CA CPT - Mercantile Law - The Partnership Act, 1932

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Question - 1

The Partnership Act, 1932 has ............... Chapters

  • A Four
  • B Seven
  • C Eight
  • D Five

Question - 2

The Objective of the Partnership Act, 1932 is to define and amend the law relating to ......................

  • A Partnerships
  • B Joint Ventures
  • C Business Collaborations
  • D All of the above.

Question - 3

The Partnership Act, 1932 came into force on ....................

  • A 1st day of April 1932
  • B 1st day of October 1932
  • C 1st day of January 1932
  • D 31st day of December 1932

Question - 4

The Partnership Act, 1932 deals with-

  • A Business Collaborations
  • B Joint Ventures
  • C Partnerships between individuals
  • D Partnership in general

Question - 5

The Partnership Act extends to the whole of India except the state of -

  • A Gujarat
  • B Maharashtra
  • C Jammu & Kashmir
  • D Tamilnadu.

Question - 6

The Partnership Act extends to -

  • A the whole of India
  • B the State of Jammu and Kashmir
  • C the whole of India except the state of Jammu & Kashmir
  • D the entire world

Question - 7

Partnership arises by the way of ______________

  • A Statute
  • B Parties
  • C Contract
  • D Status

Question - 8

Partnership Deed is also called as -

  • A Partnership Document
  • B Articles of Partnership
  • C Both of these
  • D None of the above

Question - 9

Which of the following is essential of partnership deed?

  • A It should be made legally
  • B It should be enforceable
  • C It should be a written agreement between two or more persons
  • D It should be forbidden by law

Question - 10

The term "Act of a Firm", means ................... by all the Partners, or by any Partner or agent of the Firm, which gives rise to a right enforceable by or against the Firm.

  • A Act
  • B Omission
  • C both (a) and (b)
  • D either (a) or (b).