The 'Merchandise Exports from India Scheme' (MEIS) has been replaced by: MCQ with Answer and Explanation

Explanation:
Partnership deed is not compulsory but advisable to avoid disputes. Partnership can exist based on oral agreement.

Explanation:
Internal check is a continuous, routine system where the work of one employee is automatically checked by another. Internal audit is a separate, continuous appraisal system by specialized staff. They are not the same. A is true, R is false.

Explanation:
A joint venture is a temporary partnership formed for a specific venture or project, and it ceases to exist once the project is completed.