Cooperatives

Q. Which of the following describes the working of a cooperative?

1. Members of a cooperative help in each other's farmlands.
2. Members of a cooperative pool in their resources.
3. Members of a cooperative borrow money from moneylenders.
4. Members of a cooperative help in the repayment of each other's loans.

Q. Which of the following can be used as collateral for a cooperative to obtain a loan from a bank?

1. Farmlands of the members
2. Agricultural produce
3. Deposits of the members
4. Gold owned by the members

Q. Assertion (A): Banks give loans to cooperatives.
Reason (R): The members of the cooperatives make deposits periodically.

1. A is true; R is false.
2. A and R are true; R explains A.
3. A and R are true; R does not explain A.
4. Both A and R are false.

Q. The following are the significant features of __________.

1. A group of farmers, businesses, or people from a similar background
2. Owned and run by its members
3. Shares profits and benefits

1. Banks
2. Businesses
3. Cooperatives
4. Multinational Corporations