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Maharashtra State BoardHSC Commerce (English Medium) 12th Standard Board Exam
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Syllabus

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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Question

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.

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Comparison of Different Forms of Business Organization
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Q 10
Chapter 1: Forms of Business Organisations - Select the proper option [Page 36]

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Micheal Vaz Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
Chapter 1 Forms of Business Organisations
Select the proper option | Q 10 | Page 36
2017-2018 (March) (with solutions)
Q 1.A.1 | 1 mark
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