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Write Short Notes on the Following:Features of a Co-operative Societies - Organisation of Commerce and Management

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प्रश्न

Write short notes on the following:

Features of a co-operative societies

उत्तर

The Features of cooperative societies are listed below :
1. Registeration : Cooperative societies are registered under the Cooperative Societies Act 1912. After
registeration a cooperative society acquires a separate legal entity.
2. Voluntary membership : It is a voluntary association of persons who are atleast 18 years of age and have a
common interest. A person can join and leave the cooperative society at any time according to their free will.
3. Democratic management : In case of cooperative society 'one person, one vote' is followed irrespective of
number of shares held by him. and all the decisions are taken by the members of the society on the basis of
majority.
4. Service motive : Main motive of a cooperative society is to provide service to its members. Surplus if
generated, is distributed as dividend among members according to the bye laws of society.
5. Limited Liability : Liability of members is limited to the amount contributed by them as capital in society.

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2017-2018 (March)

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संबंधित प्रश्न

Distinguish between the following:

Cooperative society and Partnership firm


State the Types of co-operative society


Merits and Demerits of Co-operative Society?


Match the correct pairs:

  Group “A”   Group “B”
1 Co‐operative society a Manager
2 F.W. Taylor b 12 hours service
3 Directing function c One member one vote
4 A.T.M. d Government owned
5 Rail transport e Father of scientific management
    f 24 hour service
    g Owned by private companies
    h Father of modern management
    i Maximum business secrecy
    j Worker

 


State with reasons whether the following statements are True or False

Co-operative soc iety differs from.other forms of commercial orge1nisations.


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.
The minimum of members allowed in a co-operative society is ________.


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.

Maximization of profit is the main motto of co-operative society.


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


Explain the Types of Co-operative Society?


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.


Describe briefly different types of cooperative societies.


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