Q.Which of the following is the guiding voting principle of democratic management in a co-operative society? (A) One share, one vote
(B) One member, one vote
(C) Votes in proportion to capital
(D) Only the managing committee votes

A co-operative treats all members as equals in decision-making, which is very different from how a joint stock company gives voting power. …

Democratic management in a co-operative rests on the principle of 'one member, one vote', so every member has equal say regardless of how many shares they hold — this is a defining difference from a joint stock company.

(A) One share, one vote — incorrect; this is the principle of a joint stock company, where voting power depends on shareholding.

(B) One member, one vote — correct; every member has exactly one vote, ensuring equality. …

Students sometimes confuse a co-operative with a company and choose 'one share, one vote' — remember that in a co-operative, equality means one MEMBE …