As Per the Co-Operative Societies Act, the Term of Office

question 15

Multiple Choice

As per the Co-operative Societies Act, the term of office of a managing committee is prescribed as ______ years.

• A)two
• B)three
• C)four
• D)not exceeding five

Understand the sources and formation processes of various fossil fuels and minerals.

Recognize environmental impacts associated with the extraction and use of fossil fuels.

Identify technical challenges and solutions in nuclear and renewable energy generation.

Comprehend the environmental and safety considerations in energy production, including nuclear energy.

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Definitions:

Salvage Value

The forecasted value of an asset at the termination of its utility period.

Repair And Maintenance

Activities and expenses associated with restoring or maintaining the operational functionality of assets or property.

Depreciation Method

A systematic approach for allocating the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Sum-Of-The-Years'-Digits

A method of accelerated depreciation calculating an asset's depreciation expense based on its remaining useful life, leading to higher depreciation charges in the early years.