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Indian Partnership Act MCQ question and answer | Law MCQ question

Indian Partnership Act MCQ question and answer with easy explanations in Law MCQ. Indian Partnership Act MCQ section is suitable for aspirants preparing for competitive exams like NET, UPSC, JRF, SET,UGC NET other law exams etc. Page-8 section-5

Each section contains 100 MCQs on Indian Partnership Act .
71
The dissolution by notice as described under section 43 of the Indian Partnership Act, 1932, is applicable where the partnership is
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Answer & Solution
Answer: Option A
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72
Within how many months of attaining majority, a minor admitted into the benefits of a partnership firm must decide whether he wants to become a partner in the firm?
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Answer: Option C
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73
In which of the following cases it was held by the Supreme Court that partnership firm is not a separate legal entity apart from the partners?
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Answer: Option A
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74
"Partnership" means
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Answer: Option B
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75
Match List I with List II and select the correct answer using the given below:
List I List II
a. Partnership not created by status 1. CST v. Kelukutty
b. Essentials of partnership 2. Kshetra Mohan v. Commr. of Excess Profit Tax
c. Joint Hindu Family and partnership 3. Rakesh Kumar, Dinesh Kumar v. U. G. Hotels and Resorts Ltd.
d. Partnership between outsiders and joint family 4. Canpat v. Annaji
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Answer: Option A
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76
Where on the outgoing of a partner, other partners continue in business without a final settlement of accounts, under the scheme of section 37 of the Indian Partemership Act, 1932 the outgoing partner is entitled to
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Answer: Option D
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77
Match List-I with List-II and select the correct answer using the given below:
List I List II
a. Mutual Rights and Liabilities of Partners 1. Section 34 of Partnership Act
b. Dissolution of Partnership 2. Section 13 of Partnership Act
c. Retirement of a Partner 3. Section 39 of Partnership Act
d. Insolvency of a Partner 4. Section 32 of Partnership Act
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Answer: Option B
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78
In which of the following cases the Supreme Court held that by agreement between the partners, a partner can be given remuneration for attending partnership work:
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Answer: Option A
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79
The term 'partnership' has been defined under
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Answer: Option B
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80
Section 21 of the Indian Partnership Act, 1932, deals with
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Answer: Option C
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