. ……………..is based on the principle of self interest, maximization of profits and exploitation.

Related MCQs

• …………is based on the principle of self-help through mutual help, abolition of profits and service above self help.
• …………… serves as an organizational instrument for the economically weaker producers-farmers, artisans or workers and consumers for strengthening themselves and protecting themselves against the exploitation by the stronger.
• ………….. is a voluntary and democratic association of human beings, based on equality of control, opportunity, distribution and mutuality for the promotion of their common interests as producers or consumers.
• ……………. was against all religions whereas ………….. openly advocated that cooperation must be based on Christianity.
• The trade unions and cooperatives jointly entered the life insurance field and …………………… was founded before the First World war to provide better and cheap insurance cover to the poor.
• …………..and………………. were the two great personalities who broke the vicious circle of depression in Italy and took the country out of poverty and destitution.
• The ……………committee,1945 observed that the Act of 1912 needed revision in certain respects and recommended that the provinces in which the cooperative societies act of 1912 was in force should pass special acts keeping in view their past experience and the future needs of the movement.
• The report submitted by the ………………….. consisted of two volumes: the first contained Model Cooperative Societies Bill and Rules and the second volume contained model bye-laws for various types of societies.
• The Constitution Amendment Bill, ………….. was introduced with the objective of freeing the cooperatives from “unnecessary outside interference and also to ensure their autonomous oragisational set up and democratic functioning”.
• The memorable phrase ‘each for all and all for each’ was coined when the ……………. was formed with the membership of poor people for poor farmers and artisans.