Question of 17
Q.The membership of cooperative societies is –
(a) Voluntary
(b) Compulsory
(c) Necessary
(d) Unnecessary
Manipur CohsemCOHSEM Manipur Higher Secondary 1st Year (Commerce) 2023MCQ· 1mImportance★★★★★est
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Start your 14-day free trial to unlock the full solution →Membership of a cooperative society is voluntary.
A cooperative society is a voluntary association of persons who join together on the basis of equality, for the promotion of their common economic interests. No one can be forced to join a cooperative society, and any member is free to leave the society after giving due notice, without needing anyone else's consent.
Key points about cooperative membership:
- A person joins only out of their own free will, usually because they share a common economic need (e.g., farmers wanting better credit, or consumers wanting goods at fair prices).
- Membership is open to all persons having a common interest, irrespective of religion, caste, gender, or colour — this is called the principle of 'open membership'. …
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