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GCE Commerce 1990 Question 61

Question 61

Co-operative Societies

Which of the following is a feature of co-operative society?

  1. A.Dividend is based on the number of shares sold
  2. B.Limited membership
  3. C.Owned and run by the State
  4. D.Democratic control and management
  5. E.Voting rights are not equal
Show the answer and explanation

Answer: D (Democratic control and management)

Explanation

Co-operatives are run democratically: one member, one vote.