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11th Standard English Medium Commerce Subject Hindu Undivided Family and Partnership Creative 1 Mark Questions with Solution Part - II updated Creative Questions Question Bank Software May-13 , 2022

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11th Standard English Medium Commerce Subject Hindu Undivided Family and Partnership Creative 1 Mark Questions with Solution Part - II updated Creative Questions

11th Standard English Medium Commerce Subject Hindu Undivided Family and Partnership Creative 1 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5

  1. A partnership which is formed to carry on business without specifying any period of time, it is called ____________

    (a)

    partnership-at-will

    (b)

    particular partnership

    (c)

    limited partnership

    (d)

    joint venture

  2. Limited partnership is allowed in ______________

    (a)

    India and Europe

    (b)

    Europe and England

    (c)

    Europe and U.S.A.

    (d)

    U.S.A. and India

  3. A partnership which is formed to complete a specific job doing a specified period of time is called _________________

    (a)

    partnership-at-will

    (b)

    particular partnership

    (c)

    limited partnership

    (d)

    joint venture

  4. Which of the following type of partnership is not permitted in India?

    (a)

    Partnership-at-will

    (b)

    Particular partnership

    (c)

    Limited partnership

    (d)

    Joint venture

  5. Section 19(1) of Partnership Act 1932 defines _____________

    (a)

    partners express authority

    (b)

    implied authority of a partner

    (c)

    definition of partnership

    (d)

    dissolution of partnership

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