The members of a Co-operative Society have

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Solution

(a) Unlimited liability

(b) Limited liability

(c) Joint and Several liability

(d) Joint liability

Answer: b. Limited liability

The liability of the member of a cooperative society is limited to the amount of capital contributed by the member.

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MCQs on Cooperative Society

Cooperative Society

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In a co-operative society; there are 600 men and 400 women. An executive committee of 30 members is to be formed. The ratio of men and women in this committee is to be the same as the ratio in the whole society. How many men and how many women should be members of the committee.

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