McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .
Chapters
| 1. |
. A person entered into partnership is known as ………… |
| A. | partner |
| B. | people |
| C. | karta |
| D. | none of the above |
| Answer» A. partner | |
| 2. |
Collective group of persons is known as…….. |
| A. | firm |
| B. | society |
| C. | person’ |
| D. | none of the above |
| Answer» A. firm | |
| 3. |
…………..cannot become a partner. |
| A. | minor |
| B. | partner |
| C. | firm |
| D. | society |
| Answer» A. minor | |
| 4. |
The payment is authorized by, and is in accordance with the term of partnership deed according to sec…………. |
| A. | sec. 40(b)(ii) |
| B. | sec. 40(b)(iii) |
| C. | sec. 50(b)(ii) |
| D. | none of the above |
| Answer» A. sec. 40(b)(ii) | |
| 5. |
…………..is an obligation annexed to the ownership of property. |
| A. | trust |
| B. | firm |
| C. | company |
| D. | karta |
| Answer» A. trust | |
| 6. |
The person who accepts the confidence is called …………. |
| A. | trustee |
| B. | karta |
| C. | firm |
| D. | aop |
| Answer» A. trustee | |
| 7. |
The subject matter of the trust is called ……………. |
| A. | trust property |
| B. | own property |
| C. | own furniture |
| D. | none of the above |
| Answer» A. trust property | |
| 8. |
The trust should be one established in accordance with law and its objects should fall within the definition of the term …………. |
| A. | charitable purposes |
| B. | work purpose |
| C. | assessment purposes |
| D. | to earn profit purpose |
| Answer» A. charitable purposes | |
| 9. |
Joint Commissioners are appointed by………… |
| A. | central government |
| B. | state government |
| C. | district government |
| D. | gram panchayat |
| Answer» A. central government | |
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