On which of the following grounds, a partner may apply to the court for dissolution of the firm?
Anonymous Quiz
5%
Insanity of a partner
7%
Misconduct of a partner
5%
Perpetual losses in business
83%
All of the above
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Which of the following do not constitute grounds for dissolution by the Court?
Anonymous Quiz
12%
Insanity of the partner
25%
Business carried on at a loss
17%
Wilful misconduct of a partner
46%
Expulsion of a partner
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Dissolution of a partnership between all the partners of a firm is called-
Anonymous Quiz
42%
Dissolution of partnership
11%
Dissolution of partners
43%
Dissolution of the firm
4%
Reconstitution of firm
A partnership firm has to be registered with:
Anonymous Quiz
4%
Director of firms
67%
Registrar of firms
26%
Registrar of companies
3%
Competent Court
In settling the account after dissolution, the firm’s assets shall be first applied in
Anonymous Quiz
51%
Losses including deficiencies of capital.
27%
Payment of partner’s loan.
5%
Payment of partner’s goodwill share.
17%
Distribution to partners in their profit-sharing ratio.
X, Y and Z are partners in a firm. Due to differences among the partners, there is a deadlock in the management. X applies to the court for the dissolution of the firm. Will he succeed?
Anonymous Quiz
47%
Yes, on just and equitable grounds
14%
No, because it is not a valid ground for dissolution
25%
No, it will require the consent of all the partners
15%
Yes if the Registrar of Firm agrees.
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If DELHI is coded as EFMIJ, then JAIPUR is coded as
Anonymous Quiz
5%
JQVSBK
6%
QVSKBJ
4%
BJQVSK
85%
KBJQVS
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If there are 48 marbles marked with numbers 1 to 48, then the probability of selecting a marble having the number divisible by 4 is
Anonymous Quiz
9%
1/2
13%
2/3
10%
1/3
67%
1/4