Question

Match the following:

List I	List II
P. Consumers co-operative societies	$1.$ Formed by small producers and manufacturers who find it difficult to sell their products individually.
Q. Producers co-operative societies	$2.$ Formed to provide financial support to the members.
R. Co-operative marketing societies	$3.$ Formed to protect the interest of small producers by making available items of their need for production like raw materials, tools and equipments, machinery, etc.
S. Co-operative credit societies	$4.$ Formed by small farmers to work jointly and thereby enjoy the benefits of large-scale farming.
	$5.$ Formed to protect the interest of general consumers by making consumer goods available at a reasonable price.

Select the correct answer from the options given below.

• A. $P-5,Q-3,R-2,S-1$
• B. $P-5,Q-3,R-1,S-2$
• C. $P-4,Q-2,R-1,S-3$
• D. $P-3,Q-5,R-2,S-1$

Answer 1

The correct option is B $P-5,Q-3,R-1,S-2$

A Co-operative Society is an artificial voluntary association of people who work together to promote their economic interest and in order to achieve common goals.

1. Consumer co-operative societies- It isan artificial voluntary association of people who work together to protect the interest of general consumers by making consumer goods available at a reasonable rate in the market.

2. Producers co-operative societies- It isan artificial voluntary association of people who work together to protect the interest of small producers by making available all the materials, tools and equipment needed for production at a reasonable rate.

3. Co-operative marketing societies- It isan artificial voluntary association of small producers and manufactures who work together to market their product together in order to achieve the target market.

4. Co-operative credit societies - It isan artificial voluntary association of people who work together to provide financial support inclusion to its member.