GK
CO OPERATION CO OPERATIVE SOCIETIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Production bonus is given by ____ societies
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Diary
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Farming
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Consumer
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Marketing
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Explanation:
Detailed explanation-1: -Bonus may be calculated at 8.33% and Ex-gratia at 1.67%, subject to the salary ceiling limit of Rs. 3, 500/-and in relaxation of the eligibility salary ceiling of Rs. 10, 000/-as per the Payment of Bonus Act, 1965.
Detailed explanation-2: -No person shall exercise the rights of a member of a society, until he has made such payment to the society in respect of membership, or acquired such interest in the society, as may be prescribed by the rules, or the by-laws of such society.
Detailed explanation-3: -Open membership.-(1) No society shall, without sufficient cause, refuse admission to membership to any person duly qualified therefor under the provisions of this Act and its by-laws.
There is 1 question to complete.