I. Choose the Correct Answer:

Question 1.
At first, the cooperative movement was started by Robert Owen, in the year………………
(a) 1935
(b) 1932
(c) 1844
(d) 1884
Answer:
(c) 1844

Question 2.
………………….. of the profit can be kept in reserve.
(a) one – fourth
(b) one – third
(c) one – sixth
(d) two – third
Answer:
(a) one – fourth


Question 3.
The minimum number of members to start a cooperative is …………………
(a) 10
(b) 15
(c) 20
(d) 25
Answer:
(a) 10

Case Study

Chandru, a trade union activist, lives in a Workers’ colony in the city of Chennai. He is a devoted leader for the cause of workers’ welfare. For the last many months he has been observing that the local vendors of commodities of daily use have been making huge profits by charging high process from workers. He cannot tolerate all this and thinks of the idea of opening a consumers cooperative store in the colony. He calls a few elderly workers of the locality, tells them about their exploitation by merchants and discusses with them all his plans to solve the problem. Merchants and discusses with them all his plans to solve the problem. While some of the workers welcome the scheme. Others express their genuine doubts about its feasibility and success. Take the roles of these workers and list out the possible arguments among them.
Answer:
To start a cooperative store, minimum 25 members to be needed. He decides to know the problem to start a cooperative society.

  1. Voluntary membership : Any person can be the member of the society and can leave it any time.
  2. Capital formation : The local membership formed, they have to collect cash in the name , of capital from the members.
  3. Collect in formation from where the raw materials to be purchased.
  4. How to sell the purchased goods in the low profit to all members.
  5. To check what are the services to be needed for the local area people.

Solution:

  • The capital investment must be collected from all members.
  • To select the work to hand over the correct employee.
  • Except a particular percentage of profit, must be used to public welfare.
  • Water facilities, electricity services, drainage services to be given by the earned profits.