1.No additional compensation other than per diems shall be paid to a director of a cooperative during ___ of existence of any cooperative.

a.First year

b.First 2 years

c.First 3 years

d.First 5 years

2.An elected officer of a cooperative may be removed by __ a vote of all members with voting rights present and constituting a quorum in a meeting called for the purpose

a.1/2

b.+1

c.2/3

d.

3.Who approves any assignment of share capital contribution or interest?

a.General assembly

b.Board of directors

c.Executive committee

d.Membership committee

4.A cooperative may be dissolved if 1 has not commenced business and its operation within years after the issuance of its certificate of registration

a.2

b.3

c.4

d.5

5.The amount allocated to the community development fund of the cooperative shall not be more than of the net surplus

a.7%

b.10%

c.3%

d.5%