Indian Partnership Act MCQ question and answer

Home

Competitive Exams

Aptitude English Verbal Reasoning Non Verbal Reasoning General Knowledge(GK) General Science(GS) Data Interpretation(DI) Banking Awareness Current Affairs

Computer & Programming

Computer Fundamentals Networking SQL Database C Programming C++ Programming Java Python

Other Subjects

Commerce Management Law Political Science Psychology Agriculture

Exam Categories

SSC Exams Railway Exams All Exams

Popular Exams

SSC CGL SSC CHSL SSC MTS Railway Group D RRB ALP RRB Technician RRB Section Controller

Engineering Subjects

Computer Science Electronics & Communication Mechanical Engineering Civil Engineering Electrical Engineering

More Engineering

Chemical Engineering Automobile Engineering Biotechnology Mining Engineering Geological Engineering

Engineering Core

Engineering Mathematics Engineering Physics Engineering Chemistry Metallurgical Engineering

Computer Fundamentals

Computer Fundamentals Networking Database SQL MySQL

Programming

C Programming C++ Programming Java Python PHP JavaScript

Advanced

Artificial Intelligence Machine Learning Data Science Cloud Computing Hadoop IoT

Graduation & PG

Commerce Management Law Mass Communication Political Science Psychology

Resources

Current Affairs Interview Blog

Each section contains 100 MCQs on Indian Partnership Act .

What constitutes the property of the firm has been dealt with in

A) Section 16 B) Section 15 C) Section 14 D) Section 13

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Partnership can be created by

A) A written agreement between partners B) An oral agreement between partners C) Could be inferred from the conduct of the parties D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Which of the following is true about an incorporated company?

A) Its life depends on the life of its members B) Its nationality depends on the nationality of its shareholders C) Audit is not compulsory of its account D) As such it never dies

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Section 34 of the Indian Partnership Act, 1932, deals with

A) Retirement of a partner B) Expulsion of a partner C) Insolvency of a partner D) Death of a partner

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

For the enforcement of a right arising from a contract, a partner of an unregistered firm under section 69(1) of the Indian Partnership Act, 1932 can sue

A) The firm B) The co-partner(s) C) Both (A) and (B) D) Neither (A) nor (B)

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

To start a partnership business, what should be the minimum number of partners?

A) 2 B) 10 C) 4 D) 20

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

When a minor elects to become a partner he becomes, personally liable to third parties for all acts of the firm done since

A) He was admitted to be benefits of partnership B) From the date of his attaining majority C) From the date of his becoming a partner D) Both (B) and (C)

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

If a partner withdraws from a firm by dissolving it, then

A) It is a dissolution and not retirement of a partner B) It is a novation and not retirement of a partner C) It is a retirement of a partner D) None of the above

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

The type of dissolution provided under section 43 of the Indian Partnership Act, 1932 is

A) Dissolution by court B) Dissolution by notice C) Dissolution by agreement D) Dissolution by insolvency

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

The provision related to 'Expulsion of a partner is contained under'

A) Section 32 B) Section 33 C) Section 30 D) Section 31

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

1 2 3 4 5 6 7 8 9 10

Indian Partnership Act MCQ question and answer | Law MCQ question