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Business Studies

Factors Determining Choice of Form of Organisation

The maximum n...

Question

The maximum number of partners allowed in the banking business are

(a) Twenty

(b) Ten

(c) No limit

(d) Two

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Solution

In the case of the banking business, the maximum number of partners allowed is 10. In other businesses, the maximum number of partners allowed is 20.

Hence, the correct answer is option (b).

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Similar questions

Q. The maximum number of partners allowed in the banking business are ______________.

Q. 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

Q. The maximum number of partners in a firm carrying on banking business cannot exceed:

Q. The maximum number of partners in a firm which carries out banking business is ______________.

Q. The maximum number of partners allowed in a firm carrying on general business is _______.

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