Question

what is cooperative society, how does it function class 10

Answer 1

Co-operative society and and how it functions

Explanation:

Co-operative Society is group of people who join each other to full fill some common objective. the minimum number of members is 10 while there is no limit on the maximum number of members.

• They work with the goal of self help hence the process starts with finding the goal to form the co-operative.
• then the type of co-operative to be formed is decided and the maximum number of members is fixed.
• then the members get the co-operative registered and arrange for the fund, fix the location, role and responsibility of each member etc.
• after all these activities the the co-operative becomes functional and starts operating.

Learn more:

Functions of co-operative society

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Answer 2

Answer:

Cooperatives have many members. It accepts deposits from its members. With these

deposits as collateral, the Cooperative obtains a large loan from the bank. These funds are used to provide loans to its members. Once these loans are repaid, another round of lending takes place

Explanation:

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