SEMESTER-I- BUSINESS ORGANISATION- MCQs on Cooperative Society
MCQs on Cooperative Society Cooperative societies are formed with the aim of helping their members. This type of business organisation is formed mainly by weaker sections of the society in order to prevent any type of exploitation from the economically stronger sections of the society. Following are some of the Cooperative society multiple choice questions and answers that will help the students in brushing up their understanding of the concept. Q1. Co-operative movement first started in (a) England (b) France (c) Spain (d) Germany Answer: a Q2. In India, the Co-operative Societies Act was passed in which year? (a) 1919 (b) 1949 (c) 1904 (d) 1912 Answer: d Q3. The members of a Co-operative Society have (a) Unlimited liability (b) Limited liability (c) Joint and Several liability (d) Joint liability Answer: b Q4. Co-operatives in India follow this type of organisation structure (a) Centralized Structure (b) Decentralized Structure (c) Unitary Structure (d) Federal Structure Answer...