Types of Cooperatives Quiz

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17 Questions

What is the primary purpose of an Education Cooperative?

To own and operate licensed educational institutions

Which type of cooperative is organized for the primary purpose of engaging in savings and credit services and other financial services?

Financial Service Cooperative

What is the main function of a Cooperative Bank?

To provide a wide range of financial services to cooperatives and their members

Which type of cooperative is organized by marginal farmers, majority of whom are agrarian reform beneficiaries?

Agrarian Reform Cooperative

What is the primary purpose of a Health Services Cooperative?

To provide medical, dental and other health services

Which type of cooperative is organized by marginalized fishermen in localities whose products are marketed either as fresh or processed products?

Fishermen Cooperative

What is the main purpose of a Workers Cooperative?

To provide employment and business opportunities to its members

Which type of cooperative has members that are secondary cooperatives?

Tertiary Cooperative

What is the main purpose of a Water Service Cooperative?

To own, operate and manage water systems for its members

Which type of cooperative member has the right to vote and be voted upon?

Regular member

What is the main purpose of a Transport Cooperative?

To include land and sea transportation, limited to small vessels

What is the main purpose of a Financial Service Cooperative?

To provide insurance services

What is the primary purpose of a credit cooperative?

To promote savings and lending services among its members

Which type of cooperative is responsible for procuring and distributing commodities?

Consumers cooperative

What is the main function of a producers cooperative?

To undertake joint production and processing of goods

Which type of cooperative would be suitable for a group of farmers who want to jointly process and sell their agricultural products?

Producers cooperative

If a group of individuals wants to establish a cooperative that provides financial services to its members, which type of cooperative would they form?

Credit cooperative

Test your knowledge on different types of cooperatives such as Marketing Cooperative, Service Cooperative, and Multipurpose Cooperative. Learn about the unique characteristics and activities of each type of cooperative in this quiz.

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