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Commerce · Q110

Business and Commerce

Graduate and Post Graduate · Commerce · question 110

Q110

Co-operative societies have _________ management.

A.
Government
B.
Democratic
Answer
C.
Autocratic
D.
Private

Answer: Option B

Solution

Answer: Option B
Solution:
Co-operative societies have Democratic management. The society is managed by a group known as “Board of Directors”. The members of the board of directors are the elected representatives of the society. The main purpose of a Co-operative Society is to provide service to its members.