Following are practice questions for ICSE 9th Class – Commercial Applications. The questions are given from the chapter – Partnership. Students can practice these questions for scoring good marks in the ICSE examinations.
Also Read: ICSE 9th Class Physics – Practice Test
- What is the meaning of partnership?
- What are the important features of partnership?
- Write about types of partners.
- Partnership is suitable for all small and medium sized organisations – Justify.
- A minor can not be a partner – Justify.
- What are the merits and demerits of partnership?
- Distinguish between partnership at will and particular partnership.
- What are the steps of registration of partnership firm?
- What do you understand about implied agency in partnership?
- Explain the circumstances in which partnership is suitable.
- Partnership is the relation between persons who have agreed share the profits of a business. – Justify.
- What are the advantages of registering a partnership firm?
Tips to answer questions:
Answers must be to the point. Answers have to be precise and as per the prescribed marks scheme. 1 mark questions need at least one point. 2 marks question need two points, preferably.