1.

What is the principle to be followed in a cooperative society?A. Multiple votesB. One man one voteC. No voteD. One share one vote1. A 2. C 3. B 4. D

Answer» Correct Answer - Option 3 : B 

The correct answer is B.

  • The word 'cooperative' means 'working together'.
  • This means that individuals who want to work together for the same economic purpose can form a committee. This is called a 'cooperative society'.
  • No member of the cooperative works for 'personal profit'.
  • All its members collect their resources and make maximum use of them, which they share among themselves.
  • The primary purpose of a cooperative society is to "serve its members".
  • A member has the right to vote "only one vote" irrespective of the number of shares he has.


Discussion

No Comment Found

Related InterviewSolutions