Question

The following statements are related to nature of state aid to cooperative societies. You are required to identify the incorrect statements (s) related to the source of fund available to cooperatives given below.

1. The Government may subscribe to share capital of society with limited liability only.
2. The Government is not entitled to dividend on shares of any such society.
3. The Government may provide financial assistance to a society for the purchase of shares in other societies with limited liability.
4. Principal State Partnership Fund is provided by Apex Societies to Central Societies.

• A. i, iv
• B. i, iii
• C. ii, iv
• D. All

Answer 1

Answer:

C. ii, iv

• The incorrect statements related to the source of fund available to cooperatives are :

1. The Government is not entitled to dividend on shares of any such society.

2. Principal State Partnership Fund is provided by Apex Societies to Central Societies.