Question

State, with reasons, whether following statements are True or False.
1. Non-profit Association means an institution formed for making reasonable profit. F
2. A Sports Club is a Co-operative Society.
3. A company whose capital is more than Five crores must appoint full time secretary.
4. Personal Secretary must be an individual.
5. Government department is a commercial organization.​

Answer 1

Explanation:

1) false

2) true

3) false

4) false

5) true