Question

% of net profit (not exceeding ₹11 lakh) to be remitted towards member relief fund:

• A. 5%
• B. 10%
• C. 15%
• D. 25%

Answer 1

Answer:

B. 10%

By co-operative regulations, 10% of net profit (capped at ₹11 lakh) is allocated to the Member Relief Fund.