Co-operative Management and Administration MCQ

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Co-operative Management and Administration MCQ

1. A ……………………. institution is a voluntary association of independent economic units,
organized, capitalized and run by, and for its members, providing and/or marketing goods and services on cost-to-cost basis to their members.

2. …………………… movement can be an important instrument in furthering the socialist
progress.

3. ……………… is, “a form of organisation wherein persons voluntarily associate together as
human beings on a basis of equality for the promotion of economic interest of themselves”.

4. …………… is nothing but “self-help made effective by organisation.”

5. A…………………… has been defined as an “economic and social organisation of the working
people, serving not only interest of the members, but also social progress,” which promotes safeguards and realizes the interests and aspirations of the working people”.

6. In the words of …………………, cooperation is, “a form of organisation wherein persons
voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves”

7. According to …………….Herrick, it is “the act of poor persons voluntarily united for utilizing
reciprocally their own forces, resources or both, under their mutual management to their common profit or loss”.

8. In the words of Horrace Plunkett, it is nothing but “self-help made effective by organisation.”

9. ……………………..eliminates the employers and provides independence to the workers.

10. A …………………….society is a union of weak and needy individuals who have equal rights
and has one vote irrespective of the number of shares held by him.