Liability of a minor partner is:
Unlimited
Limited
No liability
None of these
Liability of a sole proprietorship is:
Joint
No liability for debts.
The maximum number of partners allowed in the banking business is:
20
10
5
No limit
The capital of a company is divided into number of parts known as:
Dividend
Profit
Interest
Share
A partner who allows the use of his/her name by a firm, but does not contribute to its capital.
Active
Dormant
Nominal
Secret
The minimum paid up capital of a public company is:
5 lakhs
2 lakhs
1 lakh
10 lakhs
'Each for all and all for each' is the basic principle of:
Cooperative societies
Partnership
Company
Sole proprietorship
The maximum number of members in a public company is:
50
Who issues the 'Certificate of Registration' to a firm?
State Government
Central Government
Registrar of Firms
Registrar of Companies
A partnership organization is governed by the:
Indian Companies Act
Indian Partnership Act
Cooperative Societies Act
The Indian Contract Act