[CUET] Mock Test of Fundamentals of Partnership (Partnership Deed) (Part – 1) Post author:Anurag Pathak Post published:October 15, 2025 Post category:Uncategorized Post comments:0 Comments Live Mock Test of Fundamentals of Partnership (Partnership Deed) for CUET UG 0% 12345678910111213 You have 10 minutes to complete the Test. After completion, you would get your final result immediately. Your time is up. Mock Test of Fundamentals of Partnership (Partnership Deed) for CUET (Part - 1) 1 / 13 Assertion (A): A written partnership agreement that is signed and registered is essential to avoid misunderstandings and disputes among partners. Reason (R): A registered partnership deed can be furnished as evidence in court in case of any dispute among the partners. Assertion (A) is false, but Reason (R) is true (a) Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A) Assertion (A) is true, but Reason (R) is false Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A) 2 / 13 Assertion (A): A written partnership agreement ensures clarity in the terms and conditions agreed upon by the partners. Reason (R): A partnership deed, if not registered, cannot be used in court under any circumstances. Assertion (A) is false, but Reason (R) is true Both Assertion (A) and Reason (R) are true Assertion (A) is true, but Reason (R) is false Both Assertion (A) and Reason (R) are false 3 / 13 What information about partners is included in the Partnership Deed? Their opinions on profit-sharing ratio Their name, description, and address Their bank account details Their income and educational qualifications 4 / 13 What is the document called that contains all agreed terms and conditions between partners? Partnership Agreement Business Charter Memorandum of Understanding Partnership Deed 5 / 13 What is the primary purpose of forming a partnership? To share profits of a business To eliminate business competition To avoid legal documentation To share losses equally 6 / 13 Which of the following is considered good practice in partnership agreements? Agreeing to share losses only Keeping all terms oral Writing down all agreed terms and conditions Avoiding any formal agreement 7 / 13 Terms and conditions of a partnership can be in which of the following forms? Both oral and written Oral Digital only Written 8 / 13 Why is a written partnership agreement preferred over an oral agreement? It helps partners avoid profits It eliminates the need for negotiations It increases legal obligations unnecessarily It ensures clarity and avoids disputes 9 / 13 Why is it recommended to have a written partnership agreement that is signed and registered? To reduce the partners' legal obligations To increase the credibility of partners in taxation matters To eliminate the need for business documentation To resolve misunderstandings and avoid disputes in the future 10 / 13 What is the legal significance of a registered partnership deed in case of a dispute? It ensures automatic dissolution of the partnership. It serves as evidence in court for resolving conflicts. It guarantees profits to all partners equally. It guarantees profits to all partners equally. 11 / 13 What is another name for a Partnership Deed? Articles of Partnership Partnership Agreement Memorandum of Partnership Partnership Charter 12 / 13 Why is the accounting period mentioned in the Partnership Deed usually set to end on 31st March every year? To simplify annual asset valuation To comply with the income tax submission deadline To avoid conflicts among partners To align with the partners' preferences 13 / 13 What does the Partnership Deed primarily contain? Oral agreements between partners Agreed terms, conditions, and business information in written form Legal verdicts regarding partnership disputes Future goals and objectives of the firm Your score isThe average score is 0% 0% Restart quiz You Might Also Like [CUET] Mock Test of Fundamentals of Partnership (Appropriation of Profit) with Result (Free) October 26, 2025 CUET Mock Test of Fundamentals of Partnership (Rules in the Absence of Partnership Deed) – 2 October 16, 2025 Live MCQs Mock Test of Fundamentals of Parntership (Definition & Nature) (Quiz – 2) September 22, 2025 Leave a Reply Cancel replyCommentEnter your name or username to comment Enter your email address to comment Enter your website URL (optional) Save my name, email, and website in this browser for the next time I comment.
[CUET] Mock Test of Fundamentals of Partnership (Appropriation of Profit) with Result (Free) October 26, 2025
CUET Mock Test of Fundamentals of Partnership (Rules in the Absence of Partnership Deed) – 2 October 16, 2025
Live MCQs Mock Test of Fundamentals of Parntership (Definition & Nature) (Quiz – 2) September 22, 2025