Business And Commerce - Study Mode

[#431] "All for each and each for all" statement is applicable to:
Correct Answer

Company form of business

[#432] As per the Consumer Protection Act, who among the following is NOT regarded as Consumer?
Correct Answer

(D) Who obtains goods for resale

[#433] What is the time limit for filing a complaint to the District Forum?
Correct Answer

(B) Two years

[#434] A partner under his 'Implied Authority' can
Correct Answer

(C) defend any suit filed against the firm

[#435] The primary aim of co-operative is to ________.
Correct Answer

(B) serve the members

Explanation

Solution: The primary aim of co-operative is to serve the members. The main purpose of a Co-operative Society is to provide service to its members. It also provides better quality goods to its members and the general public.