๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

  • google app store apple app store
  • โœ–

      Question

      The maximum number of partners allowed in a partnership

      firm carrying on banking business is:
      A 10 Correct Answer Incorrect Answer
      B 20 Correct Answer Incorrect Answer
      C 50 Correct Answer Incorrect Answer
      D 100 Correct Answer Incorrect Answer
      E No limit Correct Answer Incorrect Answer

      Solution

      Historically, the limit for a banking partnership was 10 partners. (Note: Current company laws have revised general partnership limits to 50/100, but the 10-partner rule is the classic specific limit for banking business) .

      Practice Next
      ask-question