Advertisements
Advertisements
Question
Justify the following statement.
Co-operative society follows democratic principles.
Advertisements
Solution
- The members of a Co-operative organisation form the general body which manages the co-operatives. This body exercises power through annual general meetings. They elect their representatives who look after the day to day management which is collectively known as Managing Committee.
- ‘One member One vote’ is the principle followed by Co-operative Societies.
- All these denote that it follows democratic principles.
- Thus, Co-operative society follows democratic principles.
APPEARS IN
RELATED QUESTIONS
State True or False:
The main motto of co-operative society is to render services to its shareholders.
State True or False:
The membership of a co-operative society is compulsory.
Find the odd one.
Find the odd one.
Complete the sentence.
The rule for voting in Co-operative society is __________.
Complete the sentence.
The face value of the shares of Co-operative society is very _______.
Complete the sentence.
Consumer’s co-operatives are formed by the _______.
Answer in one sentence.
What do you mean by co-operative Society?
Explain the following term/concept:
Co-operative Society.
Distinguish between a Co-operative Society and a Joint Stock Company.
Answer in brief.
Describe any four types of Co-operative Society.
Justify the following statement.
The main objective of Co-operative society is to provide services to its members.
Attempt the following:
Explain various types of Co-operative Society.
Explain the merits of a co-operative society.
Explain the types of co-operative societies.
What is a key feature of the management in a cooperative society?
Which of the following is a prominent real-life example of a cooperative society in India?
Which feature ensures every member in a cooperative society has an equal say in decision-making?
