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The cooperative societies are patronised by state government. Statement I: The government provides concessions in tax and finance, etc. - Commercial Applications

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Question

The cooperative societies are patronised by state government.

Statement I: The government provides concessions in tax and finance, etc.

Statement II: Special privileges and exemptions are enjoyed by cooperative societies.

Options

  • Both I and II statements are correct.

  • Only statement I is correct.

  • Only statement II is wrong.

  • Can’t say.

MCQ
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Solution

Both I and II statements are correct.

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Chapter 5: Ownership Structures - Cooperative Society - EXERCISES [Page 63]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 5 Ownership Structures - Cooperative Society
EXERCISES | Q I. 7. | Page 63
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