Co-operation · Class 11 Commerce
Ch 6Service Co-operative Society — Class 11 Co-operation, concept-first.
A Service Co-operative Society is a voluntary association of persons — most often the residents of a village or a compact rural area — who join together to obtain, at fair prices and on reasonable terms, the various services they need for their day-to-day living and their farming or occupation, which they could not con…
Key concepts
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Meaning and Features of Service Co-operative Society
A service co-operative society is a voluntary, registered association of persons — usually the residents of a village — formed to provide its members several essential services (credit, supply of agricultural inputs and…
Most relevant Q&A
- Define a service co-operative society and state any four of its features.Free
- The primary aim of a service co-operative society is to: (a) earn the maximum possible profit for its shareholders (b) render essential serv…Free
- In a service co-operative society, the principle followed in voting and control of the society is: (a) one share, one vote (b) votes in prop…Free
- The liability of a member of a service co-operative society is usually: (a) unlimited, extending to all his personal property (b) limited to…Preview
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Meaning and Definition of Service Co-operative Society
A Service Co-operative Society is a voluntary association of persons — most often the residents of a village or a compact rural area — who join together to obtain, at fair prices and on reasonable ter…
Features of a Service Co-operative Society
A service co-operative society shares the general features of every co-operative organisation, but a few of them take on a special colour because the society exists to render a bundle of services rath…
Functions of a Service Co-operative Society
The usefulness of a service co-operative society lies in the wide range of functions it performs for its members. In a typical village service society these functions can be grouped as follows.
Advantages of a Service Co-operative Society
A service co-operative society brings a number of clear benefits, both to its individual members and to the rural community and economy as a whole.
Limitations of a Service Co-operative Society
For all its usefulness, a service co-operative society in practice faces several genuine limitations and difficulties, which a student should understand as honestly as the advantages.
Exercises
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- Q6Define a service co-operative society and state any four of its features.Free
- Q7Explain any four important functions of a service co-operative society.Free
- Q8"A service co-operative society frees the small farmer from exploitation." Explain this statement with reference to its advantages.Preview
- Q9State any four limitations (problems) faced by a service co-operative society.Preview
- Q10Distinguish between the advantages and the limitations of a service co-operative society (give at least three points on each side).Preview
More questions
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- Q1The primary aim of a service co-operative society is to: (a) earn the maximum possible profit for its shareholders (b) render essential serv…Free
- Q2In a service co-operative society, the principle followed in voting and control of the society is: (a) one share, one vote (b) votes in prop…Free
- Q3A service co-operative society is often described as a 'multipurpose' society because it: (a) is open to members from many different distric…Preview
- Q4Which of the following is generally the MOST important function of a village service co-operative society? (a) organising cultural and sport…Preview
- Q5The liability of a member of a service co-operative society is usually: (a) unlimited, extending to all his personal property (b) limited to…Preview