CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Relief and Redressal
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon