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Question
Write a word or a phrase or a term which can substitute the following.
The rules and regulations laid down by the managing committee of a co-operative organization.
Solution
The rules and regulation laid down by the managing committee of a co-operative organisation- one member one vote.
Explanation:
The rules and regulation laid down by the managing committee of a co-operative organisation is ‘one member one vote’. This implies that, in a co-operative organisation, any decision or rule is passed only after consulting each member. It is done through voting, where each member’s vote is counted as one vote. If the majority is in favor, then the rule is passed, otherwise not.
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