Question : Sleeping partners are those who 

Option 1: take active part  in the conduct of the business but provide no capital. however, salary is paid to them

Option 2: do not take any part in the conduct of the business but provide capital and share profit and losses in the agreed ratio 

Option 3: take active part in the conduct of the business but provide no capital, however, share profit and losses in the agreed ratio

Option 4: do not take any part in the conduct of the business and contribute no capital, however, share profit and losses in the agrred ratio.

Question : Ostensible partners are those who 

Option 1: do not contribute any capital but get some share of profit for lending their name to the business 

Option 2: contribute very less capital but get equal profit 

Option 3: do not contribute any capital and without having any interest in the business, lend their name to the business 

Option 4: contribute maximum capital of the business 

Question : The ratio in which a partner surrenders his share of profit in favour of partners is known as 

Option 1: Capital ratio

Option 2: Gaining ratio

Option 3: New profit sharing ratio 

Option 4: Sacrifice ratio 

Question : What ratios are affected by "Return on Investment"?

Option 1: Gross profit ratio and net profit ratio

Option 2: Earnings per share and net profit ratio.

Option 3: Capital employed ratio and assets turnover ratio

Option 4: Net profit ratio and capital turnover ratio

Question : X, Y and Z are partners sharing profit and losses in the ratio of 3:2:1. Y died, and  X and Z share profit and losses in the ratio of 3:2. Their gaining ratio will be 

Option 1: 3:1

Option 2: 1:3

Option 3: 3:7 

Option 4: None of the above

Question : X, Y and Z are partners sharing profit and losses in the ratio of 3:2:1. Y died, and  X and Z share profit and losses in the ratio of 3:2. Their gaining ratio will be 

Option 1: 3:1

Option 2: 1:3

Option 3: 3:7 

Option 4: None of the above