CUET Mock Test of Fundamentals of Partnership (Rules in the Absence of Partnership Deed) – 2

CUET Mock Test of Fundamentals of Partnership (Rules in the Absence of Partnership Deed) – 2 for Class 12 CBSE, ISC and CUET UG

0%

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 (Rules in the Absense of Partnership (Part - 1)

1 / 9

Under the Indian Partnership Act, 1932, what is the interest rate on loans given by partners to the firm?

2 / 9

What is required for admitting a new partner into the firm in the absence of a partnership deed?

3 / 9

What is the provision regarding interest on drawings in the absence of a partnership deed?

4 / 9

If a partnership deed is silent, what happens to interest on partners’ capital?

5 / 9

What happens to profit sharing if the capital contributions of partners are unequal but there is no partnership deed?

6 / 9

Which of the following is true about remuneration to partners under the Indian Partnership Act, 1932?

7 / 9

What is the default profit-sharing ratio among partners in the absence of a partnership deed?

8 / 9

Which statement about interest on capital aligns with the Indian Partnership Act, 1932, in the absence of a partnership deed?

9 / 9

What determines the rights of partners when there is no partnership deed or when it is silent on certain provisions?

Your score is

The average score is 0%

0%

Leave a Reply