IBPS CWE Clerk Exam 2013: Sample Questions- Partnership

Institute of banking and Personnel Selection (IBPS) is all set to conduct Common Written Examination (CWE) for recruitment to the clerical cadre posts. The examination will be conducted on 30 November 2013, 01 December 2013, 07 December 2013, 08 December 2013, 14 December 2013, and 15 December 2013. The banking experts of jagranjosh.com have come up with sample questions on Partnership, which will be helpful for the candidates preparing for IBPS Clerk Exam 2013.

Partnership:

When two or more than two persons run a business jointly,they are called partners in that business and the deal between them is known as partnership.

There are two types of partners in the business

1. Working Partner: A person who manages the business is known as working partner.

2. Sleeping Partner: A person who simply invests the money is known as sleeping partner.

Some Important Formulae:

(i) Suppose two persons P and Q invests Rs. X and Rs. Y respectively for a year in a business, then their share of profit or loss at the end of the year:

(Share of P' s profit (or loss))/(Share of Q' s profit (or loss))  = X/Y

(ii) Suppose two persons P and Q invests Rs. X for  m month and Rs. Y for n months respectively, then

(Share of P' s profit (or loss))/(Share of Q' s profit (or loss)) = Xm/Yn.

EXERCISE

Directions: Select the correct option:
 
I.Sudha and Sarita started a business investing Rs. 50,000 and Rs. 65,000 respectively. In what  ratio the profit earned after 5 years be divided between Radha and Meera?
 
(1) 13:12
(2) 13:10
(3) 10:13
(4) 10:11

II.Aryan invested Rs.45,000 in a business .After few months, his friend Brijesh joined him with Rs.40,000.At the end of the year, the total profit was divided between them in the ratio 3:2.After how many months did Brijesh join?     

(1) 2 months
(2) 3 months
(3) 4 months
(4) 5 months
 
III.Shankar started a marriage burro business by investing Rs.1, 00,000. After 4 months, his wife Geeta joined him with a capital of Rs.50,000 and after 2 years, they earned a profit of Rs.34,000.What was the Shankar’s share in the profit?
 
(1) Rs.24,500
(2) Rs.23,000
(3) Rs.24,000
(4) Rs.22,000  

IV. Nitin, Pranjali and Vivek hired a car for Gwalior darshan and used it for 3, 4 and 5 hours respectively and they paid Rs.900.Hire charges paid by Nitin were:
     
(1) Rs.8,000
(2) Rs.8,562
(3) Rs.6,000
(4) Rs.6,230

V. P,Q and R subscribe Rs.89,000 for online business. P subscribes Rs.4,000 more than Q and Q Rs.8,000 more than R. Out of a total profit of Rs, 17,800 , P receives:
      
(1) Rs.7,000
(2) Rs.7,890
(3) Rs.7,999
(4) Rs.6,890