First Year Principles of Commerce Chapter 8 Online MCQ Test for 1st Year Principles of Commerce Chapter 8 (Cooperative Society)

This online test contains MCQs about following topics:

Introduction and definition . Features of cooperatice society . Types of coopertative society . Advantages of cooperative society . Disadvantages of cooperative society . Difference between joint stock company and cooperative society

ICOM Part 1 Commerce Ch. 8 Test
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MCQ's Test For Chapter 8 "Principle of Commerce Icom Part 1 English Medium Chapter 8 Online Test"

Try The MCQ's Test For Chapter 8 "Principle of Commerce Icom Part 1 English Medium Chapter 8 Online Test"

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 8 Online Test

00:00
Question # 1

Co-operative society started in:

Question # 2

Who cannot be a member of co-operative socity:

Question # 3

What are the capital sources of co-operative society

Question # 4

The price of the share of society is

Question # 5

Maximum number of members in a co-operative society

Question # 6

If a co-operative society is working in more than one province, then it is registered under the Act of:

Question # 7

What is excluded from a co-operative society

Question # 8

The management committee of society is elected by

Question # 9

A co-operative society is established by:

Question # 10

The minimum number of members in a co-operative society

Question # 11

In Pakistan, a co-operative society is established under the following act

Question # 12

The basic aim of a co-operative society is

Question # 13

The liability of shareholders in co-operative society

Question # 14

What is excluded from a co-operative society:

Question # 15

Who cannot be a member of co-operative society

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Sr.# Question Answer
1 The basic aim of a co-operative society is
A. To store goods
B. To earn profit
C. The welfare of members of society
D. All the above
2 A co-operative society is established by:
A. Government institutions
B. Capitalists
C. Financially weak consumer
D. All the people
3 What are the capital sources of co-operative society
A. Fee of members
B. By selling shares to members
C. Both a and b
D. National and international institutions
4 Maximum number of members in a co-operative society:
A. Ten
B. Twenty
C. Fifty
D. None of these
5 Who cannot be a member of co-operative society
A. Govt. Servant
B. Illiterate person
C. Minor person
D. None of these
6 Who cannot be a member of co-operative socity:
A. Govt. Servant
B. Illietrate person
C. Minor person
D. None of these
7 The price of the share of society is:
A. Equal to the face price
B. Above the face price
C. Less than the face price
D. All the above
8 The management committee of society is elected by:
A. Members
B. Government
C. the will of one person
D. All the correct
9 In Pakistan, a co-operative society is established under the following act:
A. 1920
B. 1925
C. 1930
D. 1935
10 If a co-operative society is working in more than one province, then it is registered under the Act of:
A. 1925
B. 1932
C. 1913
D. 1942
11 The shares of co-operative society:
A. Can be sold market
B. Cannot be solid in market
C. Can be used as security
D. All are correct
12 The shares of a co-operative society can be transferred:
A. At any time
B. After 6 months
C. After 1 year
D. All are wrong
13 Co-operative society started in:
A. 1840
B. 1844
C. 1845
D. 1850
14 The minimum number of members in a co-operative society:
A. Two
B. Five
C. Twenty
D. Thirty

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