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The Propositions are:<br>(1) Where a partner of a professional business partnership borrows money in the usual and regular course of business stating that the money is to be used for partnership business but misappropriates it, the other partners shall be liable.<br>(2) Where money has been borrowed by a partner without authority, but has been applied to the legitimate business needs of the firm, the firm is liable.<br>(3) Where the act is within the scope of the implied authority of a partner, but it has been done by him, to the knowledge of the third party, not for the firm but for his own purposes, the firm is liable.<br>Which of the following is true in accordance with Indian Partnership Act, 1932 as to the aforesaid propositions?
A
(1) is correct, (2) and (3) are incorrect
B
(1) and (2) are correct, (3) is incorrect
C
(1), (2) and (3), all are correct
D
(2) and (3) are correct, (1) is incorrect
E
None of these
Correct Answer:
(1) is correct, (2) and (3) are incorrect
By implied authority, each partner binds all other partners by his acts in all matters which are within the scope and objects of partnership. In a partnership of general commercial nature, which of the following is not within the implied authority of partners?
A
That every partner may pledge or sell the partnership property
B
That any partner may admit any liability in a suit against the firm
C
That every partner may borrow money on account of the partnership
D
That every partner may engage servants for the partnership business
Read the passage carefully and choose the best answer to each question out of the four alternatives andclick the button corresponding to it.
There is a time in every man's education when he arrives at the conviction that envy is ignorance; that imitation is suicide; that he must take himself for better, forworse, as his portion; that though the wide universe is full of good, no kernel of nourishing corn can come to him but through his toil bestowed on that plot of groundwhich is given to him to till. The power which resides in him is new in nature, and none but he knows what that is which he can do, nor does he know until he hastried. Not for nothing one face, one character, one fact, makes much impression on him, and another none. This sculpture in the memory is not without pre-established harmony. The eye was placed where one ray should fall, that it might testify of that particular ray. We but half express ourselves, and are ashamed ofthat divine idea which each of us represents. It may be safely trusted as proportionate and of good issues, so it be faithfully imparted, but God will not have his workmade manifest by cowards. A man is relieved and gay when he has put his heart into his work and has done his best; but what he has said or done otherwise, shallgive him no peace. It is a deliverance which does not deliver. In the attempt his genius deserts him; no muse befriends; no invention, no hope. According to the author, God is not looking for _____ to manifest his works.
A
Cowards
B
Stubborn people
C
Weaklings
D
All of these
Read the passage carefully and choose the best answer to each question out of the four alternatives andclick the button corresponding to it.
There is a time in every man's education when he arrives at the conviction that envy is ignorance; that imitation is suicide; that he must take himself for better, forworse, as his portion; that though the wide universe is full of good, no kernel of nourishing corn can come to him but through his toil bestowed on that plot of groundwhich is given to him to till. The power which resides in him is new in nature, and none but he knows what that is which he can do, nor does he know until he hastried. Not for nothing one face, one character, one fact, makes much impression on him, and another none. This sculpture in the memory is not without pre-established harmony. The eye was placed where one ray should fall, that it might testify of that particular ray. We but half express ourselves, and are ashamed ofthat divine idea which each of us represents. It may be safely trusted as proportionate and of good issues, so it be faithfully imparted, but God will not have his workmade manifest by cowards. A man is relieved and gay when he has put his heart into his work and has done his best; but what he has said or done otherwise, shallgive him no peace. It is a deliverance which does not deliver. In the attempt his genius deserts him; no muse befriends; no invention, no hope. What is that which only the person himself knows and must act in order to discover it?
A
His untapped potential
B
His destiny that lies in the future
C
The power which resides in him
D
The joy of achieving success
Read the passage carefully and choose the best answer to each question out of the four alternatives andclick the button corresponding to it.
