Multiple choice

The interest is transferable freely in

  1. Partnership

  2. Co-operative societies

  3. Joint Stock Company (public)

  4. Joint Stock company (public) and Co-operative societies both
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Right answer Because in joint-stock company, one can transfer freely his or her shares to others which is a public company. There is no restriction on transferring share to others in public company. One can sell his shares easily and freely and withdraw his membership from the company when he wishes to do so.

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