Question

For which of the following purpose the Co-operative Development and Welfare Fund shall be utilized:

• A. To redeem the debts of the deceased borrowers of societies B)
• B. To pay salary to the employees of societies in loss
• C. To refund the deposits of deceased depositors of societies
• D. For the development activities of the societies and safeguarding the interests of the soieties against any loss

Answer 1

Answer:

D. For the development activities of the societies and safeguarding the interests of the soieties against any loss

The Co-operative Development and Welfare Fund is meant to: Support development activities of co-operative societies Protect the interests of societies against financial losses It is not used for paying salaries, redeeming debts, or refunding deposits of deceased members.