● Statement 1 is correct and Statement 2 is incorrect: § Originally, the Right to form Cooperative Societies was not a fundamental right in India. After the 97th amendment however, the right to form cooperative societies has been added to Article 19 (Right to Freedom) of the Constitution, and has hence become a fundamental right of every Indian citizen. Reasonable Restrictions can however be made subject to maintenance of public order or morality and interests of the sovereignty and integrity of India. § The 97th Amendment also added Article 43B to the DPSPs. It requires the state to promote voluntary formation, autonomous functioning, democratic control and professional management of co-operative societies. § Additionally, the amendment added Chapter IX-B to the constitution. The chapter covers detailed provisions regarding cooperative societies in india.
M and N started a business by investing Rs.4000 and Rs.5000 respectively. After 7 months, M and N increased their investments by 30% and Rs.2400 respect...
A, B and C enter into a partnership with a capital in which A’s contribution is Rs. 16,000. If out of a total profit of Rs. 1500, A gets Rs. 500 a...
P and Q together started a business with initial investment in the ratio of 1:3, respectively. The time-period of investment for P and Q is in the ratio...
P and Q started a business by investing Rs.5600 and Rs.4000 respectively. After 4 months, Q increased his investment by a certain percentage such that a...
‘A’ and ‘B’ invested Rs. 4800 and Rs. 3200, respectively in a business, together. After 6 months, ‘A’ withdrew 35% of his initial investment...
A and B started a business with investments in the ratio of 6:7 respectively. If after one year, the profit earned by A is Rs. 3000, then find the total...
A, B and C invested in partnership. A invest Rs.8000 for 7 months, B invests Rs.6000 for 4 months and C invests Rs.12000 for 2 months. C is working part...
A and B enter into a partnership with their initial sum of Rs.35000 and Rs.40000 respectively. After 6 months, a third person C also joins them with his...
Meera starts a business with an initial investment of Rs. 12,000. After 3 months, Ankit joins the business by investing Rs. 4,000 more than Meera. After...
Mayank and Manoj started a business with investing capital in the ratio of 8:15. After 4 months, Mayank reduced his (1 )/(4 ) portion of the capital and...