Challenger App

No.1 PSC Learning App

1M+ Downloads
The objective of creating reserve fund by the co-operative society is

ATo meet unforeseen losses

BTo pay off the debt of the society

CTo pay off the debts due to government

DTo pay dividend

Answer:

A. To meet unforeseen losses

Read Explanation:

Reserve funds are maintained to safeguard the society against unexpected financial losses.


Related Questions:

Which of the following sectors in Denmark are known for co-operative success?
The oldest of the Moshavim is ---.
Robert Owen introduced communities based on cooperation and mutual benefit called:
The International Co‑operative Alliance (ICA), a key body in foreign co‑operation for Indian co‑operatives, has its headquarters at:
Hantex" was formed in the year