Below Partnership quiz are Multiple Choice Questions (MCQs) type Quiz. These Partnership MCQ Questions helps you to refresh your Partnership, you can see the correct option by clicking on it. .
1. What is the partnership written agreement known as?
Partnership Contract
Partnership Act
Agreement
Partnership Deed
2. What type of agreement is used to form a partnership business?
Written agreement
Oral Agreement
Written or Oral Agreement
No Agreement required
3. In partnership, partners liabilities are
Limited
Unlimited
Limited to the capital invested
Limited to the amount mentioned
4. Which one of the following items cannot be recorded in the profit and loss appropriation account?
Interest on capital
Interest on drawings
Rent paid to partners
Partner’s salary
5. P and Q started a business by investing Rs 156000 and Rs 117000 respectively and their time period of investment is same. If P’s share in the profit earned by them is Rs12000, then what is the total profit (in Rs) earned by both of them together?
25000
17000
21000
18000
6. P and Q started a business by investing Rs 156000 and Rs 117000 respectively and their time period of investment is same. If P’s share in the profit earned by them is Rs12000, then what is the total profit (in Rs) earned by both of them together?
25000
17000
21000
18000
7. X and Y started a business investing Rs 12000 and Rs 9000 respectively. After 4 months, X left the business and Z joined the business by investing Rs. 18000. At the end of the year, there was a profit of Rs 12500. What is the share (in Rs) of Z in the profit?
6000
4500
7200
7500
8. Profit of Rs 1,03,500 has to be divided between three partners A, B and C in the ratio 11:7:5. How much amount (in Rs) does B get?
22,500
49,500
50,500
31,500
9. S, T and U started a business by investing Rs 4200, Rs 6300 and Rs 8400 respectively. S left the business after 3 months, T left 6 months after the business had started and U remained in the business till one year. At the end of one year the total profit is Rs 6000. What is the U’s share (in Rs) in the profit?
4200
3200
4000
3600
10. A's share is 2 times that of B whose share is 3 times that of Rs.1800/- is to be given to them in that in that ratio. B's share is
Rs.1080
Rs.540
Rs.180
Rs.900
11. A's share is 2 times that of B whose share is 3 times that of Rs.1800/- is to be given to them in that in that ratio. B's share is
Rs.1080
Rs.540
Rs.180
Rs.900
12. A,B and C together start a business. Three times the investment of A equals four times the Investment of B and the Capital of B is twice that of C. The ratio of share of each in the profit.
8:3:6
3:8:6
3:6:8
8:6:3
13. A,B and C together start a business. Three times the investment of A equals four times the Investment of B and the Capital of B is twice that of C. The ratio of share of each in the profit.
8:3:6
3:8:6
3:6:8
8:6:3
14. The central Government granted a certain sum towards flood relief to 3 states A, B and C in the ratio 2 : 3 : 4. If C gets Rs. 400 Crores more than A, what is the share of B?
Rs. 400 crore
Rs. 200 crore
Rs. 600 crore
Rs. 300 crore
15. A and B start an enterprise together, with A as active partner. A invests Rs 4000 and Rs 2000 more after 8 months. B invests Rs 5000 and withdraws Rs 2000 after 9 months. Being the active partner, A takes Rs 100 per month as allowance, from the profit. What is the share of B if the profit for the year is Rs 6700?
Rs 3350
Rs 3250
Rs 2700
Rs 2800
16. A and B start an enterprise together, with A as active partner. A invests Rs 4000 and Rs 2000 more after 8 months. B invests Rs 5000 and withdraws Rs 2000 after 9 months. Being the active partner, A takes Rs 100 per month as allowance, from the profit. What is the share of B if the profit for the year is Rs 6700?