There is a time in every man's education when he arrives at the conviction that envy is ignorance; that imitation is suicide; that he must take himself for better, forworse, as his portion; that though the wide universe is full of good, no kernel of nourishing corn can come to him but through his toil bestowed on that plot of groundwhich is given to him to till. The power which resides in him is new in nature, and none but he knows what that is which he can do, nor does he know until he hastried. Not for nothing one face, one character, one fact, makes much impression on him, and another none. This sculpture in the memory is not without pre-established harmony. The eye was placed where one ray should fall, that it might testify of that particular ray. We but half express ourselves, and are ashamed ofthat divine idea which each of us represents. It may be safely trusted as proportionate and of good issues, so it be faithfully imparted, but God will not have his workmade manifest by cowards. A man is relieved and gay when he has put his heart into his work and has done his best; but what he has said or done otherwise, shallgive him no peace. It is a deliverance which does not deliver. In the attempt his genius deserts him; no muse befriends; no invention, no hope. When is a man relieved and gay?
A
When he has untapped potential
B
When he has put his heart into his work and has done his best
C
When destiny smiles at him
D
When he achieves his goal
Read the passage carefully and choose the best answer to each question out of the four alternatives andclick the button corresponding to it.
There is a time in every man's education when he arrives at the conviction that envy is ignorance; that imitation is suicide; that he must take himself for better, forworse, as his portion; that though the wide universe is full of good, no kernel of nourishing corn can come to him but through his toil bestowed on that plot of groundwhich is given to him to till. The power which resides in him is new in nature, and none but he knows what that is which he can do, nor does he know until he hastried. Not for nothing one face, one character, one fact, makes much impression on him, and another none. This sculpture in the memory is not without pre-established harmony. The eye was placed where one ray should fall, that it might testify of that particular ray. We but half express ourselves, and are ashamed ofthat divine idea which each of us represents. It may be safely trusted as proportionate and of good issues, so it be faithfully imparted, but God will not have his workmade manifest by cowards. A man is relieved and gay when he has put his heart into his work and has done his best; but what he has said or done otherwise, shallgive him no peace. It is a deliverance which does not deliver. In the attempt his genius deserts him; no muse befriends; no invention, no hope. Which of the following does the author appear to highlight in this essay?
A
Being contented with the status quo
B
Knowing oneself better
C
Working hard and sincerely
D
Waiting for better opportunities
Read the passage carefully and choose the best answer to each question out of the four alternatives andclick the button corresponding to it.
There is a time in every man's education when he arrives at the conviction that envy is ignorance; that imitation is suicide; that he must take himself for better, forworse, as his portion; that though the wide universe is full of good, no kernel of nourishing corn can come to him but through his toil bestowed on that plot of groundwhich is given to him to till. The power which resides in him is new in nature, and none but he knows what that is which he can do, nor does he know until he hastried. Not for nothing one face, one character, one fact, makes much impression on him, and another none. This sculpture in the memory is not without pre-established harmony. The eye was placed where one ray should fall, that it might testify of that particular ray. We but half express ourselves, and are ashamed ofthat divine idea which each of us represents. It may be safely trusted as proportionate and of good issues, so it be faithfully imparted, but God will not have his workmade manifest by cowards. A man is relieved and gay when he has put his heart into his work and has done his best; but what he has said or done otherwise, shallgive him no peace. It is a deliverance which does not deliver. In the attempt his genius deserts him; no muse befriends; no invention, no hope. What does the word 'Manifest' mean?
A
Display
B
Hide
C
Shout
D
Try
Read the passage carefully and choose the best answer to each question out of the four alternatives.
In mid-2012 I completed my first massive online open course, or MOOC, the kind widely offered by Coursera, EdX, Udacity and so on in partnership with different educational institutions. It was on clinical trials and ethical practices, offered by Johns Hopkins, on Coursera. This was shortly before the MOOC sensation hit India, and when Coursera, which was founded by two Stanford professors, itself was just a few months old. The MOOC bug had bit me. The course Id completed was mainly designed for health care professionals who would be involved in actual clinical trials, not college students who had no prior knowledge of that area. I decided to enroll in the course because it was the only biology related course open at the time. However, I did see hope in that sometime in the future Id be able to get a glimpse of what classes are like in the hallowed halls of major educational institutions around the world. By early 2013, Coursera and EdX had partnered with so many educational institutions and expanded their course offerings to include everything from food and nutrition to Greek mythology to business, that I was spoilt for choice. I spent hours going through course catalogues and poring over course descriptions, almost delirious with excitement at the fact that I was actually going to be able to take classes offered by universities I had only dreamt of attending.
