Q108
Which co-operative societies are helpful to their members in purchasing land and constructing houses?
A.
Consumers
B.
Producers
C.
Marketing
D.
Housing
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Housing co-operative societies are helpful to their members in purchasing land and constructing houses. These societies are formed to provide residential houses to members. They purchase land, develop it and construct houses or flats and allot the same to members. Some societies also provide loans at low rate of interest to members to construct their own houses.