Cooperative organisation

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  • Q1

    A Joint Stock company is managed by

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    Answer:

    board of directors.

    Explanation:

    A Joint Stock company is managed by elected Board of Directors and a Cooperative Society is managed by elected Managing Committee.

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  • Q2

    A feature of a Cooperative Society does not include

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    Answer:

    unlimited return on capital.

    Explanation:

    Feature of a Cooperative Society does not include unlimited return on capital. There is limited return on capital.

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  • Q3

    Audit of the annual accounts of a Cooperative Society is organised by

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    Answer:

    managing committee.

    Explanation:

    Audit of the annual accounts of a Cooperative Society is organised by Managing Committee.

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  • Q4

    Adarsh Credit Co-operative Society Ltd was founded in January

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    Answer:

    1999.

    Explanation:

    Adarsh Credit Co-operative Society Ltd was founded in January 1999 in Sirohi, Rajasthan.

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  • Q5

    Organisation which requires a lot of statutory and legal formalities is

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    Answer:

    joint stock company.

    Explanation:

    Organisation which requires a lot of statutory and legal formalities is a Joint Stock Company. A Cooperative Society has a very few legal formalities.

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