Hindu Undivided Family and Partnership - Important Question Paper

11th Standard

    Reg.No. :
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Commerce

Time : 01:00:00 Hrs
Total Marks : 50

    Part A

    10 x 1 = 10
  1. The firm of Hindu Undivided Family is managed by whom?

    (a)

    Owner

    (b)

    Karta

    (c)

    Manager

    (d)

    Partner

  2. In the firm of Hindu Undivided Family, how one gets the membership?

    (a)

    By Agreement

    (b)

    By Birth

    (c)

    By Investing Capital

    (d)

    By Managing

  3. The Members in the joint Hindu family are called ________

    (a)

    Karta

    (b)

    Coparceners

    (c)

    Generations

    (d)

    Partners

  4. 'Only the male members in the family get the right of inheritance by birth' as ________

    (a)

    Hindu law

    (b)

    Mitakshara Law

    (c)

    Dayabhaga law

    (d)

    None of these

  5. Name the Partner whose association with the firm is not known to the general Public:

    (a)

    Sleeping Partner

    (b)

    Active Partner

    (c)

    Nominal Partner

    (d)

    Secret Partner

  6. ___________ is governed by the Indian Partnership Act.

    (a)

    Partnership Firm

    (b)

    Sole trader ship

    (c)

    Joint Hindu Family

    (d)

    None of these

  7. A Partnership firm may be registered under Act ----------

    (a)

    1949 Act

    (b)

    1956 Act

    (c)

    1932 Act

    (d)

    1890 Act

  8. In Partnership there exists relationship of ___________[OR] The relationship between the partners is ------------

    (a)

    principal and agent

    (b)

    owner and servant

    (c)

    employer and employee

    (d)

    frist and second

  9. The Profit and loss of partnership firm is shared in the _______ among the partners.

    (a)

    agree ratio

    (b)

    equal ratio

    (c)

    capital ratio

    (d)

    none of these

  10. According to Hindu Law, a hindu can inherit the property from

    (a)

    Five generations

    (b)

    Four gernerations

    (c)

    Three generations

    (d)

    Two generations

  11. Part B

    5 x 2 = 10
  12. In Hindu Undivided Family how is the liability of Karta?

  13. Write any two examples of Joint Hindu Family business run in India.

  14. What is the meaning of Ancestral Property?

  15. What is limited liability partnership(LLP)?

  16. What is partnership firm?

  17. Part C

    5 x 3 = 15
  18. What are the circumstances under which a Partnership firm is dissolved?

  19. Under what circumstances the court can order for dissolution of Partnership?

  20. If it is possible in dissolution of Joint Hindu Family business?

  21. What is unlimited liability?

  22. What is Particular partnership?

  23. Part D

    3 x 5 = 15
  24. Can a minor is admitted in the Joint Hindu Family business - Why?

  25. What are the contents of Partnership Deed?

  26. Explain any five Kinds of Partners.

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