Final Quiz

What is Noncommercial organization?

• Nonprofit organizations

• NGOs

• Public benefit organizations

• All the above

A noncommercial organization (NCO) has NOT right to engage in economic activity?

• True

• False

The main qualities of NCOs are:

• Voluntary and self-sustained organization

• The deriving of profit is not the major objective

• Created in the interest of its members or the whole society

• All of the above

NGOs and NСOs are the same thing:

• True

• False

Charitable organizations in the Kyrgyz Republic are exempt from:

• Profit Tax

• Value added tax (VAT)

• Sales tax

• All of the above

Please name the authorized state body for the state registration of legal entities in the KR?

• Ministry of Education

• Business Council

• Ministry of Justice (MoJ)

• Ministry of Economics

activities of unregistered non-profit organizations are allowed in Kyrgyzstan

• True

• False

What can be the procedure for the withdrawal of members of an association of legal entities:

• voluntarily (by its own decision )

• compulsory order (may be expelled)

• voluntarily and compulsory order

• the state says you must stop being a member

The minimum for creation of Public Association:

• 3

• 7

• 15

• 48

Noncommercial Cooperatives are funded by member fees

• True

• False