Cooperative Society

The motive to form 'Cooperative Society' is:

• (a) Common purpose
• (b) Welfare of its members
• (c) Both (a) and (b)
• Earning of profits

Cooperative society is required to get registered under the Cooperative Societies Act:

• 1912
• 1952
• 1982
• 1992

To form cooperative society, at least _______ adult persons' consent is required.

• 2
• 5
• 7
• 10

Voluntary membership of cooperative society means a person:

• (a) Free to join
• (b) Can leave any time
• (c) Both (a) and (b)
• (d) Only option (a) is correct

Cooperative society has separate legal entity. Which of the following is not correct for the given statement?

• Society can enter into contracts in its own name
• Can not hold property in its name
• Can sue and be sued by others
• Continue life of society

Liability of the members of cooperative society is:

• Un-limited
• Limited
• At least one member should have un-limited
• None of these

Voting rights of the members of cooperative society is:

• As per the amount of shares hold by them
• No voting rights of its members
• One man - One Vote
• All of above