You must know the Partnership syllabus if you want to outshine the upcoming bank exams. There are several Partnership formulas for bank exams that you have to remember. For better preparation, you can participate in Partnership online tests for bank exams and solve questions and answers because it is a very important topic for every bank and other Government exams. Once you know the Partnership tricks for bank exams, you can easily and quickly solve the problems without wasting time.
Before appearing for any Government bank exams try to solve the Partnership quiz as many as possible. The Partnership questions and answers pdf for bank exams and Partnership notes are easily available on BYJU'S Exam Prep. The important banking exams, where Partnership is included in the syllabus, are SBI Clerk, SBI PO, IBPS Clerk, IBPS PO, RBI Grade A, B, IBPS RRB Clerk, PO, etc.
Important Partnership Topics
You can get the complete details of the essential partnership topics that will be illustrated here. Get the complete list of the topics that have been elaborated here to be able to get through the selection process with ease. You can get a complete list of the essential topics of the partnership.
In simple partnership, all the investors invest the entire resources for the same period of time and remain in the business for the same duration.
For example: If M and N equally contributed Rs. x and y for one year in a certain business, their profit (or loss) at that time will be:
M's benefit:N's Profit = x:y
In compound partnership, different investors invest the money for a different period of time. Here, with the time-unit, the proportion of sharing and benefit is discovered by copying the capital contribution.
Compound Partnership Formula
(Kapoor's share of profit)/ (Gupta's share of profit) = (100000×3)/ (50000×12); where 12 is the number of months in a year. So, the ratio of the profits is (Kapoor’s share of Profit)/ (Gupta's share of Profit) = 1/2 or 1:2.
A sleeping partner has nothing to do with the management of the business. They just give away their resources like building, land, machinery, or money.
A working partner is very active and fully responsible for maintaining the business. They are responsible for marketing and production. For maintaining the management, they get incentives also. The profit that remains is divided between both as their rule of investment.
Tips to Prepare Partnership Questions
To enhance the degree of preparation module and get the desired result you must prepare all the essential topics to be able to get through the recruitment drive. The preparation tips have been presented here for effectively preparing for the partnership topic of the banking exams.
- Two, three, or more people together investing money in a certain business are called partners. They are in Partnership relations, and the money that they invest in the business is Capital.
- Just remember if they are investing money for the same time, then it is a Simple Partnership.
- And if they are investing money for a different time, then it is a Compound Partnership.
Importance of Partnership in the Quantitative Aptitude of Banking Exams
The partnership is an essential topic of the Quantitative Aptitude for banking exams to get detailed cognizance of all the parameters and pertinents of the exam. The complete details of the Quantitative Aptitude of the banking exams have been enlisted here to assist the candidates in their way of preparation and accomplishing dreams.
- These partnership questions are helpful to determine a student’s thinking capacity and mathematical efficiency.
- Partnership questions are important to find out students’ knowledge of time management in any banking exam.
- Weightage-wise, Partnership questions in banking exams have a strong/ more weightage.
- Using Simple and Compound Partnership rules, you can easily solve Partnership problems in less time.
Most Recommended Books for Partnership
You must handpick authentic, reliable, and comprehensive books providing an in-depth knowledge of the core concepts to assist the candidates in establishing their foundations and fundamentals. The following is a list of books that any candidate preparing for the topic can refer to:
Dr R.S. Aggarwal
Joan M. Kenney
Why prepare Partnership from BYJU'S Exam Prep?
Partnership questions from the quantitative section are the most challenging part of all banking exams. But, you cannot skip this part if you wish to score outstanding. We at BYJU'S Exam Prep helps students to test their ability with some partnership questions, notes, and pdfs that will make them confident to prepare for any banking exams. At BYJU'S Exam Prep, students can also practice online exams and learn proper time management while solving the questions. BYJU'S Exam Prep also helps the students by preparing two strategies for Mathematics. One strategy is for the prelims section, and another strategy is for the Main section.
How many types of Partnerships are there?
It is essential for the candidates to solve the questions based on partnership on regular basis to be able to get through the selection process with ease. There are two types of partnerships: Simple Partnership and Compound Partnership. You must grasp the core concepts of the Partnership questions for the banking exam. Try to establish fundamentals and foundations to score well in the exam.
What is meant by Partnership?
A Partnership is a formal arrangement of two, three, or more individuals to invest some amount of money in a business and equally share the profit. The candidates must get
Can we appear in banking exams before graduation?
No, you must be a graduate to appear for any banking exams. It is essential to fulfilling the eligibility criteria to avoid facing any hassle in the recruitment process.
What are the passing marks in the bank exam?
For the General category, 40% and backward class and PWDB 35% are the minimum passing marks required for the bank exams.
Is the Partnership mathematics topic difficult?
If you can remember the Simple and Compound Partnership formulas properly then with practice, you can easily solve the questions asked in mathematics from the Partnership section. The more you practice the better you will be at solving the questions of the topic pertaining to Partnership.
What are the most recommended books for Partnership?
It is essential for the candidates to handpick the most reliable, authentic, and preferred books for solving the partnership questions. You can refer to these books such as Quantitative Aptitude by Dr. RS Aggarwal, Mathematics Instruction by Joan M. Kenny, and Quickest Mathematics by Kiran Publications.
What is the importance of partnership in the Quantitative Aptitude of Banking Exams?
The questions pertaining to the topic partnership of banking exam assesses the candidates on the basis of their thinking skills and intellectual abilities. These questions also test the time management skill of the candidates. By applying simple formulae and grasping the concepts, and fundamentals you will be able to gain insights into the partnership questions of the Quantitative Aptitude for Banking exams.
What are the essential tips for solving the partnership questions for the Quantitative Aptitude?
It is crucial for the candidates to get the complete details of the questions pertaining to the Number Series of the Quantitative Aptitude. You must solve previous year papers to be well versed with the sections of the Quantitative Aptitude to gain insights into the essential segments of the exam. You need to grasp the core concepts, fundamentals and foundations to be able to get through the selection process.