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</p> Signup and view all the answers

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

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

    How does commerce contribute to technological advancement?

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

    How does commerce impact government revenue?

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

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