Co-operative Society Quiz
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Questions and Answers

What principle of voting is adopted in a Co-operative society?

  • One vote per member (correct)
  • One vote per unit of capital contributed
  • Voting power based on seniority
  • Weighted voting based on capital contribution

What is the main objective of a co-operative society?

  • Maximizing profit for its members
  • Exercising control over its members
  • Rendering services to its members (correct)
  • Acquiring assets for its members

What type of association is membership in a co-operative society?

  • Voluntary association (correct)
  • Inherited association
  • Government-mandated association
  • Compulsory association

What is the primary focus of a co-operative society?

<p>Providing service to the members (B)</p> Signup and view all the answers

What kind of legal entity is a co-operative society?

<p>Separate legal entity (B)</p> Signup and view all the answers

What is one of the ways commerce supports economic growth?

<p>By attracting investments and creating more jobs (B)</p> Signup and view all the answers

How does commerce contribute to technological advancement?

<p>By encouraging businesses to innovate and improve products (B)</p> Signup and view all the answers

What is an outcome of efficient resource allocation through commerce?

<p>Matching demand for goods with their supply (B)</p> Signup and view all the answers

How does commerce impact government revenue?

<p>Generates revenue for the government through taxes and duties (D)</p> Signup and view all the answers

What role does economic development through commerce play in poverty reduction?

<p>It can help reduce poverty by creating more jobs (B)</p> Signup and view all the answers

Flashcards

Co-op voting principle

One vote per member, regardless of investment.

Co-op main goal

Providing services and benefits to members.

Co-op membership type

Voluntary; members choose to join.

Co-op's core focus

Serving members' needs and interests.

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Co-op legal status

Separate legal entity from its members.

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Commerce & Investment

Commerce attracts investment and creates jobs.

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Commerce & Innovation

Commerce drives businesses to innovate and improve.

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Commerce & Resource Allocation

Efficiently matches supply & demand for goods.

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Commerce & Government Revenue

Creates tax revenue for the government.

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Commerce & Poverty Reduction

Commerce creates job opportunities, lessening poverty.

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