Partnership and Installments MCQs

Prepare for Partnership and Installments MCQs with verified questions, past-paper solutions, and conceptual explanations for CSS, PMS, FPSC, PPSC, and NTS examinations.

15 Solved Questions • 12 Mins Practice • Updated for 2026 Competitive Exams
MCQS
2026 Solved Edition · Updated October 2026 · Verified Editorial Standards

Welcome to the verified preparation module for Partnership and Installments MCQs on McqsMind. This comprehensive set offers solved multiple-choice questions with answers, detailed explanations, and authentic past-paper style questions aligned with the latest syllabus of Arithmetic & Business Mathematics (Mathematics).

100% Verified Answer Keys CSS, PMS, FPSC, PPSC, NTS Ready 2026/2027 Syllabus Guidelines

Direct Definition & Conceptual Scope

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Partnership and Installments constitutes an essential examination topic within Mathematics, evaluating theoretical principles, historical context, and practical problem-solving applications. On MCQsMind, candidates practice verified past-paper solutions, conceptual breakdowns, and syllabus-aligned questions tailored for CSS, PMS, and competitive screening examinations.

Solved Questions

Practice with answers, explanations, and exam-focused revision notes.

15 MCQs Page 1

High-Yield Exam Revision Cheat Sheet & Mnemonics

Essential exam standard definitions and formulas for rapid 2-minute revision

High-Frequency Articles
  • Art. 6: High Treason
  • Art. 9: Security of Person
  • Art. 19-A: Right to Information
  • Art. 25-A: Free Education (5–16 yrs)
Federalism & Provinces
  • Art. 140-A: Local Government
  • Art. 153: Council of Common Interests
  • Art. 160: National Finance Commission
  • Art. 175-A: Judicial Commission (JCP)
Islamic Provisions
  • Art. 2: Islam as State Religion
  • Art. 2A: Objectives Resolution Substantive
  • Art. 203: Federal Shariat Court (FSC)
  • Art. 228: Council of Islamic Ideology

Topic Notes: Partnership and Installments

Quick Revision 3 min read 14 key points
Section 1 of 4

1 1. Fundamentals of Partnership

4 points
  • Definition
    Partnership: A business relationship where two or more individuals pool capital and resources, sharing profits and losses based on their respective contributions and agreed-upon terms.
  • Theory
    Profit Distribution Principle: Profit is directly proportional to the product of capital invested and the time period for which it remains invested (Profit = Capital × Time).
  • Definition
    Working Partner: A partner who manages the daily operations of the business and is often entitled to a fixed salary or commission before the distribution of net profits.
  • Definition
    Sleeping Partner: A partner who contributes capital but does not participate in the daily management of the business; they receive profit shares solely based on their capital contribution.
Section 1 / 4
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1
In a partnership, if one partner is a 'sleeping partner', what does this imply regarding profit distribution?
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2
A customer buys furniture on an installment plan. If the cash price is 50,000 and the installment price is 55,000, what is the percentage increase over the cash price?
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3
A and B enter a partnership. A invests 10,000 for 12 months, and B invests 20,000 for 6 months. How is the profit divided?
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4
If a partner withdraws their capital mid-year, how is their profit share calculated?
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5
A laptop is sold for 40,000 cash or 10,000 down payment followed by 4 monthly installments of 8,000. What is the total amount paid in installments?
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6
A partnership agreement stipulates that profits are distributed based on capital invested. If A invests 20,000 and B invests 30,000, how should a profit of 5,000 be divided?
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7
Three partners invest in the ratio 2:3:5. If the profit of the third partner is 15,000, what is the total profit of the business?
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8
A washing machine costs 12,000. Under an installment plan, a customer pays 2,000 down and 11 monthly installments of 1,000. What is the total cost under this plan?
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9
In a partnership, A invests 1/3 of the capital for 1/3 of the time, and B invests the rest for the full time. What is A's share of the profit?
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10
A loan of 10,000 is to be repaid in 10 equal monthly installments of 1,100. What is the effective annual interest rate if calculated on the principal?
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Pedagogical Syllabus Blueprint

Partnership and Installments MCQs: Preparation Strategy & Exam Blueprint

Examination Weightage & Commission Distribution

In Pakistan's premier competitive examinations—including the Federal Public Service Commission (FPSC General Recruitment & CSS MPT), Punjab Public Service Commission (PPSC Lecturer, Tehsildar & PMS Screening), KPPSC, SPSC, and BPSC—questions derived from Partnership and Installments MCQs consistently constitute a decisive 10% to 25% weightage of the Arithmetic & Business Mathematics paper. Testing agencies frequently evaluate both foundational factual recall and deeper analytical comprehension, requiring aspirants to master key dates, statutory articles, constitutional clauses, and thematic definitions.

High-Yield Conceptual Pillars & Distractor Analysis

Historical trend analysis across past five-year examination cycles demonstrates that examiner traps frequently involve closely matched numerical alternatives, chronologically contiguous treaties, and semantic subtleties in statutory phraseology. When preparing Partnership and Installments MCQs, candidates must deliberately review the underlying rationale provided for every question rather than merely memorizing raw answer options. Understanding why incorrect distractors fail is the most reliable predictor of achieving top percentiles in computerized and optical mark recognition (OMR) screening tests.

Negative Marking Mitigation & Time Management Protocol

For examinations enforcing negative marking penalties (such as PPSC's 0.25-mark deduction per erroneous response or NTS gatekeeper quotas), an aggressive elimination technique must be deployed. Candidates should systematically rule out improbable options first to elevate probability thresholds from 25% to 50% or 100%. Allocating an average of 45 to 60 seconds per item during mock trials builds the psychological stamina and cognitive precision required to complete 100-question papers within official 90-minute time limits.

Recommended Reference Sources & Statutory Reading

To achieve definitive conceptual mastery in Mathematics, candidates are advised to cross-reference our solved explanations with primary gazettes, statutory texts, and canonical academic textbooks. Verifying controversial questions against authentic official repositories guarantees that prospective civil servants and professional candidates present incontestable answers during both optical paper evaluations and viva voce departmental interviews.