PGT (Commerce previous year questions) (HTET) (Part – I)Total Questions: 10061. Section 12(c) of the Indian Partnership Act provides for aA. rule of majorityB. rule of unanimityC. both A and BD. only A and not BCorrect Answer: B. rule of unanimity62. The rule of majority contained in section 12(c) of the Indian Partnership Act, 1932 is applicable inA. trivial mattersB. ordinary mattersC. fundamental mattersD. all the aboveCorrect Answer: B. ordinary matters63. The rule of unanimity contained in section 12(c) of the Indian Partnership Act, 1932 has a reference toA. fundamental mattersB. ordinary mattersC. trivial mattersD. all the aboveCorrect Answer: B. ordinary matters64. The rights and duties of a partner contained in section 12 of the Indian Partnership Act, 1932 areA. subject to the provision of the Indian Partnership Act, 1932B. subject to a contrary arrangement between the partnersC. subject to the provisions of the Indian Contract Act, 1872D. subject to the provisions of the Indian Trusts Act, 1882Correct Answer: A. subject to the provision of the Indian Partnership Act, 193265. An agreement to carry on business in partnership in the future creates a partnershipA. immediately on the agreementB. on the date mentioned in the agreement irrespective of whether the business has commenced or not on that dateC. only on the date when the business is actually commencedD. never creates a partnership and any such agreement is voidCorrect Answer: B. on the date mentioned in the agreement irrespective of whether the business has commenced or not on that date66. Whether a partnership exists or not is aA. question of factB. question of lawC. mixed question of fact and lawD. either A or CCorrect Answer: A. question of fact67. The maxim 'socii mei socius meu socius non est' meansA. my partner's partner is not necessarily my partnerB. my partner's partner is necessarily my partnerC. the partnership has become illegalD. the partnerships stands dissolved by the 'act of God'Correct Answer: A. my partner's partner is not necessarily my partner68. The minimum number of persons required for a partnership isA. twoB. fiveC. tenD. twentyCorrect Answer: A. two69. The maximum number of partners in a partnership, has been provided underA. the Indian Partnership Act, 1932B. the Indian Companies Act, 1956C. the Indian Contract Act, 1872D. the Indian Trusts Act, 1882Correct Answer: B. the Indian Companies Act, 195670. Under section 11 of the Indian Companies Act, 2013 for a non-banking business, the miximum number of partners for private companies can beA. tenB. twentyC. twenty-fiveD. two hundredCorrect Answer: D. two hundredSubmit Quiz« Previous12345678910Next »
