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Co-operative society

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

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

a)

2

b)

7

c)

10

d)

50

2.

Co-operative movements first started in

a)

England

b)

France

c)

Spain

d)

Germany

3.

The members of co-operative society have

a)

Unlimited liability

b)

Limited liability

c)

joint and several liability

d)

Joint liability

4.

The life of sole proprietor business is

a)

Unstable

b)

Stable

c)

Very short life

d)

Long life

5.

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

a)

Profit are not subject to income tax

b)

one vote per share

c)

Dividends are paid on a per share basis

d)

All the above

6.

Co-operative in India follow which type of organisation structure

a)

Centralised structure

b)

Decentralised structure

c)

unitry structure

d)

Federal structure

7.

In India co-operative society act was passed in

a)

1919

b)

1949

c)

1904

d)

1912

8.

The principal followed in co-operative society is

a)

No vote

b)

One man one vote

c)

Multiple vote

d)

One share one vote

9.

The maximum number of partners allowed in the banking business are

a)

20

b)

No limit

c)

10

d)

2

10.

Hindu succession act was passed in

a)

1960

b)

1956

c)

1952

d)

1932