……… of the surplus of co-operative credit societies should be allotted to reserve fund.

Related MCQs

• Under Co-operative Credit Societies Act 1904, the liability of rural societies are …………………..
• Under Co-operative Credit Societies Act 1904, the liability of urban societies are …………………..
• …………… was permitted to use their discretion in making rules and byelaws of the societies under Co-operative Societies Act 1912.
• As per Madras Co-operative Societies Act, the audit of the societies must be done by …………..
• The maximum number of members of the committee shall not exceed ………. in the case of societies other than primary societies.
• An amount not less than ………… of net profit is to be transferred to the reserve fund.
• In 1901 …………………. Commission recommended the starting f co- operative credit -societies to tackle the problem of rural farmers
• The first Co-operative Credit Societies Act was passed in ………………
• The Co-operative Credit Societies Act 1904 contains …………… Sections
• Section 3 of the Co-operative Credit Societies Act 1904 is concerned with ……