___________ is governed by the Indian Partnership Act.

(a)

Partnership Firm

(b)

Sole trader ship

(c)

Joint Hindu Family

(d)

None of these

A Partnership firm may be registered under Act ----------

(a)

1949 Act

(b)

1956 Act

(c)

1932 Act

(d)

1890 Act

In Partnership there exists relationship of __________.

(a)

principal and agent

(b)

owner and servant

(c)

employer and employee

(d)

first and second

The Profit and loss of partnership firm is shared in the _______ among the partners.

(a)

agree ratio

(b)

equal ratio

(c)

capital ratio

(d)

none of these

The Maximum number of members in the non-banking firm is __________

(a)

10

(b)

15

(c)

20

(d)

25