Following is the practice test in Commercial Applications subject for 9th Class – ICSE students. The model / practice questions are related to the chapter – Partnership – Structure of an Organisation.
1)
i) How many members are required to form a partnership? (1M)
ii) Indian Partnership Act was enacted in which year? (1M)
2)
i) Define Partnership. (1m)
ii) Write any 4 features of partnership. (4 m)
3)
i) Write a note on Limited Liability Partnership. (2m)
ii) Write any two popular definitions of partnership. (2m)
4)
i) Write any three differences between Sole Proprietership and Partnership. (3 m)
ii) Write any three differences between Joint Hindu Famiy Firm and Partnership (3m)
5) What is Partnership deed? State its contents. (4 m)
6)
i) Sanjana has invested Rs.10000 in a partnership firm. The firm is managed and controlled by other partner, Madhuri. What type of partner Sanjana is? (1m)
ii) Rajesh invested Rs.7500 in a partnership firm. He participates in decision making and management of the firm. He is also liable for debts of the firm. What type of partner Rajesh is? (1m)
iii) Maheshwari is a reputed person in Hyderabad. She is partner in Hyundai Cars Private Limited. But she does not take profits or losses. She does not participate in decision making also. What type of partner Maheshwari is? (1m)
iv) Firms managed only by the Karta are called? (1m)