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  • Question 1
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    A partnership form of business organization will be more advantageous in operation as it has _______.

  • Question 2
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    For a minor to be admitted to benefits of partnership ________.

  • Question 3
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    Partners are ____________ of the firm.

  • Question 4
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    XYZ partnership firm is a partnership firm between A and B. C posed that he is a partner in XYZ and earned profits form the market. C will be regarded as ______.

  • Question 5
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    Which of the following are the rights of a partner in a partnership firm?
    X. To take part in the conduct and management of the business.
    Y. To receive remuneration for active working in the firm.
    Z. To receive interest on the capital invested in the firm W. To receive share in the profit.
    Which of the following is/are the correct options?

  • Question 6
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    Partnership must arise from  _______.

  • Question 7
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    S a partner in AB and Sons has transferred his interest in the firm to D. Is the transfer correct?

  • Question 8
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    Each partner is __________.

  • Question 9
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    A partner who is entitled to share in the profits of a partnership firm without being liable to the losses, is called _________.

  • Question 10
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    In which of the following cases a partnership firm is re-constituted?

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