Question

Which among the following is not an example of Non Statutory Reserve ?

• A. Reserve Fund
• B. Agricultural Credit Stabilisation Fund
• C. Bonus
• D. Common Good Fund

Answer 1

Answer:

A. Reserve Fund

Statutory Reserve

• Reserve Fund - Sec 56(1) A / Rule 53(1)

• Cooperative Education Fund - Sec 56(1) B / Rule 53 (2)

• Cooperative Member relief fund - Sec 56 (1)c / Rule 53 A

Non Statutory Reserve

• Sec 56 (2) A - Dividend 

• See 56 (2) B - Bonus 

• Sec 56 (2) C - Agricultural Credit Stabilisation Fund 

• Sec 56 (2) D - Common Good Fund