Question

Choose the correct option.

Statement I: Cooperative societies are run by the government.

Statement II: About 94% of the ration shops in Tamil Nadu are run by cooperative societies.

• A. Both the statements are true.
• B. Both the statements are false.
• C. Statement I is true, but statement II is false.
• D. Statement I is false, but statement II is true.

Answer 1

The correct option is D Statement I is false, but statement II is true.

Cooperative societies are collectively owned and managed by consumers themselves to meet their basic needs. Cooperatives operate on various platforms like healthcare, financial aids, insurance, housing, and of course, food security. Out of the 33,222 fair price shops, 31,232 are run by cooperative societies in Tamil Nadu.