Maharashtra State BoardHSC Commerce 12th Board Exam
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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

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MCQ

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

Options

  • ten

  • twenty

  • seven

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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.

Concept: Choice of Form of Business Organization
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APPEARS IN

Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 1 Forms of Business Organisations
Select the proper option | Q 10 | Page 36

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