Multiple choice

The number of partners in a firm carrying a banking business should not exceed

  1. 20 persons

  2. 15 persons

  3. 10 persons

  4. 30 persons

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Option (3) is correct: According to the Partnership Act, 1932, in a banking business, the number of partners should not exceed 10 persons.