Question # 1

The management committee of society is elected by:

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Members

Government

the will of one person

All the correct

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 cannot be a member of co-operative society

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Govt. Servant

Illiterate person

Minor person

None of these

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

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Limited

Unlimited

Both (a) and (b)

None

The liability of shareholders in co-operative society

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Limited

Unlimited

Both a and b

None

What is excluded from a co-operative society

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Consumer

Retailer

Wholesaler

Capitalist

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 years

All are wrong

A co-operative society is established by

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Government institutions

Capitalist

Financially weak consumer

All the people

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

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

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1920

1925

1930

1935

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

Who cannot be a member of co-operative socity:

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Govt. Servant

Illietrate person

Minor person

None of these

The management committee of society is elected by

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Shareholders

Government

The will of one person

All are correct

Co-operative society started in:

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1840

1844

1845

1850

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

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