Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf Chapter No 08

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01	Principles of Commerce ICOM Mcqs Chapter 01	02	Principles of Commerce ICOM Mcqs Chapter 02
03	Principles of Commerce ICOM Mcqs Chapter 03	04	Principles of Commerce ICOM Mcqs Chapter 04
05	Principles of Commerce ICOM Chapter 05	06	Principles of Commerce ICOM Chapter 06
07	Principles of Commerce ICOM Mcqs Chapter 07	08	Principles of Commerce ICOM Mcqs Chapter 08
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15	Principles of Commerce ICOM Mcqs Chapter 15	16	Principles of Commerce ICOM Mcqs Chapter 16
17	Principles of Commerce ICOM Mcqs Chapter 17	18	Principles of Commerce ICOM Mcqs Chapter 18
19	Principles of Commerce ICOM Mcqs Chapter 19	20	Principles of Commerce ICOM Mcqs Chapter 20

Chapter # 08

Co-operative Society

Encircle the most appropriate answer from the following options

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1 The basic aim of a co-operative society is:

1. To store goods
2. The welfare of members of society
3. To earn profit 
4. All the above

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2. Co-operative society started in:

1. 1840
2. 1844
3. 1845
4. 1850

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3. In Pakistan, a co-operative society is established under the following act:

1. 1920
2. 1925
3. 1930
4. 1935

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4. Who provides the capital for co-operative society:

1. Government   
2. Members
3. Banks
4. None of these

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5 What are the capital sources of co-operative society:

1. Fee of members        
2. By selling shares to members
3. Both (a) and (b)
4. National and international institutions

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6. A cooperative society is established by:

1. government institutions
2. Financially weak consumer
3. Capitalists       
4. All the people

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7. The minimum number of members in a co-operative society:

1. Two    
2. Twenty
3. Five    
4. Ten

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8. What is excluded from a co-operative society:

1. Consumer      
2. Capitalist
3. Retailer
4. Wholesaler

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9. The price of the share of society is:

1. Equal to the face price        
2. Less than the face price
3. Above the face price 
4. All the above

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10. Maximum number of members in a co-operative society:

1. Ten     
2. Fifty
3. Twenty           
4. None of these

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11.The shares of a cooperative society can be transferred

1. After 6 months           
2. At any time
3. All are wrong  
4. After 1 year

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12. The management committee of society is elected by

1. Shareholders
2. The will of one person
3. Government   
4. All are correct

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13. If a co-operative society is working in more than one province, then it is registered under the Act of:

1. 1925   
2. 1932
3. 1913
4. 1942

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14. Who cannot be a member of co-operative society:

1. Govt. Servant
2. Minor person
3. Illiterate person           
4. None of these

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15. The liability of shareholders in co-operative society is:

1. Limited
2. Unlimited
3. Both (a) and (b)
4. None

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16. The shares of cooperative society:

1. Can be sold in market
2. Can be used as security
3. Cannot be sold in market
4. All are correct

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