The course the author completed on MOOC was related to which subject?
A
Biology
B
Nutrition
C
Mythology
D
Business
Read the passage carefully and choose the best answer to each question out of the four alternatives.
In mid-2012 I completed my first massive online open course, or MOOC, the kind widely offered by Coursera, EdX, Udacity and so on in partnership with different educational institutions. It was on clinical trials and ethical practices, offered by Johns Hopkins, on Coursera. This was shortly before the MOOC sensation hit India, and when Coursera, which was founded by two Stanford professors, itself was just a few months old. The MOOC bug had bit me. The course Id completed was mainly designed for health care professionals who would be involved in actual clinical trials, not college students who had no prior knowledge of that area. I decided to enroll in the course because it was the only biology related course open at the time. However, I did see hope in that sometime in the future Id be able to get a glimpse of what classes are like in the hallowed halls of major educational institutions around the world. By early 2013, Coursera and EdX had partnered with so many educational institutions and expanded their course offerings to include everything from food and nutrition to Greek mythology to business, that I was spoilt for choice. I spent hours going through course catalogues and poring over course descriptions, almost delirious with excitement at the fact that I was actually going to be able to take classes offered by universities I had only dreamt of attending.
Which of the following is the name of a university and not an online education delivery company?
A
Coursera
B
Johns Hopkins
C
EdX
D
Udacity
A passage is given with five questions following it. Read the passage carefully and select the best answer to each question out of the given fouralternatives. He wasn't the first, nor would he be the last, but the wiry, bespectacled man from Gujarat is certainly the most famous of the world's peaceful political dissidents.Mohandas Gandhi – also affectionately known as Mahatma – led India's independence movement in the 1930s and 40s by speaking softly without carrying much ofa big stick, facing down the British colonialists with stirring speeches and non-violent protest. More than anything else, historians say, Gandhi proved that one manhas the power to take on an empire, using both ethics and intelligence. Urges Britain to quit India It is hard to imagine the thin, robed Gandhi working in the rough and tumble world of law, but Gandhi did get his start in politics as a lawyer in South Africa, where he supported the local Indian community's struggle for civil rights. Returning to India in 1915, he carried over his desire to improve the situation of the lower classes. Gandhi quickly became a leader within the Indian National Congress, a growing political party supporting independence, and traveled widely with the party to learnabout the local struggles of various Indian communities. It was during those travels that his legend grew among the Indian people, historians say. Gandhi was known as much for his wit and intelligence as for his piety. When he was arrested several more times over the years for his actions during the movement,Gandhi calmly fasted in prison, believing that his death would embarrass the British enough to spur independence, which had become the focus of his politics by1920. Gandhi's non-cooperation movement, kicked off in the early 1920s, called for Indians to boycott British goods and traditions and become self-reliant. His mostfamous protest came in 1930, when Gandhi led thousands of Indians on a 250-mile march to a coastal town to produce salt, on which the British had a monopoly. Bapu was known for his:
A
intelligence
B
wit
C
piety
D
All of these
Which of the following are correct regarding rights of partners?
1. A partner has the right to allow the admission of a new partner.
2. Every partner has a right to take part in the management of business.
3. Every partner has a joint ownership of partnership property.
4. Every partner has a right to share the profit not the losses with other partners.
5. Every partner has a right to inspect the books of account and have a copy of the same.
6. In case of emergency, a partner has a right to act as a man of prudence.
Select the correct answer:
A
1, 2, 3, 4
B
2, 3, 4, 6
C
3, 4, 5, 6
D
2, 3, 5, 6