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The Maximum Number of Partners for a Firm Carrying on Banking Business is .............. . (A) Ten (B) Twenty (C) Seven - Organisation of Commerce and Management

Question

The maximum number of partners for a firm carrying on banking business is .............. .

Options
  • ten

  • twenty

  • seven

Solution

The maximum number of partners for a firm carrying on banking business is ten.
Explanation:
The maximum number of partners in a banking business is 10. For other businesses, the maximum number of partners is 20.

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 Micheal Vaz Solution for Micheal Vaz Class 12 Organisation of Commerce and Management (2019 (Latest))
Chapter 1: Forms of Business Organisations
Select the proper option | Q: 10 | Page no. 36
 2017-2018 (March) (with solutions)
Question 1.1.1 | 1.00 mark
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The Maximum Number of Partners for a Firm Carrying on Banking Business is .............. . (A) Ten (B) Twenty (C) Seven Concept: Choice of Form of Business Organization.
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