Partnership Practice Test 7 is a moderate short drill of 10 multiple-choice questions on partnership, created by Xigma Academy for candidates preparing for bank PO, clerk and other banking recruitment exams. It is test 7 in the Partnership series on TestMint. This test is free to attempt.
What this test covers
- Partnership: 10 questions
Test details
| Questions | 10 |
|---|---|
| Duration | 15 minutes |
| Marks | 1 per question, 10 in total |
| Negative marking | None |
| Difficulty | Mostly moderate |
| Access | Free |
A sample question from this test
Farhan invests ₹4,000 for 3 months and Isha invests ₹4,000 for 8 months in a partnership. If the total profit is ₹550, what is Farhan's share (in ₹)?
- 150
- 300
- 152
- 153
Answer: A. 150. Profit is shared in the ratio of investment × time: Farhan = 4000 × 3 = 12000, Isha = 4000 × 8 = 32000. Ratio = 3 : 8. Farhan's share = ₹150.
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 mixes straightforward questions with a few that need an extra step, so it works well as a checkpoint once the basics are comfortable. At 10 questions in 15 minutes, you have about 90 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.