Home › Bihar Board Class 12 (Commerce) › Business Studies › Forms of Business Organisation › Membership of a cooperative society is of what n…
Membership of a cooperative society is of what nature?
ARestricted by religion
BCompulsory for villagers
CVoluntary and open to all
DHereditary by birth
Answer & Solution
Correct answer: C. Voluntary and open to all
A person can join or leave freely, irrespective of religion, caste and gender.
Related questions
Ease of transferring ownership is greatest in which form, leaving out private companies?From an investor's viewpoint, which form is more suitable as its risk is limited?For a business needing a permanent structure, which form is more suitable?Which form of business is least expensive to set up?Why does a private company not need to issue a prospectus?Which words must a private company use after its name?What is the minimum number of members needed to form a public company?Free transfer of shares does not apply to which type of company?