alleryStart learning →A partner who shares profit and loss but does not manage the firm is called
Aa general partner
Ba managing agent
Ca silent partner
Da salaried partner
Answer & Solution
Correct answer: C. a silent partner
A silent or sleeping partner takes part in profit and loss but stays out of management.
Keep practising Partnership Business
Browse all Partnership Business questions for SSC CGL, or explore more Quantitative Aptitude topics.
Related questions
The ratio 4:5 written in the form 1:x isWhich ratio equals 3:2?Reduce the profit ratio 40:60 to its simplest form.The Partnership Act 1932 allows a partnership agreement to beUnder Indian law, a partnership firm isA major disadvantage of a partnership firm in India isIndian courts treat which feature as the real test of a partnership firm?What is the minimum number of partners needed for a partnership firm in India?