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A cooperative society can refuse membership to individuals based on their economic status. - Commercial Applications

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Question

A cooperative society can refuse membership to individuals based on their economic status.

Options

  • True

  • False

MCQ
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Solution

False

Explanation:

A cooperative society cannot refuse membership to individuals based on their economic status. One of the fundamental characteristics of a cooperative society is that membership is open and voluntary, and it is based on equality and democratic principles. Membership is open to all individuals regardless of their economic background, caste, creed, religion, or political affiliation. This principle ensures inclusivity and universal brotherhood within cooperatives.

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Chapter 5: Ownership Structures - Cooperative Society - EXERCISES [Page 64]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 5 Ownership Structures - Cooperative Society
EXERCISES | Q I. 18. | Page 64
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