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

Twenty

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Ten

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No limit

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Two

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Solution

The correct option is B Ten
The maximum number of members that can exist in partnership is 10 in case of a firm carrying on banking business and 20 in case of any other business.

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Similar questions

The maximum number of partners allowed in the banking business are

(a) Twenty

(b) Ten

(d) Two

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