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Question

An association which is formed to promote art, cultural activities, etc is a ________ .

A
Joint stock company
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B
Sole proprietorship
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C
Non-profit Association
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D
None of these
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Solution

The correct option is B Non-profit Association
An association which is formed to promote art, cultural activities rather than focusing on earning profits is known as Non-profit association. For example: Rotary club, as it does not aim at earning profits rather focuses on social welfare.

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