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Formal and Informal Sector

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Question

Fill in the blanks with appropriate words in the following sentences:
The maximum number of members in co-operative societies is _________.

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Solution

A cooperative society is an autonomous group of persons or group of associations who united voluntarily to meet their common economic and social needs, goals and aspirations through a jointly-owned and democratically-controlled enterprise. The maximum number of members in a cooperative society are not specified under the cooperative society act, 1912 for any cooperative society.

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