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11th Standard Commerce Hindu Undivided Family and Partnership English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. 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

  2. '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

  3. The partnership deed also called _____________

    (a)

    Articles of Association

    (b)

    Articles of Partnership

    (c)

    Partnership Act

    (d)

    Partnership

  4. The 'Karta' in the Hindu undivided Family Business has _________

    (a)

    Join Liability with other co-parceners

    (b)

    Limited Liability

    (c)

    Unlimited Liability

    (d)

    No Liability for the family's debts

  5. ___________ is governed by the Indian Partnership Act.

    (a)

    Partnership Firm

    (b)

    Sole trader ship

    (c)

    Joint Hindu Family

    (d)

    None of these

  6. Every Partner has the right to receive interest on loans and advances at the rate of per _________ annum.

    (a)

    6%

    (b)

    10%

    (c)

    12%

    (d)

    No Interest

  7. _________ cannot become a Partner.

    (a)

    Literate

    (b)

    Illiterate

    (c)

    Lunatics

    (d)

    None of these

  8. Person who enter in to a partnership are individually called.

    (a)

    Partner

    (b)

    Partnership firm

    (c)

    Firm name

    (d)

    Co-operation

  9. In case, the partnership deed does specify the rights and duties of partner the provision of will apply.

    (a)

    Government rules

    (b)

    Partnership act

    (c)

    Articles of partnership

    (d)

    Companies act

  10. Partner who contribute capital but do not take part in the management affairs of the firm is called partner.

    (a)

    Active

    (b)

    Sleeping

    (c)

    Nominal

    (d)

    Secret

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