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
• B. Self-help groups
• C. Ration shops
• D. Businesses

Answer 1

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.