Co-operative Society Quiz

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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?

Providing service to the members Signup and view all the answers

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

Separate legal entity Signup and view all the answers

What is one of the ways commerce supports economic growth?

By attracting investments and creating more jobs Signup and view all the answers

How does commerce contribute to technological advancement?

By encouraging businesses to innovate and improve products Signup and view all the answers

What is an outcome of efficient resource allocation through commerce?

Matching demand for goods with their supply Signup and view all the answers

How does commerce impact government revenue?

Generates revenue for the government through taxes and duties Signup and view all the answers

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

It can help reduce poverty by creating more jobs Signup and view all the answers

Co-operative Society Quiz

Podcast Beta

Questions and Answers

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

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

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

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

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

What is one of the ways commerce supports economic growth?

How does commerce contribute to technological advancement?

What is an outcome of efficient resource allocation through commerce?

How does commerce impact government revenue?

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

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Co-operative Society Quiz

Podcast Beta

Questions and Answers

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

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

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

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

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

What is one of the ways commerce supports economic growth?

How does commerce contribute to technological advancement?

What is an outcome of efficient resource allocation through commerce?

How does commerce impact government revenue?

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

More Quizzes Like This

Co-operative Society Headquarters and Document Quiz

DCHSM&amp;A History &amp; Management of Co-operative Housing Society C...

Social Enterprise Legal Structures Overview

Cooperatives vs. Trade Unions Quiz

DCHSM&A History & Management of Co-operative Housing Society C...