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

'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

The partnership deed also called _______.

(a)

Articles of Association

(b)

Articles of Partnership

(c)

Partnership Act

(d)

Partnership

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

___________ is governed by the Indian Partnership Act.

(a)

Partnership Firm

(b)

Sole trader ship

(c)

Joint Hindu Family

(d)

None of these

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

_________ cannot become a Partner.

(a)

Literate

(b)

Illiterate

(c)

Lunatics

(d)

None of these

Person who enter in to a partnership are individually called ____________

(a)

Partner

(b)

Partnership firm

(c)

Firm name

(d)

Co-operation

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

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