Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 2 Forms of Business Organisation with Answers Pdf free download. Free PDF download of NCERT Solutions for Class 11 Business Studies Chapter 10 Internal Trade solved by Expert Teachers as per NCERT (CBSE) Book guidelines. Practicing these Forms of Business Organisation Class 11 Business Studies MCQs Questions with Answers really effective to … The cooperative insurance society can also be organized for issuing policies of a small amount. Features of Co-operative Society. A co-operative society can be formed by alteast 10 adult members. Co-operative societies have contributed significantly in freeing villagers from money lenders. Service: The co-operative society provides service to the members of the society. 10. 12. A co-operative society is a special type of business organisation, its characteristics are as under: Open membership: The membership of a Co-operative Society is open to … 11. ... Co-operative Society (b) Joint Stock Company (c) Joint Hindu Family (d) Partnership Answer: 1. Rural credit. Cooperative Bank-Cooperative Banks are undertaken by the State Cooperative Societies Act and gives cheap credit to their members. 11. 12. Voluntary association: Every one having a common interest is free to join a co-operative society and can also leave the society after giving proper notice. A co-operative society is formed and registered under the Co-operative Societies Act, ... Consumers Co-operative Societies. We have compiled NCERT MCQ Questions for Class 11 Business Studies Chapter 2 Forms of Business Organisation with Answers Pdf free download. NCERT Solutions For Class 11 Business Studies Forms of Business Organisation. It may bargain with a sound insurance company for a lower premium. It is an association of persons who voluntarily pool their resources for utilizing them for the mutual welfare of members itself. Let us discuss its characteristics. Cooperative society 1. Cyrus - Credit Cooperative Society Software - Well-known & Leading Software Service Provider from Jaipur, India, we provide Automated Multi State Credit Cooperative Society Software, Nidhi Software, RD FD, MIS, and Accounting Software. This type of society aims at ensuring steady supply of consumer goods and services of standard quality at reasonable prices to their members. 1.0.1 Compare the status of a minor in a Joint Hindu Family Business with that in a partnership firm. Various types of cooperative societies based on the nature of their operations are mentioned below: A. Consumer’s cooperative societies B. Producer’s cooperative societies C. Marketing cooperative societies D. Farmer’s cooperative societies E. Credit cooperative societies F. Cooperative housing societies 4. NCERT Solutions Class 11 Business Studies Chapter 2 Forms of business organisation. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. A cooperative society may also be defined as a business owned and controlled … A cooperative society may also be defined as a business owned … All Chapter wise Questions with Solutions to help you to revise complete Syllabus and Score More marks in your examinations. 1] Active Partner/Managing Partner The organization should be stable in nature to earn a profit for society. Low taxes. As regards banking business, the society must follow the guidelines set and issued by the Reserve Bank of India. These societies enable the middle class and even the poor people to own houses. A co-operative society is a special type of business organization different from other forms of business organization you have learnt earlier. PRESENTED BY:- INDU BHUSHAN PRASAD(52) 2. 12. 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