Cooperative Organisation

What is the primary objective of a cooperative organisation?

• Profit maximisation

• Serving its members

• Reducing competition

• Government control

Which of the following is not a characteristic of a cooperative society?

• Voluntary membership

• One-man one-vote

• Transferable shares

• Limited return on capital

AMUL is an example of which type of cooperative?

• Credit Cooperative

• Producer Cooperative

• Marketing Cooperative

• Consumer Cooperative

The principle of __________ is followed in a cooperative society, not the number of shares held.

__________ cooperative societies provide loans to members at low interest rates.

Cooperative societies are governed by the __________.

The main motive of a cooperative society is to provide __________ rather than earn profit.

In a cooperative society, the liability of members is __________.

A cooperative society can be formed only by rich individuals.

• True

• False

Cooperative societies enjoy separate legal status.

• True

• False