[Solved] Which one of the following is not a feature of Limited Liability Partnership firm? [IAS 2010]

Q.	Which one of the following is not a feature of Limited Liability Partnership firm? [IAS 2010]
A.	Partners should be less than 20
B.	Partnership and management need not be separate
C.	Internal governance may be decided by mutual agreement among partners
D.	It is a corporate body with perpetual succession
Answer» A. Partners should be less than 20

2.3k

Do you find this helpful?

View all MCQs in

Indian Economy

Discussion

No comments yet

Related MCQs

Which one of the following is not related to United Nations? [IAS 2010]
In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years? [IAS 2010]
In the context of Indian economy, consider the following pairs: Term Most appropriate description 1. Melt down Fall in stock prices 2. Recession Fall in growth rate 3. Slow down Fall in GDP Which of the pairs given above is/are correctly matched? [IAS 2010]
Which of the following is/are treated as artificial currency? [IAS 2010]
Consider the following statements: In India, taxes on transactions in Stock Exchanges and Futures Markets are 1. levied by the Union 2. collected by the States Which of the statements given above is/are correct? [IAS 2010]
With reference to Indian economy, consider the following statements: 1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years. 2. The percentage share of Public Sector in GDP has declined in the last 10 years. Which of the statements given above is/are correct? [IAS 2010]
Consider the following countries: 1. Brazil 2. Mexico 3. South Africa According to UNCTAD, which of the above is/are categorized as "Emerging Economies"? [IAS 2010]
With reference to BRIC countries, consider the following statements: 1. At present, China's GDP is more than the combined GDP of all the three other countries. 2. China's population is more than the combined population of any two other countries. Which of the statements given above is/are correct? [IAS 2010]
In India, which of the following is regulated by the Forward Markets Commission? [IAS 2010]
Consider the following statements: 1. life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United India Insurance Company limited are located at Chennai. Which of the statements given above are correct? [lAS2006)