Hindu Undivided Family and Partnership One Mark Question

11th Standard

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Commerce

Time : 00:30:00 Hrs
Total Marks : 10
    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. A partnership is registered with __________

    (a)

    Registrar of Companies

    (b)

    Registrar of Co-operatives

    (c)

    Registrar of Firms

    (d)

    District Collector

  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. The Maximum number of members in the non-banking firm is __________

    (a)

    10

    (b)

    15

    (c)

    20

    (d)

    25

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