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Question
Justify the following statement.
Co-operative society follows democratic principles.
Solution
- The members of a Co-operative organisation form the general body which manages the co-operatives. This body exercises power through annual general meetings. They elect their representatives who look after the day to day management which is collectively known as Managing Committee.
- ‘One member One vote’ is the principle followed by Co-operative Societies.
- All these denote that it follows democratic principles.
- Thus, Co-operative society follows democratic principles.
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RELATED QUESTIONS
State True or False:
The main motto of co-operative society is to render services to its shareholders.
State True or False:
The membership of a co-operative society is compulsory.
Find the odd one.
Find the odd one.
Complete the sentence.
The management of Co-operative society is based on _______________.
Complete the sentence.
The rule for voting in Co-operative society is __________.
Complete the sentence.
Consumer’s co-operatives are formed by the _______.
Explain the following term/concept:
Co-operative Society.
Explain the following term/concept:
Managing Committee.
Answer in brief.
Describe any four types of Co-operative Society.
Justify the following statement.
The liability of Co-parceners is limited in ‘Joint Hindu Family Business’.
Attempt the following:
Explain various types of Co-operative Society.
Attempt the following:
Describe the features of the Co-operative Society.
