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Question 4Asked in DSSSB TGT Computer Science (Technical), 1 Aug 2021, Shift 3

A partner who just lends his name to the partnership firm is known as ________.

  1. ALimited partner
  2. BNominal partner
  3. CSleeping partner
  4. DGeneral partner
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Correct answer: (B) Nominal partner

Explanation

A nominal partner only lends his name to the firm. He neither invests capital nor takes part in management, but is still liable to outsiders.

From DSSSB TGT Computer Science PYQ (Technical), 1 Aug 2021, Shift 3

This is question 4 of DSSSB TGT Computer Science PYQ (Technical), 1 Aug 2021, Shift 3. See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.