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

One-third

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One-fourth

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One-half

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One-tenth

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Solution

The correct option is B One-fourth
According to Indian Cooperative Societies Act, 1912 it is the responsibility of every type of cooperative society to transfer at least one-fourth of their profit to gerenal reserve in case of future uncertainties.

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