Cooperative Society

A co-operative society is a ____________ of individuals who

come together to achieve common economic objectives.

• Voluntary representation

• voluntary association

• Voluntary Presentation

The motive of cooperative society is to provide ________to the

members.

• Services  

• Profit

• Goods

A cooperative society has a ________legal entity from the members.

• different

• same

• separate

A co-operative society works on the principle of self-help as well as

_________.

• self help

• mutual help

• No help

Consumers’ co-operative societies help to (a)   middlemen in the

process of distribution of goods.

Apna Bazar and Kendriya Bhandar are example of (a)   co-operative societies

Any competent person can become a member of a cooperative society, at any time.

• True

• False

The liability of the members is limited. ____

• False

• True

It can exist for a long time due to a legal entity separate from its members.

• False

• True

Legal formality is required to form a Joint Stock Company.

• True

• False