Types of Cooperatives Quiz

Play an AI-generated podcast conversation about this lesson

What is the primary purpose of an Education Cooperative?

To provide medical and dental care to its members

To own and operate licensed educational institutions (correct)

To provide financial services such as savings and credit

To engage in the supply of production inputs and marketing of products

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

Financial Service Cooperative (correct)

Advocacy Cooperative

Agrarian Reform Cooperative

Housing Cooperative

What is the main function of a Cooperative Bank?

To own and operate licensed educational institutions

To promote and advocate cooperativism among its members

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

To provide medical and dental care to its members

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

Agrarian Reform Cooperative Signup and view all the answers

What is the primary purpose of a Health Services Cooperative?

To provide medical, dental and other health services Signup and view all the answers

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

Fishermen Cooperative Signup and view all the answers

What is the main purpose of a Workers Cooperative?

To provide employment and business opportunities to its members Signup and view all the answers

Which type of cooperative has members that are secondary cooperatives?

Tertiary Cooperative Signup and view all the answers

What is the main purpose of a Water Service Cooperative?

To own, operate and manage water systems for its members Signup and view all the answers

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

Regular member Signup and view all the answers

What is the main purpose of a Transport Cooperative?

To include land and sea transportation, limited to small vessels Signup and view all the answers

What is the main purpose of a Financial Service Cooperative?

To provide insurance services Signup and view all the answers

What is the primary purpose of a credit cooperative?

To promote savings and lending services among its members Signup and view all the answers

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

Consumers cooperative Signup and view all the answers

What is the main function of a producers cooperative?

To undertake joint production and processing of goods Signup and view all the answers

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

Producers cooperative Signup and view all the answers

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 Signup and view all the answers

Types of Cooperatives Quiz

Choose a study mode

Podcast

Questions and Answers