. 
The firm prepared the necessary documents for registration on 26th April which were signed on 28th April. They send the documents to the Registrar office on 30th April by Registered post which was received in the Registrar office on 4th May, 2008. The registrar filed the statement and entered the firms name in the register of Firms on 20th May, 2008. The firm will be deemed to have been registered on:  

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QUESTION: 5

 A partnership deed must be drafted properly and stamped according to provisions of:

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QUESTION: 6

Application for registration of a Partnership Firm should be signed by _______.

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QUESTION: 7

 A partnership firm will not be Compulsory dissolved if __________.

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QUESTION: 8

ABC is a registered firm. C died on 30th June. A and B sue X in the name of ABC. What is the consequence?

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QUESTION: 9

 X, Y and Z are partners in a firm. Y and Z died in an accident. X continues the business in the name of the firm?

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QUESTION: 10

 If a firm wants to register itself, it will go to _______:

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QUESTION: 11

A non-registered firm can claim a set off of an amount not exceeding: 

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QUESTION: 12

When a partner’s capital account has a debit balance and he is unable to bring in necessary cash to make up the deficiency, it is called ____:

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QUESTION: 13

 When the number of partners in a firm exceeds the number permissible under the Indian Partnership Act, 1932, the partnership becomes:

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QUESTION: 14

 On Dissolution the partners remain liable until 

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QUESTION: 15

XYZ firms consists of 4 partner viz, X, Y, Z and A, having one fourth share each in the profits of the firm. According to X, Y and Z activities of A are not in the interest of the partnership and thus want to expel A from the firm. Advise whether:

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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

On which ground, court may dissolve a firm at the suit of a partner:

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QUESTION: 18

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

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QUESTION: 19

Application for registration of a Partnership Firm should be signed by _______.

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QUESTION: 20

 If a firm wants to register itself, it will go to _______:

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QUESTION: 21

For dissolution of the firm, a partner may apply to the court on the ground of_____.

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QUESTION: 22

An unregistered firm may institute a suit if the value of the suit does not exceed:-

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QUESTION: 23

 An unregistered firm does not have

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QUESTION: 24

A partnership deed must be drafted properly and stamped according to provisions of:

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QUESTION: 25

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: 26

 The according rule in respect of loss arising due to insolvency of a partner is dealt within_____________.

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QUESTION: 27

A partnership may be dissolved:

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QUESTION: 28

 The mode of dissolution of a partnership firm provided under the Indian Partnership Act, 1932 is

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QUESTION: 29

When a partner of a firm is adjudicated as an insolvent, he ceases to be a partner as _______.

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QUESTION: 30

XYZ firms consists of 4 partner viz, X, Y, Z and A, having one fourth share each in the profits of the firm. According to X, Y and Z activities of A are not in the interest of the partnership and thus want to expel A from the firm. Advise whether:

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