Question

In a co-operative society the principle followed is ________.(Fill in the blank by choosing correct option) a) One share one vote b) one man one vote c) no vote

Answer 1

b) one man one vote

It's always correct

Answer 2

ANSWER: b) one man one vote

The co-operative society functions based on the principle of democracy which is none other than ""one man one vote"".

Every single person in a co-operative business or society gets the opportunity of voting only once irrespective of the capital given by them.

Which means if a member contributes 4 shares, it doesn't mean that they can have 4 votes.