Indian Partnership Act MCQ question and answer

51

Who among the following appoints the Registrar of Firms in the States?

A) Concerned State Government B) Central Government C) Chairman of Company Law Board (CLB) D) Registrar of Companies

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Answer & Solution

Answer: Option A

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52

The principles governing the relations of partners to third parties, are certained in

A) Chapter 4 of the Indian Partnership Act B) Chapter 5 of the Indian Partnership Act C) Chapter 3 of the Indian Partnership Act D) Chapter 6 of the Indian Partnership Act

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Answer & Solution

Answer: Option A

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53

Registration of a firm is

A) Mandatory B) Desirable C) Not compulsory D) Directory

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Answer & Solution

Answer: Option C

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54

An application for registration of a firm under section 58 of the Indian Registration Act, 1932, is

A) Is required to be presented personally to the Registrar of firm B) Is required to be sent by post C) Either (A) or (B) D) Only (A) and not (B)

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Answer & Solution

Answer: Option C

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55

In case of immovable property of firm, the power to transfer must be given

A) Impliedly to the transferring partner B) Expressly to the transferring partner C) Both (A) and (B) are correct D) None of above are correct

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Answer & Solution

Answer: Option B

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56

By implied authority, each partner binds all other partners by his acts in all matters which are within the scope and objects of partnership. In a partnership of general commercial nature, which of the following is not within the implied authority of partners?

A) That every partner may pledge or sell the partnership property B) That any partner may admit any liability in a suit against the firm C) That every partner may borrow money on account of the partnership D) That every partner may engage servants for the partnership business

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Answer & Solution

Answer: Option B

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57

For constituting a partnership within the meaning of section 4 of the Indian Partnership Act, 1932

A) The business has to be of permanent nature B) The business can be of temporary nature C) It is immaterial as to whether the business is of temporary or permanent nature D) Only (A) and not (B)

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Answer & Solution

Answer: Option C

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58

Suit for dissolution is . . . . . . . proceeding?

A) Not an independent B) An independent C) An invalid D) A conditional

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Answer & Solution

Answer: Option B

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59

Penalty for furnishing false particulars within the meaning of section 70 amounts to:

A) Upto 3 months imprisonment or with fine or with both B) Upto 6 months imprisonment or with fine or with both C) Upto 9 months imprisonment or with fine or with both D) None of above

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Answer & Solution

Answer: Option A

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60

An agreement in restraint of trade in a partnership under Section 11 of the Indian Partnership Act is

A) Valid B) Voidable C) Void D) Illegal

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Answer & Solution

Answer: Option A

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Indian Partnership Act MCQ question and answer | Law MCQ question