Knowledge Booster: Indian Partnership Act Edition (18 Feb 2026)
Welcome to today's Indian Partnership Act Knowledge Booster! We've handpicked 10 essential questions from our database to help you sharpen your skills. Dive in and test your knowledge!
Q1. Partnership Act में “Holding Out” का अर्थ क्या है? What is the meaning of “Holding Out” in the Partnership Act?
- A) Active partner
- B) Profit sharing
- C) Partnership दिखावा करना
- D) Minor partner
Correct Answer: Partnership दिखावा करना
Explanation: इच्छा अनुसार partnership दिखाना।
Q2. Partnership में “Active Partner” किसे कहते हैं? Who is called “Active Partner” in Partnership?
- A) Government approved partner
- B) Passive investor
- C) Court appointed partner
- D) जो काम में actively लगे हो
Correct Answer: जो काम में actively लगे हो
Explanation: Active participation वाले।
Q3. Partnership firm का registration अनिवार्य है या नहीं? Is registration of a partnership firm mandatory or not?
- A) हां
- B) नहीं
- C) केवल Court में
- D) केवल Govt Office
Correct Answer: नहीं
Explanation: Registration optional, लेकिन legal rights के लिए जरूरी।
Q4. Partnership में Joint Liability का मतलब क्या है? What is the meaning of Joint Liability in Partnership?
- A) No liability
- B) One partner liable
- C) Only firm liable
- D) सभी partners individually liable
Correct Answer: सभी partners individually liable
Explanation: Partners collectively liable होते हैं।
Q5. Indian Partnership Act भारत में किस वर्ष लागू हुआ? In which year did the Indian Partnership Act come into force in India?
- A) 1920
- B) 1932
- C) 1940
- D) 1950
Correct Answer: 1932
Explanation: Indian Partnership Act, 1932।
Q6. Partnership में कितने partner अधिकतम हो सकते हैं (Business) (Private) What is the maximum number of partners a Partnership can have (Business) (Private)
- A) 10
- B) 20
- C) 50
- D) 100
Correct Answer: 10
Explanation: Private firm max 10 partners।
Q7. Partnership Act में Arbitration का प्रावधान है या नहीं? Is there a provision for Arbitration in the Partnership Act or not?
- A) हाँ
- B) नहीं
- C) केवल courts
- D) केवल govt approval
Correct Answer: हाँ
Explanation: Dispute resolution clause में arbitration include हो सकता है।
Q8. Partnership में dissolution के कारण कितने प्रकार हो सकते हैं? How many types of reasons can there be for dissolution in a partnership?
- A) 3
- B) 5
- C) 7
- D) 10
Correct Answer: 5
Explanation: Mutual consent, Expiry, Court order, Insolvency, Illegality।
Q9. Section 68 Partnership Act किससे संबंधित है? What does Section 68 Partnership Act relate to?
- A) Firm Registration
- B) Dissolution
- C) Effect of registration
- D) Accounts
Correct Answer: Effect of registration
Explanation: Non-registered firm के लिए legal effect।
Q10. Partnership में कितने partner न्यूनतम हो सकते हैं? What is the minimum number of partners a partnership can have?
- A) 1
- B) 2
- C) 3
- D) 4
Correct Answer: 2
Explanation: 2 partners से अधिक।
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