Rs 3350
Rs 3250
Rs 2700
Rs 2800
17. Ravinder invests ₹ 3,750 which is equal to 15% of his monthly salary in a medical insurance policy. Later he invests 25% and 8% of his monthly salary on a child education policy, and mutual funds, respectively. The total amount left with him is
15,000
8,000
12,000
13,000
18. Rithika had Rs 8000. She invested some of it in savings scheme P and the rest of the money in savings scheme Q. She invested for 3 years in savings scheme P and for 2 years in savings scheme Q. savings scheme P offers SI at a rate of 20% pa while savings scheme Q compounded annually at the rate of 30% pa. The interest received from savings scheme P is 930 more than the interest received from savings scheme Q. If Rs 1500 is debited from the invested amount of savings scheme P then find the difference between the amount invested by Rithika in savings scheme P & savings scheme Q.
Rs 200
Rs 300
Rs 400
Rs 500
19. A starts a cement trading business by investing Rs 5 lakhs. After 2 months, B joins the business by investing Rs 10 lakhs and then 4 months after B joined C too joins them by investing Rs 20 lakhs. 1 year after A started the business they make Rs 3,50,000 in profit. What is B's share of the profit (in Rs)?
75000
1,25,000
1,50,000
1,00,000
20. A, B and C invest in a business in the ratio 4 : 5 : 7. C is a sleeping partner, so his share of profits will be half of what it would have been if he were a working partner. If they make Rs 36,000 profit of which 25% is reinvested in the business, how much does B get (in Rs)?
7560
10800
8640
9200
21. A, B and C invest in a business in the ratio 4 : 5 : 7. C is a sleeping partner, so his share of profits will be half of what it would have been if he were a working partner. If they make Rs 36,000 profit of which 25% is reinvested in the business, how much does B get (in Rs)?
7560
10800
8640
9200
22. Sunil and Gopal are partners in a business. Sunil invests Rs.20,000 for 9 months and Gopal invests Rs. 30,000 for 12 months. Find the share of Sunil from the total profit of Rs. 60,000.
Rs.15000
Rs.18000
Rs.25000
Rs.20000
23. Sunil and Gopal are partners in a business. Sunil invests Rs.20,000 for 9 months and Gopal invests Rs. 30,000 for 12 months. Find the share of Sunil from the total profit of Rs. 60,000.
Rs.15000
Rs.18000
Rs.25000
Rs.20000
24. Two partners M and N buy a car. M pays his share of 3/7th of the total cost of the car. M pays Rs. 31,540 less than N. What is the cost of the car?
Rs. 2,32,680
Rs. 2,03,175
Rs. 2,20,780
Rs. 1,85,780
25. An amount of ₹504 is to be divided among three persons A, B, and C in the ratio of 7 : 8 : 9, respectively. How much amount will B and C receive in total?
₹268
₹419
₹317
₹357
26. Mohit and Anshu invested some money in a business in the ratio 8 : 15 respectively. After 9 months Mohit withdraws his capital. If they receive profits in the ratio 4 : 5, then for how many months did Anshu invest in the business?
4
5
8
6
27. Dividing the amount ₹18,144 among three people A, B, C in the ratio 3 : 5 : 8, the amount B gets more than A, is:
₹2,268
₹2,386
₹2,178
₹2,464
28. A's income is Rs 140 more than B's income and C's income is Rs 80 more than D's. If the ratio of A's and C's income is 2:3 and the ratio of B's and D's income is 1:2, then the incomes of A, B, C and D are respectively
Rs 260, Rs 120, Rs 320 and Rs 240
Rs 300, Rs 160, Rs 600 and Rs 520
Rs 400, Rs 260, Rs 600 and Rs 520
Rs 320, Rs 180, Rs 480 and Rs 360
29. If a sum of Rs. 1,180 is to be divided among A, B and C, such that 2 times A’s share, 5 times B’s share and 7 times C’s share, are equal, then A’s share is:
Rs. 500
Rs. 750
Rs. 650
Rs. 700
30. Two businessmen A and B invest in a business in the ratio 5 : 8. They decided to reinvest 30% of the profit they earned back into the business. The remaining profit they distributed amongst themselves. If A's share of the profit was Rs 87,500 then how much profit (in Rs) did the business make?
