Click on Any Option to check right Answer and Explanation.
1 of 10
Q.1 Inactive partner is also known as…..
- Sleeping partner
- Working partner
- Secret partner
- None of them
2 of 10
Q.2 … . . .. Partner do not take part in conduct of business firm.
- Working partner
- Secret partner
- Inactive partner
- None of them
3 of 10
Q.3 The partner not disclosed to public but shares the profit and losses of the firm is…
- Sleeping partner
- Inactive partner
- Both of them
- None of them
4 of 10
Q.4 The partner not sharing profit but liable for the debts of the firm is…
- Secret partner
- Nominal partner
- Working partner
- None of them
5 of 10
Q.5 The partner Neither contributing capital not taking an active part in business conduct is…
- Active partner
- Working partner
- Nominal partner
- None of them
6 of 10
Q.6 The partner who does not want to be known as partner of the firm is…
- Secret partner
- Working partner
- Secret partner
- None of them
7 of 10
Q.7 The partnership wherein partners have unlimited liabilities is…
- General partnership
- Limited partnership
- Both of them
- None of them
8 of 10
Q.8 A limited partnership consist of…
- General partners
- Limited partners
- Special partners
- All of them
9 of 10
Q.9 More stable partnership is…
- General partnership
- Limited partnership
- Both of them
- None of them
10 of 10
Q.10 The partner having authority to check the books of account for information besides not a part of Managing firm is…
- General partners
- Limited partner
- Special partners
- All of them