MP Board · Class 11 · Business Studies · Forms of Business OrganisationsMaximum number of partners in a banking business partnership is:
Step-by-Step Solution
As per the Companies Act, the maximum number of partners in a banking business is 10, whereas for other general businesses it is 50.
Detailed Options Breakdown
Option : 10 (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: 20
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
Option 2: 50
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
Option 3: 100
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
💡 Study Guide: This question tests core syllabus concepts from Forms of Business Organisations. For formulas, key summaries, and mock exam reference guides, read the full Forms of Business Organisations Revision Notes.