Question

Provision of residential accommodation to the members at reasonable rate is the objective of

(a) Producer's cooperative

(b) Consumer's cooperative

(c) Housing cooperative

(d) Credit cooperative

Answer 1

A housing cooperative has the responsibility of ensuring the provision of residential accommodation to the members at a reasonable rate. A housing cooperative aims at providing accommodation to its members by constructing houses and giving them the option of paying the cost in installments.

Hence, the correct answer is option (c).