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Latest Limited Liability Partnership LLP Act Exam Question (Objective Questions), MCQ in English

Subjects : Limited Liability Partnership (LLP) Act, 2008 Exam

Question Bank Limited Liability Partnership (LLP) Act, 2008 Exam - English
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Limited Liability Partnership (LLP) Act, 2008 Exam

Question 1Single Answer
The short title of the Act governing LLPs in India is?
  1. A
    Companies Act, 2013
  2. B
    Partnership Act, 1932
  3. C
    Limited Liability Partnership Act, 2008
  4. D
    LLP Regulation Act, 2009
Question 2Single Answer
The Limited Liability Partnership Act was enacted in which year?
  1. A
    2006
  2. B
    2007
  3. C
    2008
  4. D
    2009
Question 3Single Answer
The LLP Act extends to which territory?
  1. A
    Whole of India except Jammu & Kashmir
  2. B
    Union Territories only
  3. C
    Selected states only
  4. D
    Whole of India
Question 4Single Answer
The commencement of the LLP Act is decided by?
  1. A
    Parliament
  2. B
    President
  3. C
    Supreme Court
  4. D
    Central Government
Question 5Single Answer
The LLP Act comes into force on which basis?
  1. A
    Immediately after passing
  2. B
    On notification in Official Gazette
  3. C
    On state approval
  4. D
    After one year
Question 6Single Answer
Section 1 of LLP Act deals with?
  1. A
    Definitions
  2. B
    Preliminary provisions
  3. C
    Incorporation
  4. D
    Winding up
Question 7Single Answer
The LLP Act may come into force on?
  1. A
    Same date across India
  2. B
    Only after approval of states
  3. C
    Only one fixed date
  4. D
    Different dates for different provisions
Question 8Single Answer
The Act applies to LLPs formed under?
  1. A
    Companies Act
  2. B
    Contract Act
  3. C
    Partnership Act
  4. D
    LLP Act
Question 9Single Answer
The extent clause of Section 1 specifies?
  1. A
    Jurisdiction
  2. B
    Applicability territory
  3. C
    Scope of business
  4. D
    Membership rules
Question 10Single Answer
The LLP Act is applicable to?
  1. A
    Firms only
  2. B
    Companies only
  3. C
    LLP entities
  4. D
    NGOs
Question 11Single Answer
The Act is known as LLP Act, 2008 and is cited as?
  1. A
    LLP Code
  2. B
    LLP Law
  3. C
    Corporate Code
  4. D
    Short title
Question 12Single Answer
The authority responsible for bringing Act into force is?
  1. A
    Central Government
  2. B
    State Government
  3. C
    Registrar
  4. D
    Tribunal
Question 13Single Answer
Section 1 falls under which Chapter?
  1. A
    Chapter I
  2. B
    Chapter II
  3. C
    Chapter III
  4. D
    Chapter IV
Question 14Single Answer
Chapter I of LLP Act is titled?
  1. A
    Incorporation
  2. B
    Preliminary
  3. C
    Partners
  4. D
    Accounts
Question 15Single Answer
The LLP Act is a law relating to?
  1. A
    Sole proprietorship
  2. B
    Societies
  3. C
    Trusts
  4. D
    Limited Liability Partnerships
Question 16Single Answer
Section 1 includes provisions about?
  1. A
    Accounts
  2. B
    Audit
  3. C
    Commencement
  4. D
    Dissolution
Question 17Single Answer
The LLP Act came into force through?
  1. A
    Ordinance
  2. B
    Gazette notification
  3. C
    Court order
  4. D
    Parliamentary resolution
Question 18Single Answer
The LLP Act is applicable from?
  1. A
    1 April 2008
  2. B
    Date notified by government
  3. C
    Date of passing
  4. D
    1 January 2009
Question 19Single Answer
Section 1 includes how many main clauses?
  1. A
    One
  2. B
    Two
  3. C
    Three
  4. D
    Four
Question 20Single Answer
The LLP Act applies to all states including?
  1. A
    Only mainland
  2. B
    All states and UTs
  3. C
    Only metro cities
  4. D
    Only industrial areas
Question 21Single Answer
Section 1 provides for?
  1. A
    Definitions
  2. B
    Title and extent
  3. C
    Taxation
  4. D
    Liability
Question 22Single Answer
The commencement clause ensures?
  1. A
    Immediate enforcement
  2. B
    Flexible enforcement
  3. C
    No enforcement
  4. D
    State enforcement
Question 23Single Answer
LLP Act governs formation of?
  1. A
    Companies
  2. B
    LLPs
  3. C
    Firms
  4. D
    Trusts
Question 24Single Answer
The Act is central legislation enacted by?
  1. A
    RBI
  2. B
