XI B ST CH 2

Which form of the business organisation has the main objective of rendering services to its members

• Partnership Firm
• Joint stock Company
• Cooperative Society
• Joint Hindu family business

The minimum numbers of members in a cooperative society is

• 20
• 2
• 10
• 50

Which of the following is a not a clause of memorandum of association

• Capital clause
• Objects clause
• Name clause
• Director clause

Transfer of ownership is easy in case of........... whereas it is difficult in case of..............

• Joint stock company, partnership
• Sole proprietorship, joint stock company
• Sole proprietorship, partnership
• Partnership, joint stock company

The objects of the company are specified by

• Articles of association
• Memorandum of association
• Prospectus
• Certificate of Incorporation

which of the following forms of business organisation suffer from 'lack of public confidence' because they are not required to publish it accounts legally

• Partnership
• Cooperative society
• Joint stock company
• None of above

Sumit is a friend of Lakshya, who is a partner in software firm - simplified solutions. On Lakshya request Sumit accompanies him to a business meeting with Deepak software and Lakshya actively participates in the negotiation process for the business deal and give the impression that he is also a partner in simplified solutions . Which type of partner is Lakshya

• Nominal partner
• Active partner
• Partner by holding out
• Partner by estoppel

Provision of residential accommodation to the members at reasonable rate is the objective of

• Farmer's cooperative society
• Producer's cooperative society
• Credit cooperative society
• Cooperative Housing Society

In how many days the amount of minimum subscription must be received

• Within 110 days of the date of issue
• Within 10 weeks of the date of issue
• within 120 days of the date of issue
• Within 3 weeks of the date of issue

In a cooperative society, the principle followed is

• One share one vote
• One man one vote
• No voting rights to members
• Multiple votes by members