Question # 1

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

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1925

1932

1913

1942

The liability of members in co-operative society is generally:

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Limited

Unlimited

Both (a) and (b)

None

The price of the share of society is:

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Equal to the face price

Above the face price

Less than the face price

All the above

What is excluded from a co-operative society:

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Consumer

Retailer

Wholesaler

Capitalist

Co-operative society started in:

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1840

1844

1845

1850

The shares of a co-operative society can be transferred

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At any time

After 6 months

After 1 years

All are wrong

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

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1920

1925

1930

1935

The basic aim of a co-operative society is

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To store goods

To earn profit

The welfare of members of society

All the above

The price of the share of society is

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Equal to the face price

Above the face price

Less than the face price

All the above

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

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1920

1925

1930

1935

Maximum number of members in a co-operative society

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Ten

Twenty

Fifty

None of these

A co-operative society is established by:

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Government institutions

Capitalists

Financially weak consumer

All the people

What are the capital sources of co-operative society:

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Fee of members

By selling shares to members

Both (a) and (b)

National and international institutions

The management committee of society is elected by

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Shareholders

Government

The will of one person

All are correct

Who provides the capital for co-operative society

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Government

Members

Banks

None of these

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Other Links

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

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