Co-operative society

What is the limit of members in a case of a private company

• 2

• 7

• 10

• 50

Co-operative movements first started in

• England

• France

• Spain

• Germany

The members of co-operative society have

• Unlimited liability

• Limited liability

• joint and several liability

• Joint liability

The life of sole proprietor business is

• Unstable

• Stable

• Very short life

• Long life

Which of the following is the characteristic if co-operative society

• Profit are not subject to income tax

• one vote per share

• Dividends are paid on a per share basis

• All the above

Co-operative in India follow which type of organisation structure

• Centralised structure

• Decentralised structure

• unitry structure

• Federal structure

In India co-operative society act was passed in

• 1919

• 1949

• 1904

• 1912

The principal followed in co-operative society is

• No vote

• One man one vote

• Multiple vote

• One share one vote

The maximum number of partners allowed in the banking business are

• 20

• No limit

• 10

• 2

Hindu succession act was passed in

• 1960

• 1956

• 1952

• 1932