Forms of Business Organisations Test

Result

Forms of Business Organisations Test - 19

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SHARING IS CARING

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Weekly Quiz Competition

Question 1
1 / -0

Which of these is not an essential element of a partnership

A
Holding a valid Indian passport

B
An agreement

C
Existence of business

D
Sharing of profit

Solution

Option A is the correct answer.
Question 2
1 / -0

Registrar of firm under section $$57$$ of the Partnership Act is a __________.

A
Honorary post

B
Public servant

C
Central Government officer

D
Trade representative

Solution

Option B is the correct answer.
Question 3
1 / -0

The amount due to deceased partner is paid to his...........

A
Friends

B
Wife

C
Executor

D
His father

Solution

Option C is the correct answer.
Question 4
1 / -0

_________ is empowered to grant exemption from application of Chapter VII of the Partnership Act.

A
Central Government

B
State Government

C
Local body

D
State Assembly

Solution

Option B is the correct answer.
Question 5
1 / -0

Court can order dissolution of a firm on the grounds other than _______

A
Misconduct

B
Superannuation of a partner

C
Incapacity of partner

D
Continued losses

Solution

Option B is the correct answer.
Question 6
1 / -0

Indian Partnership Act came into force with effect from _____

A
1-1-1932

B
1-4-1932

C
1-7-1932

D
1-10-1932

Solution

Option D is the correct answer.
Question 7
1 / -0

Who are the owners of a company

A
Promoters

B
Board of directors

C
Chairman of the Company

D
Shareholders

Solution

Option D is the correct answer.
Question 8
1 / -0

Which of the following acts are outside the implied authority of a partner?

A
Take payment of sales proceed

B
To engage staff for firm

C
Purchase and sale of goods in the name of the firm

D
Acquire immovable property on behalf of the firm

Solution

Option D is the correct answer.
Question 9
1 / -0

A minor can do which of the following thing......

A
Plead minority

B
Can act an agent

C
Enter contract of apprenticeship

D
All the three

Solution

Option D is the correct answer.
Question 10
1 / -0

Partnership contract is a subject matter of......

A
Union list

B
State list

C
Concurrent list

D
All the three

Solution

Option C is the correct answer.

User

Question Analysis

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Re-Attempt Weekly Quiz Competition

Forms of Business Organisations Test - 19

Result

Forms of Business Organisations Test - 19

Score

-

Rank

-

SHARING IS CARING

Question 1

Holding a valid Indian passport

An agreement

Existence of business

Sharing of profit

Solution

Question 2

Honorary post

Public servant

Central Government officer

Trade representative

Solution

Question 3

Friends

Wife

Executor

His father

Solution

Question 4

Central Government

State Government

Local body

State Assembly

Solution

Question 5

Misconduct

Superannuation of a partner

Incapacity of partner

Continued losses

Solution

Question 6

1-1-1932

1-4-1932

1-7-1932

1-10-1932

Solution

Question 7

Promoters

Board of directors

Chairman of the Company

Shareholders

Solution

Question 8

Take payment of sales proceed

To engage staff for firm

Purchase and sale of goods in the name of the firm

Acquire immovable property on behalf of the firm

Solution

Question 9

Plead minority

Can act an agent

Enter contract of apprenticeship

All the three

Solution

Question 10

Union list

State list

Concurrent list

All the three

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

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