| Consider the following statement(s) |
| I. A cooperative society is managed by a committee consisting of office-bearers elected by the members. |
| II. Their office bearers may not be competent and experienced. |
| III. A cooperative society cannot afford to employ expert professional managers at high salaries due to limited funds. |
| Which of the statement(s) given above is/are correct |
A) I and II
B) II and III
C) I and III
D) All of these
Correct Answer: D
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