Tag: organization of commerce and management

Questions Related to organization of commerce and management

Feature(s) of a public corporation is/are ___________________________.

organization of commerce and management cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation cooperative societies cooperative society introduction to huf joint hindu family business

  1. It is genearlly not exempt from the rigid rules applicable to the expenditure of public funds.

  2. A public Corporation is managed by board of directors who are appointed by the public financial institutions.

  3. The primary motive of the corporation is public service rather than private profits.

  4. All of above.

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Correct Option: C

The co-operative society has perpetual succession because it is not affected due to ________________.

organization of commerce and management cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation cooperative societies cooperative society introduction to huf joint hindu family business

  1. Death of any member

  2. Insolvency of any member

  3. Lunacy of any member

  4. Any of above

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Correct Option: D

Life irrigation co-operative societies and pani panchayats are some of the examples of ________________.

organization of commerce and management cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation cooperative societies cooperative society introduction to huf joint hindu family business

  1. Co-operative farming societies

  2. Co-operative marketing societies

  3. Co-operative credit societies

  4. Consumers' co-operative societies

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Correct Option: A

According to Indian Cooperative Societies Act, 1912, each society must transfer at least ___ of its profits to general reserve.

organization of commerce and management cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation cooperative societies cooperative society introduction to huf joint hindu family business

  1. One third

  2. One fourth

  3. One half

  4. One tenth

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Correct Option: B

The income of cooperative society is legally ____________ as per the Income tax Act, 1961.

organization of commerce and management cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation cooperative societies cooperative society introduction to huf joint hindu family business

  1. Not taxable

  2. Taxable

  3. Totally exempt

  4. Taxable if State Government pass order

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Correct Option: B

In case of co-operative society, no member detects the terms and conditions of the functioning because "_________" is the thumb rule.

organization of commerce and management cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation cooperative societies cooperative society introduction to huf joint hindu family business

  1. One man two vote

  2. One man one vote

  3. Two man one vote

  4. No man no vote

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Correct Option: B

Village Service Co-operative Society and Urban Co-operative Banks are examples of ________________.

organization of commerce and management cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation cooperative societies cooperative society introduction to huf joint hindu family business

  1. Producers' co-operative societies

  2. Co-operative marketing societies

  3. Co-operative credit societies

  4. Consumer's co-operative societies

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Correct Option: C

Which of the following are examples of "Producers Co-operative Society"?
(1)   APPCO
(2)  Kendriya Bhandar  
(3)  Apna Bazar 
(4)  Haryana Handloom 
(5)  Gujarat Co-operative Milk Marketing 
       Federation
(6)  Employee's Housing Societies 
The correct answer is :-

organization of commerce and management joint hindu family business and cooperative society cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation cooperative societies introduction to huf

  1. (1), (2), (3) & (6)

  2. (1), (3) & (5)

  3. (2), (4) & (6)

  4. (1) & (4)

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Correct Option: D

Kendriya Bhandar is a _______.

organization of commerce and management joint hindu family business and cooperative society cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation cooperative societies introduction to huf

  1. co-operative Credit Society

  2. consumers Co-operative Society

  3. producers Co-operative Society

  4. co-operative Marketing Society

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Correct Option: D
Explanation:

Co-operative marketing society is basically a trading firm in which all the members of the co-operative marketing form sell their product through society. e.g. Kendriya Bhandar.

Amongst all of the following which statements about co-operative business organizations is true?

organization of commerce and management joint hindu family business and cooperative society cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation cooperative societies introduction to huf

  1. All co-operative are only for public sector

  2. Profits are shared equally amongst members

  3. They are owned by government

  4. Workers have no say in decision making

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Correct Option: B