Question

The success of a cooperative society depends on
(a) Loyalty of its members (b) Central Government
(c) State Government (d) Local Self Government

Answer 1

Explanation:

(a) loyalty of its members

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Answer 2

The success of a cooperative society depends on the loyalty of its members as it involves the participation of people voluntarily to meet their requirements and aspirations.

Answer: Option (a)

Explanation:  

The cooperative society is an independent group of people that involves contribution done on a voluntary basis for meeting their needs which can be economic, social and cultural. These groups are democratic and owned jointly. The aim is to share profit share and increase customer base. In India, Amul is the biggest cooperative in the milk sector.