Question

Provision of residential accommodation to the members at reasonable rate is the objective of

Options

• Producer's cooperative

• Consumer's cooperative

• Housing cooperative

• Credit cooperative

Answer 1

A housing cooperative has the responsibility of ensuring the provision of residential accommodation to the members at a reasonable rate. A housing cooperative aims at providing accommodation to its members by constructing houses and giving them the option of paying the cost in installments.

Hence, the correct answer is option Housing cooperative.