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”.

Related MCQs

• In ……………………, management monitors the progress of plannedactivities. If progress is lagging, necessary adjustments are made.
• ……………… 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 ……………………. 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.
• In ………………………. Central Banks, the arrears under principal may exceed 20% but should not exceed 40% of the demand. There may be interest overdues but it should not exceed 10% of the demand.
• In the case of issuing loans, …………………………., showing the number and date of disbursement of each loan issued to members the amount of loan, the purpose for which it is granted and the date or dates of repayment, distinguishing principal and interest
• …………… is nothing but “self-help made effective by organisation.”
• In the words of Horrace Plunkett, it is nothing but “self-help made effective by organisation.”
• …………………… movement can be an important instrument in furthering the socialist progress.
• In ……………………….. Central Banks, the arrears under principal should not exceed 20% of demand and arrears under interest should not exceed 5% of the demand.