MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Cooperatives

Which of the ...

Question

Which of the following options best describe organisations owned and controlled by a group of people to meet their common economic and social needs?

A

Cooperatives

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Self-help groups

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Ration shops

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Businesses

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Cooperatives
Cooperatives are organisations owned and controlled by a group of people. Some examples include Mother Dairy, Amul, etc. Cooperatives are registered with the government. The members of the cooperatives own and control their activities. They come together to meet their common economic and social needs.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Which among the following statements that describe the nature of Soviet economy is wrong?

a. Socialism was the dominant ideology
b. State ownership/control existed over the factors of production
c. People enjoyed economic freedom
d. Every aspect of the economy was planned and controlled by the State

Q. This economic system is controlled by the government, which owns and manages all the means of production. The goal of such an economy is to achieve social welfare.

Which countries have such an economic system?

Q. A/An _________ is a social setup in which land is owned by a particular group of people.

Q. A/An _________ is a social setup in which land is owned by a particular group of people.

Q. Describe how some social and economic groups are most vulnerable to poverty in India.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Role of Cooperatives

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard IX Economics

Join BYJU'S Learning Program

CrossIcon