Question

Which of the following options define 'co-operative sector industries'?
A. These industries are owned and operated by government agencies.
B. These industries are owned and operated by the producers or suppliers.
C. These industries are jointly run by the state and individuals or a group
of individuais.
D. These industries are privately owned and operated by individuals or a
group of individuals.​

Answer 1

Answer:

The correct option is (B)

Answer 2

Answer:

These industries are owned and operated by the producers or suppliers.

Explanation:

Cooperative sector businesses are run and owned by raw material producers or suppliers, employees, or a combination of the two. Following Independence, the cooperative movement in India grew significantly. In every Indian community, cooperative movement was fostered.

Hence, correct option is (B).

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