Partnership Practice Test 12 is a challenging short drill of 15 multiple-choice questions on partnership, created by Xigma Academy for candidates preparing for bank PO, clerk and other banking recruitment exams. It is test 12 in the Partnership series on TestMint. This test is free to attempt.
What this test covers
- Partnership: 15 questions
Test details
| Questions | 15 |
|---|---|
| Duration | 25 minutes |
| Marks | 1 per question, 15 in total |
| Negative marking | None |
| Difficulty | Mostly challenging |
| Access | Free |
A sample question from this test
Karan and Divya start a business with investments of ₹7,000 and ₹8,000 for the same period. They earn a profit of ₹9,000. What is Karan's share of the profit (in ₹)?
- 4,207
- 4,198
- 4,200
- 4,203
Answer: C. 4,200. Profit is shared in the ratio of investments = 7000 : 8000 = 7 : 8. Karan's share = 7/15 × 9,000 = ₹4,200.
How to approach this test
Profit is shared in the ratio of investment × time. When time differs, multiply each investment by its months before comparing.
This set leans hard, with multi-step questions, so treat it as a stretch: attempt the questions you can see a method for first and return to the rest. At 15 questions in 25 minutes, you have about 100 seconds per question on average. After you submit, review every wrong or guessed answer using the explanations.
Keep practising
Continue with all Banking mock tests, free mock tests, a guide to preparing this topic and how to review your mistakes.