Question

Which of the following can be treated as characteristic of co-operative society?

• A. Voluntary association
• B. Separate legal entity
• C. Democratic management
• D. All of above

Answer 1

The correct option is D All of above

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.

These society are incorporated with some social motives and they often have separate legal body and common seal. Even, all the members of a co-operative society can perform democratically in management.