Ownership structures - cooperative society - class-XI
| Description: ownership structures - cooperative society | |
| Number of Questions: 44 | |
| Created by: Tanuja Atwal | |
| Tags: forms of business organisation - 1 organisation of commerce and management cooperative organisation forms of business organisations commercial applications forms and formation of business enterprises business studies commerce commercial studies forms of business organization - 2 cooperative society concept of business ownership structures - cooperative society organization of commerce and management joint hindu family business and cooperative society forms of business organisation |
Which of the following sentence in relation to "Cooperative Societies" are correct?
(1) There should be minimum of 20 members to for cooperative society but there is no maximum limit for the membership.
(2) According to Indian Cooperative Societies Act,1912,each society must transfer at least one-third of its profits to general reserve.
(3) Cooperative Societies may distribute maximum up to 90 per cent of its surplus as dividend to its members and can spent another 10 per cent for the welfare of the members.
_____________ are formed to provide financial support to the members.
The main objective(s) of co-operative society is/are _______________.
An association established for promoting common economic interest of members is a Co-operative society.
A voluntary association of persons which required minimum ten major persons for its formation is a co-operative society.
Association which is formed for welfare of the society is co-operative society.
Invariably _________ is the disadvantage of co-operative society type of organization.
A co-operative society can promise maximum ____ amount of interest on the money contributed by it's members.
If the objective for the business organization is self help as well as mutual help. It is _____________ type of organisation.
The minimum number of members required to get a co-operative society registered is _______.
Voting right that vests with each member of cooperative society is ________________.
Why co-operative marketing society is formed?
Which form of business organisation has a separate legal entity ?
Which of the following sentence in relation to "Cooperative Societies" are correct?
(1) There should be minimum of 20 members to
for cooperative society but there is no
maximum limit for the membership.
(2) According to Indian Cooperative Societies
Act, 1912, each society must transfer at
least one-third of its profits to general
reserve.
(3) Cooperative Societies may distribute
maximum up to 90 per cent of its surplus
as dividend to its members and can spent
another 10 per cent for the welfare of the
members.
What is the minimum number of members required to form a co-operative society?
The main objective of the co-operative society are ________.
Which form of business organisation has a separate legal entity?
A co-operative society can promise maximum _________ amount of interest on the money contributed by its members.
Invariable _________ is the disadvantage of co-operative society.
Match the following:
| List I | List II |
|---|---|
| P. Consumers co-operative societies | $1.$ Formed by small producers and manufacturers who find it difficult to sell their products individually. |
| Q. Producers co-operative societies | $2.$ Formed to provide financial support to the members. |
| R. Co-operative marketing societies | $3.$ Formed to protect the interest of small producers by making available items of their need for production like raw materials, tools and equipments, machinery, etc. |
| S. Co-operative credit societies | $4.$ Formed by small farmers to work jointly and thereby enjoy the benefits of large-scale farming. |
| $5.$ Formed to protect the interest of general consumers by making consumer goods available at a reasonable price. |
Select the correct answer from the options given below.
Which of the following is a voluntary association of persons who work together to promote their economic interest?
The main objective(s) of co-operative society is/ are ________.
Handloom societies like APPCO, Bayanka, Haryana Handloom, etc., are examples of ____________________.
Which of the following is example of producers' co-operative society?
Village Service Co-operative Society and Urban Cooperative Banks are examples of _____________________.
The income of cooperative society is legally ________ as per the Income - tax Act, $1961$.
According to Indian Co-operative Societies Act, $1912$, may distribute maximum up to ______ of its surplus as dividend to its members.
Which of the following can be treated as characteristic of co-operative society?
The advantages of co-operative society is/ are ______________________.
Statement $1$:
The liability of members of co-operative society remains limited to the extent of capital contributed by them.
Statement $2$:
The members of co-operative society are personally liable of co-operative society.
Select the correct answer from the options given below.
Lift-irrigation cooperative societies and pani-panchayats are some of the examples of ________.
According to Indian Cooperative Societies Act, $1912$, each society must transfer at least ________ of its profits to general reserve.
The co-operative society follows the principles of "_________".
The co-operative society has perpetual succession because it is not affected due to __________________.
The basic aim of the co-operative society is _______ help.
Which of the following is/ are not disadvantage of co-operatives?
A co-parcener __________ ask for accounts.
Handloom Societies like APPCO, Bayanika, Haryana Handloom, etc., are examples of ____________.
_____________ are formed by small producers and manufacturers who find it difficult to sell their products individually.
The co-operative society follows the principles of "_____________" .
_____________ are formed to protect the interest of general consumers by making consumer goods available at a reasonable price.
____________ are formed to provide residential houses to members.
_____________ are formed to protect the interest of small producers by making available items of their need for production like raw materials, tools and equipments, machinery, etc.
____________ are formed by small producers and manufacturers who find it difficult to sell their products individually.