Choose the correct statement(s) regarding Non-Profit Organisations (NPOs).
Non-profit organisations are legally exempt from paying taxes due to their social or public service objectives.
Non-profit organisations distribute excess profits to shareholders to ensure financial sustainability.
A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
Related Questions:
Match the following organizations with their examples.
i. Public Sector Organization a. Wipro
ii. Private Sector Organization b. ONGC
iii. Non-Profit Organization c. Akshaya Patra Foundation
iv. Multinational Corporation d. Reliance
Which form of organization listed is not governed by any specific law or act?
Consider the following statements about private sector organisations:
i. They can be small-scale, medium-scale, or large-scale entities.
ii. They offer greater job security compared to public sector organisations.
iii. Their capital is raised through private investments, loans, or issuing shares.
Which of the statements given above is/are correct?
Consider the following statements about non-profit organisations:
i. They are value-based and focus on public or social purposes.
ii. They are required to distribute excess funds to their employees.
iii. Examples include organisations like Akshaya Patra and HelpAge India.
Which of the statements given above is/are correct?
Choose the correct statement(s) regarding Private Organisations.
Private organisations can include entities like sole proprietorships, partnerships, and multinational corporations.
The New Economic Policy of 1991 restricted private sector participation in most Indian industries.
