Question

Which of the following is not included in the definition of 'business' under the Indian Partnership Act, 1932?

• A. Trade
• B. Profession
• C. Occupation
• D. Hiring

Hint:

The term "business" in the Indian Partnership Act excludes activities that are not profit-oriented, like hiring.

Answer 1

The Correct Option is D

Step 1: Understand the Indian Partnership Act's definition of "business."
The Partnership Act defines "business" as encompassing trade, profession, and occupation, but specifically excludes hiring.