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Which of the following is a statutory reserves?

ACommon good fund

BBuilding fund

CCo-operative member relief fund

DDividend equilization funds

Answer:

C. Co-operative member relief fund


Related Questions:

The section of KCS Act that deals with the restrictions on the rate of dividend
Sec 56 (1)c & Rule 53 A of KCS Act deals with ?
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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.
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