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Question
Write short note on the following.
Merits of Co-operative society.
Solution
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 process is also simple.
ii. Continued existence: A co-operative society is a stable form of organisation, as its existence remains unaffected by the
death, insolvency or insanity of its members.
iii. Equal voting rights: There is equality in voting rights, as it follows the policy of “one member, one vote”.
iv. Limited liability: The degree of liability of a member is limited to the amount of capital contributed by him or her.
v. Open membership: Membership of a co-operative society is open to all persons; caste, creed, religion or sex is no bar to
membership.
vi. Democratic management: The management of a co-operative society is democratic in nature, as it is managed and
controlled by a managing committee formed by its members.
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RELATED QUESTIONS
Distinguish between the following:
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?
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.
Distinguish between the following
(1) Co-operative society and Joint stock company.
Select the proper option from the options given below and rewrite the completed sentence.
The Co-operative societies act was passed in the year ____________
State Whether the Following Statement Are True Or False (Give Reason)
The main purpose of a cooperative organization is to earn profit.
One member one vote' is the principle of _________ organisation.
Co-operative society and Joint stock company.
(1) Minimum ................ members are required for the formation of a co-operative society.
Write a word or a phrase or a term which can substitute the following.
The business organization which has minimum ten members.
Write short answer of the following.
State the types of Co-operative societies.
Write short answer of the following.
State the merits of co-operative societies.
Long answer type question.
Define Co-operative society. Explain its merits and demerits.
Distinguish between: Co-operative Society and Joint Stock Company
How does a cooperative society exemplify democracy and secularism? Explain.
Discuss the characteristics of cooperative form of organisation.
