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From the following statements, which statement is viable to the central cooperative bank?

  1. The share capital when compared to the total working capital is too small.
  2. They failed in mobilising deposits, instead they depended on the apex bank
  3. Banking and non banking activities were mixed which was against the banking Principles
  4. To act as a balancing center for resources for primary societies.

    A1 only

    BAll of these

    CNone of these

    D2 only

    Answer:

    B. All of these

    Read Explanation:

    .

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    With reference to cooperative societies, consider the following statements:

    1. A cooperative Society is a volantary. association of persons.
    2. Cooperative Societies are not driven by economic interests
    3. Cooperatives in all states in India are Soley formed under the Co-operative Societies Act, 1912.
    4. To form a cooperative society at least ten Persons are required.

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      1. He has held that share for at least one year.

      2. He has held that share for at least 6 months.

      3. The transfer and change are made to the society or to a member of the society.

      4. The transfer and change are not made to the society or to a member of the society.

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      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.
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