Question # 1

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

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1920

1925

1930

1935

The minimum number of members in a co-operative society

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Two

Five

Ten

Twenty

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

A co-operative society is established by

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Government institutions

Capitalist

Financially weak consumer

All the people

The management committee of society is elected by

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Shareholders

Government

The will of one person

All are correct

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

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

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

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 year

All are wrong

The liability of shareholders in co-operative society

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Limited

Unlimited

Both a and b

None

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

Choose an answer

1920

1925

1930

1935

The price of the share of society is

Choose an answer

Equal to the face price

Above the face price

Less than the face price

All the above

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

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