MCQ on Indian Partnership Act with answers

In this article, we are providing you MCQ on Indian Partnership Act which will help you to understand Indian Partnership Act,1932.

MCQ on Indian Partnership Act 1932

1) When did the Indian Partnership Act come into force?

A) 01 April 1934
B) 01 March 1933
C) 01 May 1919
D) 01 october 1932

Answer –D) 01 October 1932

2) Which section of the Indian Partnership Act, 1932 deals with the Duty to indemnify for loss caused by fraud?

A. Section 12 of the Indian Partnership Act, 1932
B. Section 10 of the Indian Partnership Act, 1932
C. Section 14 of the Indian Partnership Act, 1932
D. Section 20 of the Indian Partnership Act, 1932

Answer B. Section 10 of the Indian Partnership Act, 1932

1. Which section of the Indian Partnership Act, 1932 deals with Personal profits named by partners_?

A. Section 16 of the Indian Partnership Act, 1932
B. Section 24 of the Indian Partnership Act, 1932
C. Section 13 of the Indian Partnership Act, 1932
D. Section 18 of the Indian Partnership Act, 1932

Answer – A. Section 16 of the Indian Partnership Act, 1932

1. Section 35 of the Indian Partnership Act, 1932 deals with_______?

A. Liability of the estate of a deceased partner
B. Liability of the firm for misapplication by partners
C.Expulsion of a partner.
D. Compulsory dissolution

Ans-A. Liability of the estate of a deceased partner

1. Dissolution on the happening of certain contingencies, is provided in section____ of the Indian Partnership Act, 1932.

A. Section 41 of the Indian Partnership Act, 1932
B. Section 11 of the Indian Partnership Act, 1932
C. Section 42 of the Indian Partnership Act, 1932
D. Section 21 of the Indian Partnership Act, 1932

Ans- C. Section 42 of the Indian Partnership Act, 1932

1. Section 25 of the Indian Partnership Act, 1932 provides _?

A..liability of a partner for acts of the firm
B. Holding out..
C.Expulsion of a partner.
D. Dissolution of a firm

Ans- A..liability of a partner for acts of the firm

MCQ on the Indian Partnership Act, 1932 with answers pdf

1. Which section of the Indian Partnership Act, 1932 deals with Right to restrain from use of firm-name or firm-property?

A. Section 72 of the Indian Partnership Act, 1932
B. Section 57 of the Indian Partnership Act, 1932
C. Section 53 of the Indian Partnership Act, 1932
D. Section 59 of the Indian Partnership Act, 1932

Answer – C. Section 53 of the Indian Partnership Act, 1932

1. Section 40 of the Indian Partnership Act, 1932 deals with_______?

A. Dissolution by agreement
B.Dissolution by the Court
C. Introduction of a partner
D. Insolvency of a partner

Ans-A. Dissolution by agreement

9) Which section of the Indian Partnership Act, 1932 deals with the Right of outgoing partners to carry on competing business. ?

A. Section 22 of the Indian Partnership Act, 1932
B. Section 36 of the Indian Partnership Act, 1932
C. Section 43 of the Indian Partnership Act, 1932
D. Section 45 of the Indian Partnership Act, 1932

Answer B. Section 36 of the Indian Partnership Act, 1932

10) Section 10 of the Indian Partnership Act, 1932 deals with_______?

A.Application of the property of the firm.
B.Partner to be an agent of the firm
C.Duty to indemnify for loss caused by fraud.
D. The property of the firm

Answer- C.Duty to indemnify for loss caused by fraud.