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Indian Partnership Act 1932 Multiple Choice Questions. 1. Under Section 2B. of the Indian Partnership Act, 'business' Includes A. every trade and occupation What is Partnership ? (i) It must be a result of an agreement between two or more persons. (ii) The agreement must be to share the profits of the business. Multiple Choice Question (MCQ'S). 1. Can a company become a partner in a firm? (a) Yes, as the company is regarded as person in legal sense of the term. Partnership Act 1932 MCQs · The partnership is an association between two or more persons and all persons must be competent to contract. · There can be no Q.1:- An act of a firm means: Any partner or agent of the firm which gives rise to a right enforceable by or against the firm; Any act by all the partners Get Indian Partnership Act, 1932 Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. Download these Free Indian Partnership Act, The Test: The Indian Partnership Act, 1932 MCQs are made for CA Foundation 2022 Law for CA CPT for CA Foundation Exam | Download free PDF with solutions Partnership MCQs · 1. To start a partnership business, what should be the minimum number of partners? · 2. What type of agreement is used to form a partnershipMCQs On Indian Partnership Act, 1932 · 1. Where a partnership firm is constituted a fixed period and after the expiration of that term the firm continues to