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:
Identify the correct statement(s) regarding Proprietorship Firm
Consider the following propositions in connection with public sector organizations:
(i) Public sector organizations are primarily owned and controlled by central, state, or local government bodies.
(ii) The primary objective of public sector organizations is to generate profit for the government.
(iii) Public sector organizations provide employment benefits such as job security, housing, and retirement benefits.
(iv) Public sector organizations operate in areas like police, military, healthcare, and education.
Which of the following is correct?
With reference to Non-Profit Organisations, which of the following statements are correct?
NPOs are expected to be value-based and serve public or social purposes.
They are legally required to distribute profits to shareholders.
Examples include organisations like Pratham and Teach For India, which focus on education.
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 statements are correct about Private Limited Company ?
