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Cooperative Societies

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Questions and Answers

Which act makes the registration of cooperative societies compulsory in India?

The Indian Cooperative Societies Act (correct)

The Indian Business Registration Act

The Indian Voluntary Association Act

The Indian Cooperative Service Act

What is the minimum number of members required to form a cooperative society?

15 members

20 members

5 members

10 members (correct)

What is the main motive behind a cooperative society?

Competition with other societies

Individual success

Profit maximization

Service to its members (correct)

What is one of the features of a cooperative society?

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Cooperative Societies

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Questions and Answers

Which act makes the registration of cooperative societies compulsory in India?

What is the minimum number of members required to form a cooperative society?

What is the main motive behind a cooperative society?

What is one of the features of a cooperative society?

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