The partner below the age of 18 years is called:
The partner below the age of 18 years is called:
major partner | |
junior partner | |
minor partner | |
active partner |
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Active partner in partnership:
Active partner in partnership:
Both A & B | |
participate in management | |
invest capital | |
sleeping partner |
In partnership, an active partner:
In partnership, an active partner:
neither invests capital not works | |
not only invests capital but also works | |
invest capital but does not work | |
none of these |
Liability of partners in partnership is:
Liability of partners in partnership is:
no liability | |
all of these | |
limited | |
unlimited |
The minimum number of partners in partnership:
The minimum number of partners in partnership:
6 | |
2 | |
10 | |
20 |
Partnership registered under the Act of:
Partnership registered under the Act of:
1932 | |
1984 | |
1913 | |
1947 |
Registration of the partnership business:
Registration of the partnership business:
depend on the will of partners | |
depend on the will of Registrar | |
none of these | |
is necessary |
Limited Partnership Act was formulated in:
Limited Partnership Act was formulated in:
1897 | |
1927 | |
1907 | |
2017 |
Trade means:
Trade means:
wholesaling | |
retailing | |
all of these | |
imports and exports |
The minimum number of partners in partnership are:
The minimum number of partners in partnership are:
four | |
ten | |
six | |
two |
The best form of a partnership deed is:
The best form of a partnership deed is:
verbal | |
written and registered | |
written | |
none of these |
The success of tradership is dependent to the:
The success of tradership is dependent to the:
capability of the manager | |
capability of sole trader | |
cooperation of friends | |
administration |
A sole proprietor may expand his business by:
A sole proprietor may expand his business by:
having a new shareholder | |
buying more shares | |
both A and B | |
employing more persons |
Transfer of sole proprietorship is:
Transfer of sole proprietorship is:
not possible | |
impossible | |
done according to legal requirements | |
done easily |
The expenses for the formation of sole tradership are:
The expenses for the formation of sole tradership are:
not at all | |
less | |
more | |
almost none |
In which form of business organization, the element of secre
In which form of business organization, the element of secrecy is maintained?
Cooperative Society | |
Sole Tradership | |
Joint Stock Company | |
Partnership |
A sole porprietor form his business after:
A sole porprietor form his business after:
the permission of the relatives | |
fulfilling legal requirements | |
approval of the government | |
his own will |
Sole proprietor business is generally carried on:
Sole proprietor business is generally carried on:
large scale | |
small scale | |
all the above | |
medium scale |
Who provides capital in sole proprietorship?
Who provides capital in sole proprietorship?
sole owner | |
workers | |
bank | |
relatives |
The participants in sole tradership is/are:
The participants in sole tradership is/are:
2 | |
1 | |
5 | |
3 |