An association which is formed to promote art, cultural activities, etc is a ________ .
A
Joint stock company
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Sole proprietorship
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Non-profit Association
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
None of these
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.