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A distinguishing characteristic of consumer co-operative ...

A distinguishing characteristic of consumer co-operative society is that the

A.

The maximum number of shareholders is 20

B.

Members are the owners

C.

Members are the workers

D.

The minimum number of shareholders is 5

Correct answer is B

Some Characteristics of consumers' co-operative society:

 

(1) A consumers' co-operative society is a voluntary association of persons and is registered under the Co-operative Societies Act owned and run by members.

(2) The membership of these stores is open to all the adults.

(3) There is a democratic control and management of the affairs of these societies.