Quiz on Co-operative societies

What is a co-operative society primarily formed to achieve?

• To increase the profit of private owners

• To eliminate competition from big companies

• To promote the welfare of its members collectively

• To benefit wholesalers and retailers

Which of the following is a legal requirement for forming a co-operative society?

• Approval from private investors

• Registration under the Cooperative Societies Act

• A license from the local retailer

• Ownership of a private business

Which statement best reflects the principle of voluntary membership in a co-operative society?

• Only wealthy individuals can join

• Members can join or leave at their own will without discrimination

• Members must stay for a fixed term

• Membership is based on the capital invested

How does the voting system in a co-operative society reflect its core value?

• Members with more money get more votes

• Only founders have voting rights

• All members have one vote, promoting equality

• Votes are distributed based on production level

Case Study: A group of farmers forms a co-operative to sell their vegetables directly to customers. Over time, some members demand more profits because they produce larger quantities. What should the co-operative do to remain true to its principles?

• Distribute profits based only on production

• Allow only high producers to vote

• Ensure equal rights and profits based on agreed terms, not just quantity

• Disband the society and restart with new rules

Case Study: An urban housing co-operative allows residents to vote on major decisions like maintenance and improvements. A few wealthy residents demand extra votes because they paid more for their units. What principle should guide the society's response?

• Increase their votes to match their payments

• Give all members equal voting rights regardless of investment

• Allow only founders to vote

• Conduct voting through secret ballot only for wealthy members