    Parliament
  3. C
    SEBI
  4. D
    Courts
Question 25Single Answer
Section 1 is introductory in nature and is called?
  1. A
    Operational section
  2. B
    Preliminary section
  3. C
    Administrative section
  4. D
    Judicial section
Question 26Single Answer
The term “extent” in Section 1 refers to?
  1. A
    Financial scope
  2. B
    Liability extent
  3. C
    Business limit
  4. D
    Legal coverage area
Question 27Single Answer
LLP Act was introduced to regulate?
  1. A
    Partnership with limited liability
  2. B
    Sole traders
  3. C
    Companies
  4. D
    NGOs
Question 28Single Answer
The Act allows commencement provisions to be?
  1. A
    Staggered
  2. B
    Uniform
  3. C
    Delayed indefinitely
  4. D
    State-based only
Question 29Single Answer
LLP Act came into effect after?
  1. A
    Court judgment
  2. B
    SEBI approval
  3. C
    RBI approval
  4. D
    Notification
Question 30Single Answer
Section 1 lays foundation for?
  1. A
    Definitions
  2. B
    Penalties
  3. C
    Entire Act
  4. D
    Accounts
Question 31Single Answer
The LLP Act replaced need for?
  1. A
    Companies
  2. B
    NGOs
  3. C
    Trusts
  4. D
    Traditional partnership structure
Question 32Single Answer
Section 1 is mandatory for?
  1. A
    Companies
  2. B
    Banking
  3. C
    LLP formation understanding
  4. D
    Taxation
Question 33Single Answer
LLP Act is applicable to?
  1. A
    Domestic LLPs only
  2. B
    Only registered firms
  3. C
    Foreign LLPs also (where applicable)
  4. D
    Only companies
Question 34Single Answer
The Act’s short title helps in?
  1. A
    Identification
  2. B
    Tax filing
  3. C
    Registration
  4. D
    Licensing
Question 35Single Answer
LLP Act was passed to encourage?
  1. A
    Agriculture
  2. B
    NGOs
  3. C
    Public companies
  4. D
    Corporate flexibility
Question 36Single Answer
Section 1 mentions the Act shall come into force on?
  1. A
    Fixed date
  2. B
    Date notified
  3. C
    State decision
  4. D
    Court order
Question 37Single Answer
The LLP Act applies uniformly across?
  1. A
    Selected states
  2. B
    Whole India
  3. C
    Only cities
  4. D
    Only industries
Question 38Single Answer
LLP Act introduction was necessary for?
  1. A
    Better compliance
  2. B
    Hybrid structure
  3. C
    Corporate governance
  4. D
    All of the above
Question 39Single Answer
The Act is cited in legal documents by its?
  1. A
    Short title
  2. B
    Section number
  3. C
    Chapter
  4. D
    Rule number
Question 40Single Answer
LLP Act is effective from?
  1. A
    Passing date
  2. B
    Registration date
  3. C
    Notification date
  4. D
    Court date
Question 41Single Answer
Section 1 is the?
  1. A
    Final provision
  2. B
    Penal provision
  3. C
    Introductory provision
  4. D
    Financial provision
Question 42Single Answer
LLP Act provides for formation of?
  1. A
    Limited liability entities
  2. B
    Unlimited liability firms
  3. C
    NGOs
  4. D
    Trusts
Question 43Single Answer
The Act aims to combine features of?
  1. A
    Firm & NGO
  2. B
    Trust & company
  3. C
    Company & partnership
  4. D
    Sole trader & trust
Question 44Single Answer
Section 1 ensures clarity on?
  1. A
    Accounting
  2. B
    Taxation
  3. C
    Audit
  4. D
    Scope and enforcement
Question 45Single Answer
LLP Act is administered by?
  1. A
    RBI
  2. B
    Central Government
  3. C
    SEBI
  4. D
    State Government
Question 46Single Answer
The Act extends to entire India including?
  1. A
    Only states
  2. B
    States and Union Territories
  3. C
    Only UTs
  4. D
    Only metros
Question 47Single Answer
The commencement clause is flexible because?
  1. A
    It depends on court
  2. B
    It depends on state
  3. C
    It allows staged enforcement
  4. D
    It delays implementation
Question 48Single Answer
Section 1 does not deal with?
  1. A
    Title
  2. B
    Definitions
  3. C
    Extent
  4. D
    Commencement
Question 49Single Answer
LLP Act provides legal framework for?
  1. A
    Banking
  2. B
    Trusts
  3. C
    NGOs
  4. D
    LLP structure
Question 50Single Answer
The Act is central legislation meaning?
  1. A
    State law
  2. B
    Court enacted
  3. C
    Parliament enacted
  4. D
    RBI enacted
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