Which of the following is true about a Limited Liability Partnership (LLP) ?
- It is governed by the LLP Act.
- It provides limited liability to partners.
- It is taxed as double tax (corporate + dividend).
A1 only
B2, 3
C1, 2
DAll
No.1 PSC Learning App
★
★
★
★
★
Related Questions:
Which of the following statements is/are correct regarding public sector organisations?
i. Public sector organisations are always fully owned by the government.
ii. They provide employment benefits such as job security, housing, and retirement benefits.
iii. Their primary aim is to serve the general public rather than generate profits.
iv. They operate in areas such as information technology and pharmaceuticals.
Which of the following statements is/are correct about private sector organisations?
i. They can raise capital through loans, shares, and debentures.
ii. They are completely free from government regulations.
iii. They focus on customer needs to ensure long-term survival.
iv. They include entities like sole proprietorships, partnerships, and multinational corporations.
Consider the following statements about private sector organisations:
i. They can be small-scale, medium-scale, or large-scale entities.
ii. They offer greater job security compared to public sector organisations.
iii. Their capital is raised through private investments, loans, or issuing shares.
Which of the statements given above is/are correct?
Consider the following statements about non-profit organisations:
i. They are value-based and focus on public or social purposes.
ii. They are required to distribute excess funds to their employees.
iii. Examples include organisations like Akshaya Patra and HelpAge India.
Which of the statements given above is/are correct?
With reference to Public Organisations, which of the following statements are correct?
Public organisations include government agencies, state-owned enterprises, and municipalities.
They are primarily focused on profit generation rather than public welfare.
Their ownership can be either fully or partially held by central or state governments.