11th Std Commerce EM 2nd Assignment Chapter – 7 Co-operative Organisation This is the second assignment answer key for 11th commerce full assignment for the month of July.
Chapter – 7 Co-operative Organisation
Part-A
I.One Mark Questions
1.Membership in a Co-operative organization is :
(a) Not open to all
(b) Selective
(c) Open to all
(d) None of them
Answer:- (c) Open to all
2.Co-operative fails because of
(a) Unlimited membership
(b) Cash trading
(c) Mismanagement
(d) Loss-making
Answer:- (c) Mismanagement
3.All Co-operatives are established with
(a) Philanthropic motive
(b) Service motive
(c) Profit motive
(d) Reform motive
Answer:- (b) Service motive
4.Consumers Co-operation was first successful in ……
(a) England
(b) USA
(c) Swiss
(d) India
Answer:- (a) England
5.Rochdale society of equitable pioneers was started by ……….
(a) Robert Owen
(b) H.C.Calvert
(c) Talmaki
(d) Lambert
Answer:- (a) Robert Owen
6.One man one Vote is followed in……
(a) Sole trader
(b) Company
(c) Partnership
(d) Co-operatives
Answer:- (d) Co-operatives
7.The minimum members in Co-operatives are …….
(a) 10
(b) 15
(c) 25
(d) Unlimited
Answer:- (a) 10
8.Generally the products of Co-operatives societies are sold on ……. basis.
(a) Credit
(b) Cash
(c) Instalment
(d) Discount
Answer:- (b) Cash
9.Match the following
(i) Co-operatives – (a) Robert Owen
(ii) Consumer Co-operatives – (b) Co-operative Weavers societies
(iii) Producer Co-operatives – (c) Co-optex
(iv) Father of Co-operatives – (d) Smart Ration Card
(a) (i-c),(ii-d),(iii-b),(iv-a)
(b) (i-c),(ii-a),(iii-b),(iv-d)
(c) (i-b),(ii-c),(iii-d),(iv-a)
(d) (i-b),(ii-d),(iii-a),(iv-c)
Answer:- (a) (i-c),(ii-d),(iii-b),(iv-a)
10.The government is offering various tax concessions to promote …….
(a) Partnership
(b) Co-operatives
(c) Company
(d) Sole trader
Answer:- (b) Co-operatives
Part-B
II.Very Short Answer.
11.Define Co-operatives.
According to H.Calvert, “Co-operation is a form of organization in which persons voluntarily associate together as human beings on the basis of equality for the promotion of the economic interests of themselves.”
12.Give examples of Co-operatives.
Credit,Farming,Marketing,Processing,Housing,Transport,Insurance,Fisheries,Poultry,Dairying
13.What are credit Co-operatives?
Cooperative credit societies are societies formed for providing short – term financial help to their members. Agriculturists, artisans, industrial workers, salaried employees, etc., form these credit societie
14.Who are Rochdale Pioneers?
At first, the cooperative movement was started by Robert Owen, in the year 1844. He formed a consumer’s cooperative society in England with 28 workers as members, called “Rochdale Society of Equitable Pioneers”.
15.Is low taxes possible in a Co-operative society?
Yes, low tax is possible in cooperative societies. Since it is a non-profit enterprise, the law gives preferential treatment and the government provides various exemptions and tax concessions.
Part-C
III. Short Answer.
16.What are the disadvantages of Co-operatives?(Any 3)
1. Limited funds:
Since the co-operative societies have limited membership and it is promoted by the weaker section, the membership fees collected is low. They cannot expand their activities beyond a particular level due to the limited financial resources.
2. Over-reliance on Government funds:
Co-operative societies are not able to raise their own resources. Their sources of financing are limited and they depend on government funds. The funding and the number of funds that would be released by the government are uncertain.
3. Conflicts among members:
Cooperative societies are based on the principles of co-operation and therefore harmony among members is important. But in practice, there might be internal politics, differences of opinions, quarrels, etc. among members which may lead to disputes. Such disputes affect the functioning of cooperative societies.
17.Write a note on Housing Co-operatives.
The cooperative housing societies are meant to provide residential accommodation to their members on an ownership basis or on rent. People who intend to build houses of their own join together and form housing societies. These societies advance loans to members, repayable over a period of 15 to 20 years.
18.What is meant by Producers Co-operative society?
Producer cooperatives are established and operated by producers. Producers can decide to work together or as separate entities to help increase marketing possibilities and production efficiency. They are organized to process, market, and distribute their own products.
This helps lessen costs and strains in each area with a mutual benefit to each producer. Example, Cooperative weavers’ societies, Co-operative carpeting units.
19.Write a note on Co-operative Farming societies.
When various farmers in a village pool their land together and agree to treat the pooled piece of land as one big farm for the purpose of cultivation, purchase the necessary inputs for the cultivation, and market the crops jointly, they are assumed to have formed a cooperative farming society. Such a society, for its proper working, elects its office bearers on the basis of one member – one – vote.
20.Write a note on marketing Co-operatives.
An industrial cooperative is an association of workers & craftsmen involved in cottage or village industries, who come together to undertake collective production, processing, and marketing of goods manufactured by the members and provide them with the necessary services and assistance.
Part-D
IV.Write in detail.
21.What are the advantages of Co-operative society?
1. Consumers Cooperative:
Consumer cooperatives are organized by consumers, that want to achieve better prices or quality in the goods or services they purchase. In contrast to traditional retail stores or service providers, a consumer cooperative exists to deliver goods or services rather than to maximize profit from selling those goods or services.
2. Producers Cooperative:
Producer cooperatives are created by producers and owned & operated by producers. Producers can decide to work together or as separate entities to help increase marketing possibilities and production efficiency.
3. Marketing Cooperative:
Cooperative marketing societies are associations of small producers formed for the purpose of marketing their produce. The marketing cooperatives perform certain marketing functions such as grading, warehousing, advertising, etc.
4. Credit Cooperative:
Cooperative credit societies are societies formed for providing short-term financial help to their members. Agriculturists, artisans, industrial workers, salaried employees, etc., form these credit societies.
5. Housing Cooperative:
These cooperative housing societies are meant to provide residential accommodation to their members on an ownership basis or on rent. People who intend to build houses of their own join together and form housing societies. These societies advance loans to members, repayable over a period of 15 to 20 years.
22.Write a note on Consumer Co-operative society.
Consumer cooperatives are organized by consumers that want to achieve better prices or quality in the goods or services they purchase. In contrast to traditional retail stores or service providers, a consumer cooperative exists to deliver goods or services rather than to maximize profit from selling those goods or services.
They also supply essential commodities through Public Distribution System (PDS). Nationally, the most widely used cooperative form is the credit union, with some 90 million members. Credit union assets have grown a hundredfold in three decades. Credit unions are essentially cooperatives of people that use banking services. Students’ cooperative stores, Cooperative provision stores and supermarkets set up in cooperative societies of India are examples of this type.
11th Std Commerce EM 2nd Assignment UNIT II -Chapter – 4 Sole Proprietorship – Download Here
11th Std Commerce EM 2nd Assignment Chapter – 5 Hindu Undivided Family and Partnership – Download Here
11th Std Commerce EM 2nd Assignment Chapter-6 – Joint Stock Company – Download Here
11th Std Commerce EM 2nd Assignment Chapter – 7 Co-operative Organisation – Download Here
11th Std Commerce EM 2nd Assignment Chapter 8 Multinational companies – Download Here
11th Std Commerce EM 2nd Assignment Chapter 8 Multinational companies – Download Here
11th Std Commerce EM 2nd Assignment Chapter – 9 Government Organisation – Download Here
