11 GSEB BO MCQ

In a Co-operative society member …….

• Can vote per share

• Can vote per member

• Can vote in proportion of capital

• Can vote as per efficiency

(1)    Co-operative society is called training school for what ?

• Service

• Splendour

• Autocracy

• Democracy

Co-operative society………

• Is the institution of capitalists

• Has the motive of service to member

• Has the motive of profit

• Encourages speculation

How many persons are required for the formation of Co-operative society ?

• 10

• 20

• 30

• 50

The upliftment of the members predominantes  in …….

• Sole proprietorship

• Private company

• Public company

• Co-operative society

Co-operative society……..

• Can not pay Dividend

• Can pay Dividend in any proportion

• Can pay Dividend subject to the law

• Can pay Dividend subject to the permission of state and central government.

Which is considered as the engine of economic growth ?

• Sole proprietorship

• Partnership

• Co-operative society

• Company

Which companies Act is inforce in india at present ?

• 1912

• 1932

• 1956

• 2013

How does a company express its members?

• By name

• By common seal

• By memorandum

• By artificial identity

In which document does a company state the Liability of its members ?

• Memorandum of association.

• Articles of association

• Membership letter

• Contract letter