Societies the overdues of which exceed 40% and which are moribund are to be classified as ………………..

Related MCQs

• In ………………………. Central Banks, the arrears under principal may exceed 20% but should not exceed 40% of the demand. There may be interest overdues but it should not exceed 10% of the demand.
• In ………………………………..Central Banks, the overdues under principal exceed 60% of the demand and under interest exceed 15% of the demand.
• In the case of non trading societies such as Co-operative Education Societies, hospital, societies and similar other types of societies, which do not undertake trading activities, it is common to term the “Profit and Loss Account” as…………..
• The overdues in a……………… Class Society should not be above 25%.
• The overdues in a ‘B’ Class Society should not be above………….
• In ……………………….. Central Banks, the arrears under principal should not exceed 20% of demand and arrears under interest should not exceed 5% of the demand.
• In manufacturing and processing societies by-products may be valued at their ……………………..
• In farming societies producing crops with an annual cycle the basis of valuation of by products may be …………………
• A statement which contains a classified summary or list of all closing balances of the General Ledger is known as the ………………….
• A ……………………. institution is a voluntary association of independent economic units, organized, capitalized and run by, and for its members, providing and/or marketing goods and services on cost-to-cost basis to their members.