Question

What is the principle to be followed in a cooperative society?

A. Multiple votes

B. One man one vote

C. No vote

D. One share one vote

1. A 
2. C 
3. B 
4. D 

Answer 1

Correct Answer - Option 3 : B 

The correct answer is B.

• The word 'cooperative' means 'working together'.
• This means that individuals who want to work together for the same economic purpose can form a committee. This is called a 'cooperative society'.
• No member of the cooperative works for 'personal profit'.
• All its members collect their resources and make maximum use of them, which they share among themselves.
• The primary purpose of a cooperative society is to "serve its members".
• A member has the right to vote "only one vote" irrespective of the number of shares he has.