Admission of a Partner Test

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Admission of a Partner Test - 25

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Weekly Quiz Competition

Question 1
1 / -0

Registrar of firms is appointed by ___________________.

A
Central Government

B
Local Government

C
State Government

D
High Court
Question 2
1 / -0

Reconstitution of a partnership firm necessitates ______.

A
Re-determination of right and duties of each partner

B
Seeking certificate of registration afresh

C
Injection of fresh capital into the firm

D
None of these
Question 3
1 / -0

____________ is a valid partnership.

A
Partnership between two Joint Hindu Families

B
Partnership between two firms

C
Partnership between partners of two firms

D
One major and one minor person
Question 4
1 / -0

Any statement, intimation or notice recorded or noted in the register of firms, is conclusive proof of any facts mentioned therein against ___________________.

A
all the partners of the firm

B
any person by whom or on whose behalf such statement, intimation or notice was signed

C
all persons dealing with the firm

D
firm
Question 5
1 / -0

An application for registration of firm does not contain which of the following particulars ____________________.

A
Name and place of the firm

B
Names and addresses of each partner

C
Circumstances when a partnership will be dissolved

D
Duration of partnership
Question 6
1 / -0

Reconstitution of a partnership firm may arise due to which of these events?

A
Admission, retirement, death of a partner

B
Expulsion, insolvency of any partner

C
Transfer of interest by a partner

D
All or any of the above events

Solution

Reconstitution means any kind of change in the partnership agreement .
The given options like admission,retirement, death, expulsion, insolvency, transfer of interest bring about a change in the partnership agreement ( in any form like structure, profit sharing ratio, etc.) and hence all of these events mean 'Reconstitution' of a partnership firm.
Question 7
1 / -0

Which of these events does not cause reconstitution of the firm?

A
Admission of a partner

B
Death

C
Retirement of partner

D
Illness of a partner
Question 8
1 / -0

____________ cannot make a valid partnership.

A
Husband and wife

B
Father in law and Son in law

C
Father and his minor son

D
Grand father and major grand son
Question 9
1 / -0

A partnership at Will is created when ________.

A
The duration of the partnership is not fixed

B
There is no provision as to when and how the partnership will come to an end

C
Both (a) and (b)

D
Either (a) or (b)
Question 10
1 / -0

The test of expulsion in good faith are __________.

A
Expulsion in the interest of the firm

B
Notice of expulsion given to the partner

C
Expelled partner given opportunity to be heard

D
All the three

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Re-Attempt Weekly Quiz Competition

Admission of a Partner Test - 25

Result

Admission of a Partner Test - 25

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Rank

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SHARING IS CARING

Question 1

Central Government

Local Government

State Government

High Court

Question 2

Re-determination of right and duties of each partner

Seeking certificate of registration afresh

Injection of fresh capital into the firm

None of these

Question 3

Partnership between two Joint Hindu Families

Partnership between two firms

Partnership between partners of two firms

One major and one minor person

Question 4

all the partners of the firm

any person by whom or on whose behalf such statement, intimation or notice was signed

all persons dealing with the firm

firm

Question 5

Name and place of the firm

Names and addresses of each partner

Circumstances when a partnership will be dissolved

Duration of partnership

Question 6

Admission, retirement, death of a partner

Expulsion, insolvency of any partner

Transfer of interest by a partner

All or any of the above events

Solution

Question 7

Admission of a partner

Death

Retirement of partner

Illness of a partner

Question 8

Husband and wife

Father in law and Son in law

Father and his minor son

Grand father and major grand son

Question 9

The duration of the partnership is not fixed

There is no provision as to when and how the partnership will come to an end

Both (a) and (b)

Either (a) or (b)

Question 10

Expulsion in the interest of the firm

Notice of expulsion given to the partner

Expelled partner given opportunity to be heard

All the three

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