LLP Act Purpose and Functions Quiz

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By HealthyDaffodil



9 Questions

What is the main purpose of an LLP act?

What happens when the LLP act is invoked?

Which of the following is NOT a function of the LLP act?

What role does the Registrar of Companies play in dissolving an LLP based on the text?

What is the first step to dissolve an LLP as per the text?

Why is it important to notify all partners in writing when dissolving an LLP?

In the context of ratio and proportion, if 5 apples cost $10, how much will 8 apples cost?

If the ratio of boys to girls in a class is 2:3 and there are 30 students in total, how many girls are in the class?

If it takes 4 painters 6 days to paint a house, how many days will it take for 5 painters to paint the same house?


Test your knowledge on the main purpose of an LLP act, the consequences of invoking the act, and functions associated with it. Identify which option is NOT a function of the LLP act.

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