Select the proper option from the options given below and rewrite the completed sentences.
The maximum number of partners for a firm carrying on banking business is ________
(a) Ten
(b) Twenty
(c) Seven
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Solution
Correct option- a
The maximum number of partners for a firm carrying on banking business is ten. Explanation:
The maximum number of partners in a banking business is 10. For other businesses, the maximum number of partners is 20.