A ……………………. institution is a voluntary association of independent economic units, organized, capitalized and run by, and for its members, providing and/or marketing goods and services on cost-to-cost basis to their members.

Related MCQs

• Anational level cooperative union The ………….was organized in 1949 by amalgamating the All India Cooperative Institutes Association of 1928 and Indian Provincial Banks Association of 1949.
• According to …………….Herrick, it is “the act of poor persons voluntarily united for utilizing reciprocally their own forces, resources or both, under their mutual management to their common profit or loss”.
• ……………… is, “a form of organisation wherein persons voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves”.
• In the words of …………………, cooperation is, “a form of organisation wherein persons voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves”
• A…………………… has been defined as an “economic and social organisation of the working people, serving not only interest of the members, but also social progress,” which promotes safeguards and realizes the interests and aspirations of the working people”.
• Where it is possible written notice must be sent to all members at their official addresses at least ………………………prior to annual and extraordinary general meetings
• ……………..is concerned with assigning the activities to specific positions and people; and providing means for coordinating the efforts of individuals and groups.
• In 1956 a centre was started in New Delhi as a subsidiary to NCUI for providing education and training to the trainers or teachers of cooperation known as ………………….
• The……………..will elect the managerial units of the cooperative and the control committee for the following year.
• In farming societies producing crops with an annual cycle the basis of valuation of by products may be …………………