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The principle of ‘One Man, One Vote’ in cooperative societies means that voting rights are proportional to the amount of capital a member contributes. - Commercial Applications

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प्रश्न

The principle of ‘One Man, One Vote’ in cooperative societies means that voting rights are proportional to the amount of capital a member contributes.

पर्याय

  • True

  • False

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उत्तर

False

Explanation:

  • The principle of “One Man, One Vote” in cooperative societies means that every member has one equal vote, regardless of the amount of capital they contribute.
  • This ensures democratic management where no rich person holding more shares can dictate terms.
  • The principle guarantees equal voting rights to all members, promoting fairness and preventing dominance by wealthier members.
  • Voting rights are not proportional to capital contribution but are equal for each member.
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पाठ 5: Ownership Structures - Cooperative Society - EXERCISES [पृष्ठ ६३]

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सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
पाठ 5 Ownership Structures - Cooperative Society
EXERCISES | Q I. 15. | पृष्ठ ६३
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