227000
250000
375000
325000
31. A sum of Rs 15525 is divided among Sunil, Anil and Jamil such that if Rs 22, Rs 35 and Rs 48 be diminished from their shares respectively, their remaining sums shall be in the ratio 7:10:13. What would have been the ratio of their sums if Rs 16, Rs 77 and Rs 37 respectively were added to their original shares?
9:13:17
18:26:35
36:52:67
None of these
32. A sum of Rs 15525 is divided among Sunil, Anil and Jamil such that if Rs 22, Rs 35 and Rs 48 be diminished from their shares respectively, their remaining sums shall be in the ratio 7:10:13. What would have been the ratio of their sums if Rs 16, Rs 77 and Rs 37 respectively were added to their original shares?
9:13:17
18:26:35
36:52:67
None of these
33. A, B and C enter into a partnership, investing Rs. 6000. A invests Rs. 1000 and B and C invests in the ratio of 2:3. Find the profit of C, when the annual profit is Rs. 2400
Rs.600
Rs.1200
Rs.1800
Rs.1950
34. A, B and C enter into a partnership, investing Rs. 6000. A invests Rs. 1000 and B and C invests in the ratio of 2:3. Find the profit of C, when the annual profit is Rs. 2400
Rs.600
Rs.1200
Rs.1800
Rs.1950
35. A sum of Rs 2489 is divided among A, B and C such that if Rs 12, Rs 12 and Rs 5 be diminish from the shares of A, B and C respectively, then theirshares will be in the ratio of 5 : 3 : 4. What is the new share (in Rs) of C?
750
1060
1475
820
36. A, B and C invest in a business in the ratio 3 : 6 : 5. A and C are working partners. Only B is a sleeping partner hence his share will be 3/4th of what it would have been if he were a working partner. If they make Rs 50,000 profit, half of which is reinvested in the business and the other half is distributed between the partners, then how much does C get (in Rs)?
20000
6000
10000
9000
37. A, B and C invest in a business in the ratio 3 : 6 : 5. A and C are working partners. Only B is a sleeping partner hence his share will be 3/4th of what it would have been if he were a working partner. If they make Rs 50,000 profit, half of which is reinvested in the business and the other half is distributed between the partners, then how much does C get (in Rs)?
20000
6000
10000
9000
38. A sum of ₹1,260 is distributed between Ravi and Mohan. If the shares of Ravi and Mohan are in ratio 5 : 4, then the shares of Ravi and Mohan are respectively:
pectively:
₹800 and ₹460
₹700 and ₹560
₹700 and ₹560
39. C and D started a business by investing Rs 4000 and Rs 5000 respectively. After 3 months, C withdraws Rs 1000 while D invest Rs 1000 more after 6 months of the starting of business. At the end of the year C’s share is Rs 3900. What will be the total profit (in Rs) at the end of year?
7800
10500
8400
12200
40. Rs. 490 is divided among A, B and C such that A's share is half that of B's and thrice that of C's. What is C's share?
Rs.49
Rs.147
Rs.294
Rs.245
41. 3 brothers divided Rs. 1620 among them in such a way that the share of second is equal to 5/13 of share of other two, combined. What is the share of the second one?
Rs. 1170
Rs. 450
Rs. 540
Rs. 500
42. Mohan invested Rs. 100000 in a garment business. After few months, Sohan joined him with Rs. 40000. At the end of the year, the total profit was divided between them in ratio 3 : 1. After how many months did Sohan join the business?
3
2
4
5
43. Tapan, Ravi and Trisha shared a cake. Tapan had 1/4 of it, Trisha had 2/3 of it and Ravi had the rest. What was Ravi's share of the cake?
4/7
1/12
1/6
2/6
44. Profit of Rs 135200 has to be divided among three partners Aashay, Bhairav and Chetan in the ratio 4:3:6. How much Rs. does Chetan get?
