Admission of a Partner Test

Result

Admission of a Partner Test - 27

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Weekly Quiz Competition

Question 1
1 / -0

___________ is/are not found in a partnership firm but found in a company.

A
limited liability

B
perpetual existence

C
legal entity

D
all the three
Question 2
1 / -0

XYZ are three partners. On death of X, his son A is admitted into the partnership. This is a case of __________.

A
Dissolution of firm

B
Dissolution of partnership

C
Extension of partnership

D
Reformation of partnership
Question 3
1 / -0

In the case of a partnership firm public notice is not required for which of these events?

A
Death of a partner

B
Marriage of a partner

C
A partner filing nomination for assembly election

D
All the three
Question 4
1 / -0

What is the maximum imprisonment for furnishing wrong information to the Registrar of firms under section 70?

A
Imprisonment of 6 months

B
Imprisonment up to 2 years

C
Imprisonment up to 3 months

D
Imprisonment at least of 3 months
Question 5
1 / -0

An insolvent partner ceases to be partner of the firm.

A
On the date on which order of adjudication is made

B
When the firm is dissolved

C
$$3$$ months after adjudication

D
On the date of public notice
Question 6
1 / -0

In order to entitle a partner to return of proportionate amount of premium on premature dissolution of the partnership which of these is/ are the condition(s) to be satisfied by him?

A
He paid the premium at the time of joining the firm

B
Partnership is for a fixed period

C
Partnership has been dissolved before the expiry of the period

D
All the three
Question 7
1 / -0

X a partner of XYZ associates has been declared be of unsound mind by a competent medical authority. Which of these options are available to other partners of the firm?

A
Expel X and continuous the business

B
Induct X's family member as a dummy partner in place of X

C
Apply to the court for dissolution of firm under section $$44$$

D
All the three
Question 8
1 / -0

X and Y formed a partnership to undertake construction of a Shopping Mall in Delhi. On completion of the Shopping Mall __________.

A
The firm stands dissolved

B
Firm is reconstituted

C
Partnership is renewed

D
Firm continues
Question 9
1 / -0

XYZ Associates, a partnership firm engaged in export of gems and jewellery items has been running into heavy failed to yield any results. Partners intend to dissolve the firm. Which of this course of action are advised to the firm.

A
Shut down the office and other premises of the firm immdiately

B
Put a notice of suspension of business on the notice board prominently

C
Apply to the court under section $$44$$ for dissolution of the firm

D
Dispose off the property of the firm
Question 10
1 / -0

___________ is not required for creation of partnership.

A
agreement

B
existence of business

C
consideration

D
mutual trust

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Question Analysis

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Re-Attempt Weekly Quiz Competition

Admission of a Partner Test - 27

Result

Admission of a Partner Test - 27

Score

-

Rank

-

SHARING IS CARING

Question 1

limited liability

perpetual existence

legal entity

all the three

Question 2

Dissolution of firm

Dissolution of partnership

Extension of partnership

Reformation of partnership

Question 3

Death of a partner

Marriage of a partner

A partner filing nomination for assembly election

All the three

Question 4

Imprisonment of 6 months

Imprisonment up to 2 years

Imprisonment up to 3 months

Imprisonment at least of 3 months

Question 5

On the date on which order of adjudication is made

When the firm is dissolved

$$3$$ months after adjudication

On the date of public notice

Question 6

He paid the premium at the time of joining the firm

Partnership is for a fixed period

Partnership has been dissolved before the expiry of the period

All the three

Question 7

Expel X and continuous the business

Induct X's family member as a dummy partner in place of X

Apply to the court for dissolution of firm under section $$44$$

All the three

Question 8

The firm stands dissolved

Firm is reconstituted

Partnership is renewed

Firm continues

Question 9

Shut down the office and other premises of the firm immdiately

Put a notice of suspension of business on the notice board prominently

Apply to the court under section $$44$$ for dissolution of the firm

Dispose off the property of the firm

Question 10

agreement

existence of business

consideration

mutual trust

User

Question Analysis

My Perfomance

Score

-

Rank

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