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Question
State the Types of co-operative society
Solution
Introduction: -Co-operative societies are classified into different types according to the nature of the services rendered by them. Following are the main types of co-operative societies.
- Consumer co-operative societies: - Consumer's co-operative societies make their purchase in bulk form wholesalers and supply them in small quantities to members at very reasonable prices and also provide various services to them. Members are given bonus and share in profits in proportion to their investment.
- Credit co-operative societies: -It is formed with the objective of granting loans to members at a reasonable rate of interest for productive as well as no-productive purpose. They may be established in rural areas by agriculturist or artisans called as credit societies or by salary earners or industrial workers in urban areas, called as urban banks, salary earner's societies, worker's societies.
- Producer's co-operative societies: -Producer's co-operative societies are also called industrial co-operative which provide raw material, implement tools, technical guidance, to the members on easy terms so that they can produce superior quality products.
- Marketing co-operative societies: - Marketing co-operative societies undertake centralized sale of the products produced by their members. They perform all the marketing functions standardizing, grading, branding, packing, advertising, transportation etc. and after selling the product, distribute the proceeds among members depending upon the quantity sold for each member.
- Farming co-operative societies: -These societies are formed by farmers who voluntarily come together and pool their land to jointly conduct agricultural operation using scientific methods of cultivation.
- Housing co-operative societies: - Housing co-operative societies purchase land and develop it. co-operative housing societies are formed by members for the construction and maintenance of building for residential purpose o ownership basis.
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RELATED QUESTIONS
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Cooperative society and Partnership firm
Match the correct pairs:
| Group ‘A’ | Group ‘B’ |
| (a) Co - operative Society | (1) The father of Modern Management |
| (b) ‘e’ Business | (2) President of national commission |
| (c) District Judge | (3) Not directly related to human beings. |
| (d) F.W. Taylor | (4) Outsourcing |
| (e) Staffing | (5) One share one vote |
| (6) President of District forum | |
| (7) Father of Scientific Management | |
| (8)Electronic Business | |
| (9) Right people to right jobs. | |
| (10) One member one vote. |
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 |
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.
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.
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 ________.
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.
Maximization of profit is the main motto of co-operative society.
Write short answer of the following.
State the types of Co-operative societies.
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.
How does a cooperative society exemplify democracy and secularism? Explain.
Discuss the limitations of cooperative form of organisation.
