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Questions and Answers
Which act makes the registration of cooperative societies compulsory in India?
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?
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?
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?
What is one of the features of a cooperative society?
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