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The basic principle of cooperative societies is to ________


Question

The basic principle of cooperative societies is to ________

Options

A)
maintain the integrity of their members
B)
protect the interest and pursue the welfare of members
C)
ensure better working conditions for members
D)
provide voluntary services to the members

The correct answer is B.

Explanation:

A cooperative society as a voluntary business organization in which a group of individual with common interest pool their resources together to promote the economic welfare of the members in production, distribution and consumption of goods and services.

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  • A cooperative society as a voluntary business organization in which a group of individual with common interest pool their resources together to promote the economic welfare of the members in production, distribution and consumption of goods and services.

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