Business Law MCQ on Registration of a Firm: Check the below Business Law MCQ on Registration of a Firm with Answers Pdf free download. Business Law MCQ on Registration of a Firm Questions for Business Law with Answers were prepared based on the latest exam pattern. We have provided Business Law MCQ on Registration of a Firm with Answers to help students understand the concept very well.

Business Law MCQ on Registration of a Firm

1. Non-registration of the firm does not affect the right of the firm to institute a suit or claim of set-off not exceeding ________.
(a) ₹ 100
(b) ₹ 1,000
(c) ₹ 10,000
(d) ₹ 50,000

2. If an unregistered firm intends to file a suit against a third party, it should get itself registered before filing the suit.
(a) False, as such disability can never be removed
(b) True, as after registration firm’s disability to file such suit is removed
(c) It should take permission of the court before filing the suit
(d) Either (b) or (c)

3. Registration of the firm under the Partnership Act is:
(a) Optional
(b) Obligatory
(c) Compulsory
(d) Necessary

4. In case of an unregistered firm the partners can file a suit for the :
(a) Dissolution of the firm
(b) Accounts of dissolved firm
(c) Realization of property of dissolved firm
(d) All the above

5. The Partnership Act by section 69 indirectly renders the registration firm compulsory by providing:
(a) Certain disabilities
(b) Penalties on partners of unregistered firms
(c) Penalties on unregistered firms
(d) Monetary fine on partners

6. Any person who supplies false information to the Registrar of firms, shall be liable to punishment with imprisonment upto ________.
(a) Three months
(b) Six months
(c) Nine months
(d) Twelve months

7. A firm name shall not contain any of the following words :
(a) Crown, Imperial
(b) Emperor, Empress
(c) King, Queen
(d) All the above

8. After the registration of a firm, if a partner retires, such a change in the constitution of the firm requires :
(a) A notice to be sent to the Registrar
(b) New registration
(c) An affidavit of a managing partner about the change
(d) No intimation

9. Registration of firm is effective from ________.
(a) The date when the Registrar files the statement and makes entries in the Register of firms
(b) The date of presentation of the statement to the Registrar of firms
(c) The date published in the Official Gazette
(d) The date intimated to the partners

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By Team Learning Mantras