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प्रश्न
Long answer type question.
Define Co-operative society. Explain its merits and demerits.
उत्तर
The word “co-operative” means “an organisation wherein the stakeholders work with one another”. Thus, a co-operative society is a voluntary association of individuals who work together to protect or promote their common interests.
Merits of a co-operative society:
i. Ease of formation: The formation of a co-operative society is quite easy, as it requires the induction of only 10 adult members. Its registration procedure under the Co-operative Societies Act 1912 is quite simple.
ii. Continued existence: A co-operative society is a stable form of organisation, as it enjoys the status of a separate legal entity. As a result, the life of a co-operative society remains unaffected by the death, insolvency or insanity of its members.
iii. Democratic management: In co-operative societies, the management is democratic in nature. This implies that every member has a voting right and the decision with maximum votes is implemented. This welcomes the participation of every member in the voting process.
Limitations of a co-operative society:
i. Excessive government control: Co-operative societies have to follow rules and regulations framed by the co-operative departments of the concerned state governments. These rules include submission and auditing of accounts.
ii. Inefficiency in management: The management of a co-operative society generally comprises part-time or inexperienced people. They may not be skilled enough to handle managerial functions effectively. Consequently, co-operative societies often lack efficiency.
iii. Limited resources: All resources available with a co-operative society are limited to the extent of capital contribution by its members. The limited availability of resources restricts its scope of expansion.
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संबंधित प्रश्न
Distinguish between the following:
Cooperative society and Partnership firm
Define Co-operative Society ?
Merits and Demerits of Co-operative Society?
Write short notes on the following:
Features of a co-operative societies
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 statement is True or False:
Maximisation of profit is the object of a co‐operative society.
Select the proper option from the options given below and rewrite the completed sentence.
The Co-operative societies act was passed in the year ____________
One member one vote' is the principle of _________ organisation.
Co-operative society and Joint stock company.
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 ________.
Select the proper option from the options given below and rewrite the completed sentence.
In a co-operative society the principle followed is ________.
Select the proper option from the options given below and rewrite the completed sentence.
The Maharashtra State co-operative societies Act was came in force in ________.
State with reasons whether the following statement true or false.
The membership of a co-operative society is voluntary.
State with reasons whether the following statement true or false.
Co-operative society differs from other forms of commercial organizations.
Write short answer of the following.
State the merits of co-operative societies.
State Whether the Following Statement Are True Or False (Give Reason)
Profit maximization is the motto or object of Co-operative Organisations.
Discuss the limitations of cooperative form of organisation.
Describe briefly different types of cooperative societies.
