C. B. Gupta solutions for Commercial Applications [English] Class 9 ICSE chapter 5 - Ownership Structures - Cooperative Society [Latest edition]

The voluntary association of economically weak persons based on self-help, equality, democracy, and freedom is known as ______.

Co-operative organisation is based on the following principle -

Statement I: Service to its members in place of profits.

Statement II: Morality in place of unethical business practices.

The Indian Cooperative Society Act tells cooperative organisation is “a society which has its objective for the promotion of economic interests of its members in accordance with co-operative principles.” The co-operative principles are -

A co-operative society must be registered under the co-operative society act or a state cooperative societies law. After registration -

Statement I: The co-operative society becomes a distinct body independent of its members.

Statement II: It becomes an autonomous and self-governing organisation.

A cooperative organisation is managed by a local area basis by selecting some persons. What are their minimum and maximum number:

A member who has made greater purchases from the cooperative store will get a larger share of profit, even though his capital contribution may be small. This is known as ______.

The cooperative societies are patronised by state government.

Statement I: The government provides concessions in tax and finance, etc.

Statement II: Special privileges and exemptions are enjoyed by cooperative societies.

Which of the following is incorrect?

Such cooperative society which ensure steady supply of essential commodities of standard quality at far rice by eliminating middle man is known as ______.

A group of young professionals working in a city faces difficulty in finding affordable housing. Which type of cooperative society should they form to address this issue?

Agricultural cooperatives aim at to use improved seeds, fertilisers, irrigation, and other modern technique. Its outstanding works is -

IFFCO is one of the apex-level cooperative society. IFFCO stands for ______.

Assertion (A): Cooperative societies may face challenges in raising external capital from non-members.

Reasoning (R): Members’ capital contributions and retained earnings are primary sources of funding for cooperative societies.

Name the association of artisans and small producer which helps to improve the bargaining power and competitive position of its members -

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

Assertion (A): Cooperative societies aim to provide service to their members rather than earning profits.

Reasoning (R): Members of cooperative societies earn dividends in proportion to their capital investment.

A member of a cooperative society withdraws their membership and requests to return their shares. What does this reflect about cooperative societies?

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

Farmers in a drought-prone area are unable to get loans from traditional banks. Which cooperative society can help them with credit?

Assertion (A): Cooperative societies enjoy complete autonomy from government regulation.

Reasoning (R): Cooperative societies are subject to state control to ensure healthy functioning.

State two features of cooperative societies.

Explain the principle of ‘one man one vote’ in the context of cooperative societies.

“Membership of a cooperative society is open.” Comment.

“Cooperative societies are a method of self-help.” Discuss.

What are credit cooperatives?

Explain consumer cooperatives.

Distinguish between a cooperative organisation and a partnership.

What is meant by industrial cooperatives?

What do you understand by cooperative societies?

State two features of cooperative societies.

A group of artisans in a rural village decides to form an organization to collectively procure raw materials and market their finished goods to improve their economic position. Which type of cooperative society should they form? Explain its benefits in this scenario.

Explain the merits of a co-operative society.

Explain the demerits of cooperative societies.

What is the purpose of forming a cooperative society?

State two features of cooperative societies.

Explain the types of co-operative societies.

Distinguish between a Co-operative Society and a Joint Stock Company.

Explain how a cooperative is formed.

Members of a cooperative society pool their land and use modern agricultural techniques to increase productivity. What is this cooperative society called? How does it help in improving yield and reducing costs?

Visit any cooperative society and prepare a report on its membership and functioning.

What are the objectives of consumers’ cooperative societies?

What are the objectives of producers’ cooperative societies?

A cooperative society ensures democratic management by following the principle of “One Man, One Vote.” How does this principle contribute to the fair functioning of a cooperative society?

State the objectives of marketing cooperative societies.

“Cooperative societies are based on the principles of self-help through mutual help and each for all and all for each.” Explain.

At least ______ persons are needed to form a cooperative society.

Registration of a cooperative society is ______.

______ is the main motive of a cooperative society.

Like a company, a cooperative society is also a separate ______.

The shares of a cooperative society ______ transferable.

Explain how Amul has succeed by forming a cooperative society?

A group of small farmers in a drought-prone region decides to form a cooperative society to share resources, adopt modern irrigation techniques, and improve productivity.

Explain the type of cooperative society they should form, and the benefits it can provide to the farmers.

Enumerate the merits of consumers’ cooperative societies.