Basics of Partnerships Test - 1

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Multiple Choice

According to the Partnership Act 1932, what is the maximum limit of partners?

  1. It is 10 in case of General Business.
  2. It is 20 in case of Banking Business.
  3. It is 10 in case of Banking and 20 in case of General Business.
  4. No Maximum Limit is Fixed by Partnership Act 1932.
  5. Maximum Number can be 50.
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