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The accounts of a Co-operative Society should be audited within --------of the close of the financial year ?->(Show Answer!)
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1. The accounts of a Co-operative Society should be audited within --------of the close of the financial year





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MCQ->The existence/establishment of formal financial institutions that offer safe, reliable and alternative financial instruments is fundamental in mobilising savings. To save, individuals need access to safe and reliable financial institutions, such as banks, and to appropriate financial instruments and reasonable financial incentives. Such access is not always available to all people in developing countries like India and more so, in rural areas. Savings help poor households manage volatility in cash flow, smoothen consumption, and build working capital. Poor households without access to a formal savings mechanism encourage immediate spending temptations. With reference to the above passage, consider the following statements: 1. Indian financial institutions do not offer any financial instruments to rural households to mobilise their savings.2. Poor households tend to spend their earnings/savings due to lack of access to appropriate financial instruments.Which of the statements given above is/are correct?....
MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. A classless society, however, does not mean a society without leaders. It means rather one in which every citizen becomes for the first time eligible for leadership, if he has the power to lead. It means a society in which every one is given, as far as possible, the chance to develop this power by the widest diffusion of educational opportunities in the broadest sense, and by keeping the career wide open to talents of every useful kind. It is often said that a community of equals will not allow itself to be led. But in fact, most men are, in most things, very willing to be led, and more in danger of giving their leaders too much than too little authority, especially if they are free to choose them, and assured that the leaders cannot exploit them for personal economic advantage leadership, so far from disappearing, will come into its own in a truly democratic society. But it is likely to be a more diffused leadership than we are used to for a better-nurtured people will have more citizens with strong wills and minds of their own, wishful to lead some in politics, some in industry, and some in professions and arts of life. This is the idea of a classless society. Some will reject it as contrary to their interest, some as utopian and against 'Human nature,' for there are some who deny, indeed if not in word, that the aim of society should be to promote the greatest happiness and welfare of the greatest number and others who hold, with pessimistic honesty, that most men must be driven and not led. What is the tone adopted by the author in this passage?....
MCQ->Statement: The Asian Development Bank has approved a $285 million loan to finance a project to construct coal ports by Paradip and Madras Port Trusts. Courses of Action: India should use financial assistance from other international financial organisations to develop such ports in other places. India should not seek such financial assistance from the international financial agencies.

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MCQ->Statements: Government has spoiled many top ranking financial institutions by appointing bureaucrats as Directors of these institutions. Conclusions: Government should appoint Directors of the financial institutes taking into consideration the expertise of the person in the area of finance. The Director of the financial institute should have expertise commensurate with the financial work carried out by the institute.

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