The Indian Partnership Act Quiz:
Ques. Right of buyer of firms goodwill …..
(a) to use the firm name
(b) to share in dissolved firm
(c) to file suit
(d) none of these
Ques. When Indian Partnership Act came into effect ?
(a) 1933
(b) 1923
(c) 1932
(d) 1872
Ques. After the dissolution of firm goodwill of firm …..
(a) can be changed
(b) can be sold
(c) cannot be sold
(d) can’t do anything
Ques. Minimum members required in partnership firm is …..
(a) 07
(b) 08
(c) 10
(d) 02
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Ques. Consequence of non – registration of partnership firm …..
(a) file a suit
(b) it is crime
(c) cannot file a suit
(d) breach of law
Ques. Maximum partner allowable for banking business is …..
(a) 02
(b) 10
(c) 07
(d) 20
Ques. When partnership firm can not be dissolved compulsorily ?
(a) Insolvent
(b) Act against law
(c) None of these
(d) Lawful business of firm
Ques. Every partner is ……….. of the other partners.
(a) servant
(b) principal
(c) an agent
(d) owner
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Ques. Property of partnership from mean …..
(a) goodwill
(b) reputation
(c) name
(d) patent
Ques. Who is third party in partnership firm?
(a) permanent partner
(b) not partner in firm
(c) temporary partner
(d) partner in firm
Ques. Group of person is firm …..
(a) who are members of H.U.F.
(b) who are business couple husband – wife
(c) who are co-owners
(d) with whom agreement of sharing of profit is agreed upon
Ques. What is the object of partnership ?
(a) Loss
(b) Charity
(c) Profit
(d) None of these
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Ques. Can Firm be dissolve after the death of any partner ?
(a) as per contract
(b) as per law
(c) by court
(d) none
Ques. Agreement in partnership is for …..
(a) distribute of loss
(b) none of these
(c) distribute goods
(d) distribute of profit
Ques. Can Partnership firm be dissolve by court ?
(a) Yes
(b) No
(c) No provision in law
(d) None
Ques. Before 1932 under which law the provision of partnership act was made ?
(a) Civil Act 1484
(b) Contract Act 1872
(c) Contract Act 1908
(d) Common Law 1782
Ques. Implied authority of partner is …..
(a) to create new firm
(b) to dissolve the firm
(c) to sign the cheque
(d) none of these
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Ques. Any partner can utilize the property of firm to personal use ?
(a) At will
(b) As per contract
(c) Yes
(d) No
Ques. Is minor personally responsible for act of the firm ?
(a) Yes
(b) No
(c) Uncertain
(d) Sometimes
Ques. When partnership from can be dissolve by agreement ?
(a) When dispute arise
(b) Death of partners
(c) With the consent of all partners
(d) By court
Ques. Minor partner has right with the firm for …..
(a) loss
(b) none of these
(c) take part in administration
(d) profit
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Ques. Lien is ….. of the partner
(a) powers
(b) liability
(c) duty
(d) right
Ques. Dissolution of firm means …..
(a) dissolution of firm
(b) Revocation of firm
(c) dissolution of partnership
(d) Dissolution of trust
Ques. Every partner has right for …..
(a) demand of account
(b) do not work
(c) doing fraud
(d) none of these
Ques. A partner cannot ……….. with his firm.
(a) deed
(b) will
(c) contract
(d) promissory note
Ques. A partner can not transfer his interest without the ……….. of other partners.
(a) consent
(b) evidence
(c) deed
(d) none of these
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Ques. Liability of partners is …..
(a) limited
(b) none of these
(c) unlimited
(d) voluntary
Ques. Partnership for fixed term means …..
(a) for fixed term
(b) uncertain time
(c) both one & two
(d) none
Easy questions but ohkk
very much thank for questions