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Cooperative Societies
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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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