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How does a cooperative society exemplify democracy and secularism? Explain. - Business Studies

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प्रश्न

How does a cooperative society exemplify democracy and secularism? Explain.

संक्षेप में उत्तर

उत्तर

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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अध्याय 2: Forms of Business Organisation - Short Answer Questions [पृष्ठ ५६]

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एनसीईआरटी Business Studies [English] Class 11
अध्याय 2 Forms of Business Organisation
Short Answer Questions | Q 4 | पृष्ठ ५६

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संबंधित प्रश्न

Distinguish between the following:

Cooperative society and Partnership firm


State the Types of co-operative society


Write short notes on the following:

Features of a co-operative societies


Co‐operative society and Joint Hindu family firm.


State with reasons, whether the following statement is True or False:

Maximisation of profit is the object of a co‐operative society.


Distinguish between the following 
(1) Co-operative society and Joint stock company.


Write short answer of the following.
State the features of co-operative society


State Whether the Following Statement Are True Or False (Give Reason)

The main purpose of a cooperative organization is to earn profit.


Co-operative society and Joint stock company.


Select the proper option from the options given below and rewrite the completed sentence.
In a co-operative society the principle followed is ________.


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.


Long answer type question.
Define Co-operative society. Explain its merits and demerits.


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.


Discuss the limitations of cooperative form of organisation.


Describe briefly different types of cooperative societies.


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