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

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

Sr. # Questions Answers Choice
1 Who cannot be a member of co-operative society Govt. Servant Illiterate person Minor person None of these
2 If a co-operative society is working in more than one province, then it is registered under act of 1925 1932 1913 1942
3 The management committee of society is elected by Shareholders Government The will of one person All are correct
4 The shares of a co-operative society can be transferred At any time After 6 months After 1 years All are wrong
5 Maximum number of members in a co-operative society Ten Twenty Fifty None of these
6 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
7 What is excluded from a co-operative society Consumer Retailer Wholesaler Capitalist
8 The minimum number of members in a co-operative society Two Five Ten Twenty
9 A co-operative society is established by Government institutions Capitalist Financially weak consumer All the people
10 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
11 Who provides the capital for co-operative society Government Members Banks None of these
12 In Pakistan, a co-operative society is established under the following act 1920 1925 1930 1935
13 Co-operative society started in 1840 1844 1845 1850
14 The basic aim of a co-operative society is To store goods To earn profit The welfare of members of society All the above
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