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Question
Describe briefly different types of cooperative societies.
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Solution
Types of Cooperative Societies
Cooperative societies are classified into the following six types.
(a) Consumer cooperative societies: These are formed to provide consumer goods at reasonable prices to its members.
(b) Producer cooperative societies: The objective of producer cooperative societies is to procure raw materials and other inputs at low costs and supply them to small producers.
(c) Marketing cooperative societies: These societies pool the outputs of the member and perform certain marketing functions for them such as transportation, labelling, packaging and warehousing.
(d) Farmers’ cooperative societies: Such societies are formed by small farmers who pool their resources to reap the benefits associated with large-scale operations. These societies ensure the availability of better and advanced inputs at low rates to farmers.
(e) Credit cooperative societies- These societies ensure the availability of funds to its members at comparatively low interest rates on reasonable terms.
(f) Cooperative housing societies: The aim of housing cooperative societies is to solve the problem of finding residential accommodation of its members by constructing houses for them. These societies provide its members with easy repayment schemes through which the cost of the houses can be repaid in form of installments.
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RELATED QUESTIONS
Distinguish between the following:
Cooperative society and Partnership firm
Match the correct pairs:
| Group ‘A’ | Group ‘B’ |
| (a) Co - operative Society | (1) The father of Modern Management |
| (b) ‘e’ Business | (2) President of national commission |
| (c) District Judge | (3) Not directly related to human beings. |
| (d) F.W. Taylor | (4) Outsourcing |
| (e) Staffing | (5) One share one vote |
| (6) President of District forum | |
| (7) Father of Scientific Management | |
| (8)Electronic Business | |
| (9) Right people to right jobs. | |
| (10) One member one vote. |
Define Co-operative Society ?
Write short notes on the following:
Features of a co-operative societies
State with reasons whether the following statements are True or False
Co-operative soc iety differs from.other forms of commercial orge1nisations.
Write short answer of the following.
State the features of co-operative society
State with reasons whether the following statements are True or False.
Maximization of profit is the main motto of co-operative society.
One member one vote' is the principle of _________ organisation.
Co-operative society and Joint stock company.
Write a word or a phrase or a term which can substitute the following.
The business organization which has minimum ten members.
State with reasons whether the following statement true or false.
Co-operative society differs from other forms of commercial organizations.
State with reasons whether the following statement true or false.
Maximization of profit is the main motto of co-operative society.
Write short answer of the following.
State the types of Co-operative societies.
Write short answer of the following.
State the merits of co-operative societies.
Explain the Types of Co-operative Society?
State Whether the Following Statement Are True Or False (Give Reason)
Profit maximization is the motto or object of Co-operative Organisations.
Discuss the characteristics of cooperative form of organisation.
Discuss the merits of cooperative form of organisation.
