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Forms of Busine...

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  • Question 1
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    To form a partnership, the parties should share ________.

  • Question 2
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    Which of the following act is within the implied authority?

  • Question 3
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    Application for registration of firms should be signed by _____________.

  • Question 4
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    Where the continuing partners carry on the business of the firm, the outgoing partner whose claim is not settled.
    X. is entitled to share of profits since date of cessation as partner.
    Y. is not entitled to claim anything other than unsettled amount
    Z. is entitled to $$6\%$$ interest p.a. on the unsettled amount.
    Select the correct answer from the options given.

  • Question 5
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    Which of the following is not required to be given in an application for registration of a Firm?

  • Question 6
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    Which of the following can be treated as advantage of HUF form of business?
    I. The liability of the co-parceners is limited, except for that of karta which makes the karta to manage the business in the most efficient manner.
    II. A HUF business is not affected by the insolvency or death of any member including that of karta.
    Select the correct answer from the options given below:

  • Question 7
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    As per _____ of the Companies Act, 2013 "company" means a company incorporated under Companies Act, 2013 or under any previous company law.

  • Question 8
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    Each member of firm is individually known as ________________.

  • Question 9
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    In which of the following case there is no bar on the right of unregistered firm or any partner of its partner?

  • Question 10
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    The main objective(s) of co-operative society is/are _______________.

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