Question # 1

A co-operative society is established by:

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Government institutions

Capitalists

Financially weak consumer

All the people

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 shares of co-operative society:

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Can be sold market

Cannot be solid in market

Can be used as security

All are correct

The management committee of society is elected by:

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Members

Government

the will of one person

All the correct

A co-operative society is established by

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Government institutions

Capitalist

Financially weak consumer

All the people

What is excluded from a co-operative society

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Consumer

Retailer

Wholesaler

Capitalist

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

Who provides the capital for co-operative society

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Government

Members

Banks

None of these

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 shares of a co-operative society can be transferred:

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At any time

After 6 months

After 1 year

All are wrong

The minimum number of members in a co-operative society

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Two

Five

Ten

Twenty

Maximum number of members in a co-operative society

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Ten

Twenty

Fifty

None of these

Maximum number of members in a co-operative society:

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Ten

Twenty

Fifty

None of these

The minimum number of members in a co-operative society:

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Two

Five

Twenty

Thirty

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

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