Question

Define Co-operative society. Explain its features.

Answer 1

A direct implication is that it is impossible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information. The efficient market hypothesis was developed by Eugene Fama who argued that stocks always trade at their fair value, making it impossible for investors to either purchase undervalued stocks or sell stocks for inflated prices. As such, it should be impossible to outperform the overall market through expert stock selection or market timing, and that the only way an investor can possibly obtain higher returns is by chance or by purchasing riskier investments. His 2012 study with Kenneth French supported this view, showing that the distribution of abnormal returns of US mutual funds is very similar to what would be expected if no fund managers had any skill—a necessary condition for the EMH to hold.

Answer 2

Co-operative Society can be defined as follows:

Explanation: It refers to the voluntary form of the organization in which generally weaker sections of the society join together in order to achieve a common objective and to fight against the social evils with the help of principle of co-operation.

FEATURES:

1. Equal Voting Rights: The co-operative society runs on the principle of democracy i.e. "one man one vote". Every member in the co-operative society will have one vote irrespective of what they contributed in the form of investment.

2. Separate Legal Entity: The co-operative societies enjoys the benefit of 'Separate Legal Entity' which means that the death, solvency, admission of any member in the society don't have any impact on its existence. In short, members and the society are two different entities.

Learn more Co-operative Society:

Question: AGRICULTURAL COOPERATIVE SOCIETY

Answer: https://brainly.in/question/4532842

Question: Define the advantages of cooperative societies

Answer: https://brainly.in/question/13256434