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Question
State with reasons, whether the following statement is True or False:
Maximisation of profit is the object of a co‐operative society.
Options
True
False
Solution
This Statement is False.
- A co-operative society is a voluntary association of people who come together on the basis of unity and equality to protect and promote their common economic interests.
- The nature of the co-operative organization is service-oriented. Each for all and all for each is the principles of a co-operative society.
- A co-operative society is a society which has its objectives for the promotion of economic interests of its members in accordance with co-operative principles.”(Indian Co-operative Societies Act1912)
- Thus the motto or object of a Co-operative Organisation is not to earn profit but to render service to its members.
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RELATED QUESTIONS
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.
Write short answer of the following.
State the features of co-operative society
State with reasons whether the following statements are True or False.
Maximization of profit is the main motto of 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 ____________
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 short answer of the following.
State the types of Co-operative societies.
Distinguish between: Co-operative Society and Joint Stock Company
Explain the Types of Co-operative Society?
How does a cooperative society exemplify democracy and secularism? Explain.
Discuss the limitations of cooperative form of organisation.
