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Question
How does a cooperative society exemplify democracy and secularism? Explain.
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Solution
In a cooperative society, management is in the hands of a managing committee elected by the members of the society. The elections in such societies are governed by the principle of ‘one member, one vote’. This implies that all members have equal voting rights irrespective of the amount of capital they have contributed to the society. This principle prevents the dominance of the richer members (who may own a higher number of shares) in the decision-making process. Thus, as in a democracy, a cooperative society treats all its members equally and provides equal rights to its members. Moreover, there is no discrimination among the members on the basis of their religion, caste or sex. In addition, the members are free to elect the members of the managing committee of their choice. Therefore, a cooperative society exemplifies a secularist system.
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Define Co-operative Society ?
Merits and Demerits 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.
Select the proper option from the options given below and rewrite the completed sentence.
The Co-operative societies act was passed in the year ____________
State Whether the Following Statement Are True Or False (Give Reason)
The main purpose of a cooperative organization is to earn profit.
One member one vote' is the principle of _________ organisation.
Co-operative society and Joint stock company.
(1) Minimum ................ members are required for the formation of a co-operative society.
Select the proper option from the options given below and rewrite the completed sentence.
In a co-operative society the principle followed is ________.
Select the proper option from the options given below and rewrite the completed sentence.
The Maharashtra State co-operative societies Act was came in force in ________.
Write a word or a phrase or a term which can substitute the following.
The business organization which has minimum ten members.
Write short note on the following.
Merits of Co-operative society.
State with reasons whether the following statement true or false.
The membership of a co-operative society is voluntary.
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.
Distinguish between: Co-operative Society and Joint Stock Company
Describe briefly different types of cooperative societies.
