Which of the following is not included in
ARochdale Principles
BCapital would bear fixed rate of interest
CQuality was ensured
DNone of these
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Related Questions:
What was the role of members in the Rochdale Society?
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The … committee, 1945 observed that the Act of 1912 needed revision in certain respects and recommended that the provinces in which the cooperative societies act of 1912 was in force should pass special acts keeping in view their past experience and the future needs of the movement.
Consider the following statements on voting rights as per Cooperative Societies Act, 1912. Which of the below statements are correct?
- In limited liability societies, voting right is decided by the bylaw of the society
- In societies with unlimited liability, voting right is limited to one vote per member.
- The proxy appointed by a registered society, for voting in the affairs of another society, should be its member.
Assertion (A) : The Lead Bank Scheme was introduced to improve rural banking services.
Reason (R): The Gadgil Study group found that rural areas had an adequate number of Commercial banks.