Question

In a cooperative society the principle followed is
(a) One share one vote
(b) One man one vote
(c) No vote
(d) Multiple votes

Answer 1

Answer:

In a cooperative society the principle followed is One man one vote.

Among the given options option (b)  ONE MAN ONE VOTE is the correct answer.

Explanation:

Democracy is the basis of a cooperative society.No exploitation of man by man is the principle of this organisation.  Every member exercises and equal right in its affair. Every member is able to have a voice in its management. It aims at providing economic needs of its members. It may earn profits for rendering service to non members.

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Here are some more questions from this chapter :  

The karta in Joint Hindu family business has

(a) Limited liability

(b) Unlimited liability

(c) No liability for debts

(d) Joint liability  

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The structure in which there is separation of ownership and management is called (a) Sole proprietorship (b) Partnership (c) Company (d) All business organisations

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Answer 2

(B) one man one vote

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