11th class Principles of Commerce chapter 8 online mcq test with answers for I.Com part 1 Principles of Commerce chapter 8(Cooperative Society)

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

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

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