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Hindi Question Hindi Options English Question English Options Answers Marks Category Manage
Hindi Question Hindi Options English Question English Options Answers Marks Category Manage

Option1:
Option2:
Option3:
Option4:
______ is the main objective of joint life policy
Option1: To avert death / retirement of a partner
Option2: To meet expense on treatment of ailing partner
Option3: To provide fund for payment to the executor of deceased partner
Option4: To pay the amount due to the retiring partner
option3 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Dissolution of partnership between all the partners of the firm is called_________
Option1: Dissolution of the firm
Option2: Dissolution of partnership
Option3: Winding up of firm
Option4: Termination of firm
option1 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Under section 44 nof the partnership Act, which of these cannot be a ground for dissolution of a firm
Option1: Continued losses
Option2: Persistent breach of agreement
Option3: Just and Equitable
Option4: Insolvency of any partner
option4 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Application to court for dissolution of a firm can be made
Option1: Where the partnership is a t will
Option2: Where the partnership is not at will
Option3: Where is the partnership is for a fixed duration
Option4: In all cases
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Option1:
Option2:
Option3:
Option4:
Under the partnership Act on which of these grounds a partners of a firm may sue for dissolution of the firm
Option1: Insanity of a partner
Option2: Misconduct of a partner
Option3: In both the cases
Option4: Marriage of any partner
option3 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Which of the following will result in dissolution of firm
Option1: Retirement
Option2: Death
Option3: Explusion
Option4: Dissolution
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Option1:
Option2:
Option3:
Option4:
Application for dissolution of a firm on the ground of misconduct of a partner can be made by:
Option1: Any partner
Option2: Any partner other than who is guilty of misconduct
Option3: Police officer
Option4: CBI
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Option1:
Option2:
Option3:
Option4:
A partnership firm can be dissolved except by ________
Option1: By mutual consent
Option2: By agreement
Option3: By court notice
Option4: By public auction
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Option1:
Option2:
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Option4:
XY Associates a partnership firm is having two partners X and Y. in afatal road accident X lost his life. The firm now stands_______
Option1: Dissolved
Option2: In temporary suspension of business
Option3: Liquidated
Option4: Not affected at all
option1 4 ACCOUNTS Edit Delete

Option1:
Option2:
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Non- Registration of firm does not effect:
Option1: Right to sue for dissolution
Option2: Right to sue any partner
Option3: Right to claim for set off
Option4: All the three
option1 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Application for dissolution of a firm on the ground of permanent incapacity of a partner can be made by_________
Option1: Any partner
Option2: Any partner other than who is of permanent incapacity
Option3: Police officer
Option4: CBI
option2 4 ACCOUNTS Edit Delete

Option1:
Option2:
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Option4:
Does insolvency of a partners always result in dissolution of a firm?
Option1: Yes
Option2: Not at all
Option3: Not if partnership deed not so provide
Option4: Not if exemption sought from registar of firms
option3 4 ACCOUNTS Edit Delete

Option1:
Option2:
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In order to file a suit against a client for non- payment of dues an unregistered firm is required to first:
Option1: File or FIR with the local police
Option2: Get registered before filing the suit
Option3: File a suit before a lower cut
Option4: Write off the amount as the some cannot be recovered in any case
option2 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
State which statements is/ are true:
Option1: Dissolution of firm necessarily involves dissolution of partnership.
Option2: Dissolution partnership necessarily involve dissolution of the firm.
Option3: Both
Option4: None
option1 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Which of these cannot be cause of dissolution of a firm?
Option1: Ill health of partner
Option2: Insanity
Option3: Misconduct
Option4: Transfer of interest
option1 4 ACCOUNTS Edit Delete

Option1:
Option2:
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Option4:
If no public notice is given then
Option1: Minor will be demand to have become a full fledged partner
Option2: Liability of partner continues in case of expulsion, retirement or dissolution of the firm
Option3: Both
Option4: None
option3 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Which of the statement is not correct one?
Option1: A joint Hindu family is not
Option2: As per Income tax Act, Joint Hindu family is distinct from its member and is assessed separately
Option3: Joint Hindu Family business arise by operation of law and not by contract
Option4: A joint Hindu Family is dissolved on death of a coparcener
option4 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Which of the following enactments insist for a registered agreement of partnership?
Option1: The Indian Partnership act
Option2: The Indian Contract Act 1872
Option3: The Indian Registeration Act 1908
Option4: None of these
option4 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
The court may not order dissolution of a firm on permanent incapacity of a ___________
Option1: dormant partner
Option2: Active Partner
Option3: Managing Partner
Option4: Senior Partner
option1 4 ACCOUNTS Edit Delete

Option1:
Option2:
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Option4:
Court may order dissolution of a firm on any other grounds which ____ just and equitable
Option1: It considers
Option2: are prescribed in the act as
Option3: The partners considers
Option4: the registrar of firms considers
option1 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
In which of these cases a partner give notice for dissolution of partnership?
Option1: If he has tacit support of at least 2/3rd support of the other partners
Option2: In case of particular partnership
Option3: In case of partnership at will
Option4: Not permitted under any circumstaces
option3 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
If no public notice of dissolution of a firm is given
Option1: All the partners continue to remain liable to third party
Option2: The firm is adjudged defaulter
Option3: The firm stand dissolved
Option4: Still the firm is not liable to third party
option1 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Which of the following duties can be varied by an agreement between the partners?
Option1: Duty to work without remuneration
Option2: Duty to contribute to losses
Option3: Duty to indemnify for losses caused due to wilful negligence
Option4: All the three
option4 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
A firm is not liable for the act of an insolvent partner __________
Option1: After the date of the order of adjudication
Option2: All acts done before the order of his adjudiction
Option3: If due notice thereof is given
Option4: if so ordered by the court
option1 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Dissolution of partnership means:
Option1: Dissolution of firm necessarily involves dissolution of partnership.
Option2: Business of the firm Is continued
Option3: Partnership amongst all the partners comes to an end
Option4: None of these
option2 4 ACCOUNTS Edit Delete

Option1:
Option2:
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Option4:
When it is not registered a partnership firm is
Option1: deemed to be an illegal association and is disaalowed to carry on business
Option2: Allowed to carry on business subject to payment of penalty
Option3: Allowed to carry on business subject to certain disabilities
Option4: Allowed to carry o business only with the special permission of the registrar of firms
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Option1:
Option2:
Option3:
Option4:
In a partnership firm one partner is solvent and rest all partner becomes insolvent. What will be the effect on partnership firm?
Option1: Dissolution of firm
Option2: Dissolution of partnership
Option3: Firm will continue to exist
Option4: Both a & C
option1 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Gaurantee given to a partner 'A' by the other partner 'B' & 'C' eans
Option1: In case of loss 'A' will not contribute towards that loss
Option2: In case of insufficient profit 'A' will receive only the minimum guarantee amount
Option3: In case of loss or insufficient profit 'A' will receive the minimum gaurantee amount
Option4: All of the above
option3 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Distribution of loss in case of insolvency is to be charged _____________
Option1: From solvent partners first
Option2: From insolvent partner
Option3: In insolvency debts cannot be cleaned as one partner is insolvent
Option4: No solvent partner is responsible for the debts due for insolvent partner
option1 4 ACCOUNTS Edit Delete

Option1:
Option2:
Option3:
Option4:
Under _____ there have been made rules regarding the dissolution of firm.
Option1: Indian parternship Act, 1932
Option2: Indian partnership act section 45
Option3: Companies act section 48
Option4: Companies act session 45
option1 4 ACCOUNTS Edit Delete