App Logo

No.1 PSC Learning App

1M+ Downloads

Consider the following statements on voting rights as per Cooperative Societies Act, 1912. Which of the below statements are correct?

  1. In limited liability societies, voting right is decided by the bylaw of the society
  2. In societies with unlimited liability, voting right is limited to one vote per member.
  3. The proxy appointed by a registered society, for voting in the affairs of another society, should be its member.

    AAll are correct

    Biii only correct

    CNone of these

    Di only correct

    Answer:

    A. All are correct

    Read Explanation:


    Related Questions:

    What role do Micro, Small and Medium Enterprises (MSMEs) play in country's economic growth and Industrial Development?

    1. Such institutions help in distribution of income in a wide spectrum and do not allow it to get concentrated in few hands or in few areas.
    2. They have the capacity to absorb skilled and unskilled labor available in the country.
    3. They help in the eradication of poverty by providing self-employment opportunities.

      What are the fundamental points on which capitalism depends

      1. Right of freedom
      2. Right of Contract
      3. Right of inheritance
      4. Right of personal gain
        All India Handloom Development Board came into being in the year
        Ramesh wants to transfer Rs 5000 from Bank A to Bank B by cheque. Ramesh should write a cheque from the cheque book of Bank A and with deposit it in Bank B a cheque deposit slip. In whose name, Should Ramesh write the Cheque?
        Under social infrastructure, lending loans up to a limit of Rs. ---- per borrower for building Health care facilities including under ‘Ayushman Bharat’ in Tier ll to Tier VI centers is now classified under Priority Sector