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Question
Which of the following is/are not associated with cooperatives?
Which of the following is/are not associated with cooperatives?
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Solution
The correct option is D Profit
Cooperatives are business systems in which the business is run and owned by all the members of the cooperative. They all share a common interest in developing their business by pooling money and mutually sharing benefits. Cooperatives are prominent in the rural areas due to the lack of banking sources. The beneficiaries of cooperative banks include farmers, artisans, and small-scale entrepreneurs in rural areas.
Cooperatives are business systems in which the business is run and owned by all the members of the cooperative. They all share a common interest in developing their business by pooling money and mutually sharing benefits. Cooperatives are prominent in the rural areas due to the lack of banking sources. The beneficiaries of cooperative banks include farmers, artisans, and small-scale entrepreneurs in rural areas.
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