Question

Select the option(s) that represents the way of functioning of a cooperative society ?

• A. Equal sharing of profits
• B. Supervision by government representatives.
• C. Conduction of free and fair elections to elect representatives
• D. Joint ownership of society by all members

Answer 1

Answer: (A), (B), (C), (D)

The correct options are
A Equal sharing of profits
B Supervision by government representatives.
C Conduction of free and fair elections to elect representatives
D Joint ownership of society by all members

All these factors represent the way of functioning of a cooperative society. A cooperative society responsibly and equally shares its profits with all its members. It is jointly owned by all its members. On some occasions, the government might send its representative to oversee the functioning of the society.