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MCQs · Q3

Q.A service co-operative society is often described as a 'multipurpose' society because it:

(a) is open to members from many different districts at once
(b) provides several kinds of service — credit, inputs, consumer goods, storage and marketing — under one society
(c) is managed by several different committees working independently
(d) can be converted into any other form of business organisation at will
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Why (b) is correct: A village service co-operative society is called multipurpose precisely because, unlike a single-purpose society, it undertakes several services together under one roof — advancing credit, supplying seeds/fertilizers/implements, distributing consumer goods, providing storage, and helping members market their produce. A member can meet many different needs through this one organisation, which is the whole point of the multipurpose design.

Why the distractors are wrong: …

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