31200
41600
62400
93600
45. Rs 3200 is divided among A, B and C in the ratio of 3 : 5 : 8 respectively. What is the difference (in Rs) between the share of B and C?
400
600
800
900
46. P and Q invested some money in a business in the ratio of 4 : 7 respectively. After 6 months P withdraws his capital. If they receive profits in the ratio of 4 :21, then for how many months did Q invest in the business?
12
15
18
21
47. A man has 3 sons, 2 daughters and a wife. They divided a sum of Rs 19000 among themselves such that each daughter got 1.5 times the amount received by each son and his wife received 600 less than each son. What is the total amount (in Rs) received by the 3 sons together?
2800
3600
5600
8400
48. A man has 3 sons, 2 daughters and a wife. They divided a sum of Rs 19000 among themselves such that each daughter got 1.5 times the amount received by each son and his wife received 600 less than each son. What is the total amount (in Rs) received by the 3 sons together?
2800
3600
5600
8400
49. A starts a taxi service by investing Rs 25 lakhs. After 3 months, B joins the business by investing Rs 40 lakhs then 4 months after B joined, C too joins them by investing Rs 50 lakhs. One year after A started the business they make Rs 2,73,000 in profit. What is C's share of the profit (in Rs)?
100000
1,25,000
75000
1,50,000
50. A starts a taxi service by investing Rs 25 lakhs. After 3 months, B joins the business by investing Rs 40 lakhs then 4 months after B joined, C too joins them by investing Rs 50 lakhs. One year after A started the business they make Rs 2,73,000 in profit. What is C's share of the profit (in Rs)?
100000
1,25,000
75000
1,50,000
51. X starts a business with Rs 80000. After 6 months Y joins X with Rs 100000. After 2 years, what will be the ratio of profit of X and Y?
16 : 15
4 : 5
8 : 9
14 : 15
52. X starts a business with Rs 80000. After 6 months Y joins X with Rs 100000. After 2 years, what will be the ratio of profit of X and Y?
16 : 15
4 : 5
8 : 9
14 : 15
53. Umar and Avinash started a partnership with investments of Rs. 10000 and Rs. 15000, respectively. But due to a financial emergency the latter had to withdraw his investment after 8 months. In what ratio should the profit of the first twelve months be shared among the duo?
3:2
2:3
1:2
1:1
54. P starts a business with Rs 14000. After 8 months Q joins P with Rs 8000. After 3 years, what will be the ratio of the profit of P and Q?
12 : 5
9 : 4
14 : 9
15 : 8
55. Aman, Kamal and Ratan start a business. The ratio of their investments is 12 : 4 : 3. If at the end the ratio of their profits is 3 : 16 : 9, then what is the ratio of time period of their investment?
9 : 64 : 81
4 : 36 : 9
1 : 16 : 12
3 : 64 : 9
56. Rs 60500 is divided among A, B and C such that A receives 2/9 as much as B and C together and B receives 3/7 of as much as A and C together. What is the share of C (in Rs)?
29850
30120
31350
37250
57. P started a business by the investing Rs 35000 and Q joined him after one year with an amount of Rs 21000. After two years from the starting of the business, they earned profit of Rs 26000. What will be the P’s share (in Rs) in the profit?
15000
18000
20000
16000
58. A, B and C invested amounts in the ratio 3 : 4 : 5 respectively. If the schemes offered compound interest at the rate of 20% per annum, 15% per annum and 10% per annum respectively, then what will be the ratio of their amounts after 1 year?
3 : 15 : 25
6 : 6 : 5
36 : 46 : 55
12 : 23 : 11
59. P and Q started a business by investing Rs 50000 and Rs 40000 respectively. After 4 months, P withdraws Rs 20000 while Q invest Rs 70000 more after 6 months of starting the business. At the end of the year P’s share in the profit is Rs 11000. What will be the total profit (in Rs) at the end of year?
33500
27600
42800
38800
60. Kishlay travelled equal distances at speeds of 10 kmph, 30kmph and 2 kmph and took a total time of 38 min. Find the total distance in kms.