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The maxmimum permissible borrowing power of a Co-operative society is :

A50 times of its paid up share capital

B150 percent of its owned funds

Cdouble the amount of net worth

D150 times its owned funds

Answer:

D. 150 times its owned funds


Related Questions:

The section of KCS Act, that specifies about the restrictions of Co-operative Society on borrowing.
Non Banking Assets are Disposed within --- years from the date of acquisition, with the prior sanction of General body and registrar.
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Sec 56 (1)c & Rule 53 A of KCS Act deals with ?