Steps involved in Establishing Business Test 10

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Steps involved in Establishing Business Test 10

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Weekly Quiz Competition

Question 1
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 2
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 3
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 4
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 5
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.
Question 6
1 / -0

An admission or report made by a partner concerning the affairs of the firm is evidence against the firm only when ___________.

A
it is made in the ordinary course of business

B
it is made with the knowledge of the all partners

C
it is made with the connivance of remaining partners

D
it is made with the approval of all the partners

Solution

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

An unregistered firm cannot file a suit against any _________.

A
partners

B
retired partner

C
third party

D
all the three

Solution

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

Public notice of dissolution of a firm is given by....

A
Managing partner

B
Active partner

C
Legal advisor of the firm

D
Any partner

Solution

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

Liability of a partner is..............

A
Limited

B
Unlimited

C
Limited to the share capital only

D
Depends on the provisions in the partnership deed

Solution

Option B is the correct answer.
Question 10
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.

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Question Analysis

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Re-Attempt Weekly Quiz Competition

Steps involved in Establishing Business Test 10

Result

Steps involved in Establishing Business Test 10

Score

-

Rank

-

SHARING IS CARING

Question 1

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 2

1-1-1932

1-4-1932

1-7-1932

1-10-1932

Solution

Question 3

Misconduct

Superannuation of a partner

Incapacity of partner

Continued losses

Solution

Question 4

Plead minority

Can act an agent

Enter contract of apprenticeship

All the three

Solution

Question 5

Union list

State list

Concurrent list

All the three

Solution

Question 6

it is made in the ordinary course of business

it is made with the knowledge of the all partners

it is made with the connivance of remaining partners

it is made with the approval of all the partners

Solution

Question 7

partners

retired partner

third party

all the three

Solution

Question 8

Managing partner

Active partner

Legal advisor of the firm

Any partner

Solution

Question 9

Limited

Unlimited

Limited to the share capital only

Depends on the provisions in the partnership deed

Solution

Question 10

Central Government

State Government

Local body

State Assembly

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

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