Students get through the TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation which is useful for their exam preparation.

TN State Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

Very short answer questions

Question 1.
What is a Co-operative warehouse?
Answer:
Co-operative warehouse are mostly found in rural areas. It helps the members to get the facility of storing agricultural inputs. They will keep the finished goods till they are despatched for sale through marketing co-operatives.

Question 2.
Mention any four features of co-operative society?
Answer:

  1. Voluntary Organisation.
  2. Equality
  3. Democratic managements and
  4. Combination of resources.

Question 3.
Write a short note on the meclagaon committee.
Answer:
In 1914 a committee headed by meclagaon was appointed by the government to review the working of co-operatives on the basis of this recommendation of the committee the government of co-operatives was transferred, from the central to the state governments.

TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

Question 4.
What are the non agricultural credit society?
Answer:

  1. Consumer’s co-operatives
  2. Manufacturer’s co-operatives
  3. Housing co-operatives and
  4. Co-operatives warehouses.

Question 5.
What are the aims of credit co-operative society?
Answer:
Credit societies are voluntary association of people with moderate means. They are formed with the aim of giving short term finance to members. In this way the co-operative society protects its members from the clutches of the money lenders.

Question 6.
Give example of co-operative super markets in TamilNadu?
Answer:
Examples of co-operatives super markets in TamilNadu are Kamadhenu Super Market in Chennai, Chinthamani Super Market in Trichy and Coimbatore and Karpagam Super market in Vellore and Villupuram districts! and Ponni co-operatives Super market inj Salem.

Question 7.
What are the aims of co-operative societies?
Answer:
Co-operative enterprises emerged as an instrument to protect the interest of weaker sections. The aim or philosophy behind the concepts is all for each and each for all.

Question 8.
Define Joint Stock Company.
Answer:
A company is defined as an incorporated v association which in an artificial person created by law having a common seal and perpetual succession.

TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

Question 9.
Explain the merits of Super Market?
Answer:
Merits of super Market:

  1. Customers are able to buy the goods of daily use in one place.
  2. The profit of the super market is shared with the customers in the form or low price of products.
  3. They can move around the stores and buy in a relaxed manner and choose the articles they like.
  4. Super markets are able to attract many customers and there by register more turn over.
  5. The commodities are made available at fixed prices. It is marked on the products.

Short answer questions

Question 1.
What is meant by one man one vote?
Answer:
Co-operative societies are managed on democratic lines. Every member has only one vote irrespective of the number of shares held by. him. The society is formed on the principle of democracy which means “ One vote for one member”. A General body meeting is conducted annually. Representatives are elected by the members to manage the society.

Question 2.
What is the significance of ‘self help and mutual help?
Answer:
The main principle of co-operative organisation is the mutual help. Every member of the society is expected to help himself. This is called self-help. When every member helps every other member, it is called mutual help.

Question 3.
What are the aims of Credit Cooperative society?
Answer:
Credit societies are voluntary association of people with moderate means. They are formed with the aim of giving short-term finance to members. In this way, the co¬operative society protects its members from the clutches of the moneylenders.

TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

Question 4.
Explain the meaning of ‘Consumer co-operatives’.
Answer:
Consumer’s Co-operatives: A cooperative society organized by consumers of a locality for supplying essential goods at a reasonable price. This is called a consumer cooperative society. It eliminates the middlemen. They purchase their requirements directly from the producers or wholesalers in bulk and sell to members, non-members at a reasonable price.

Question 5.
What are the aims of Cooperative societies?
Answer:
Co-operative enterprises emerged as an instrument to protect the interest of the weaker sections. The aim or philosophy behind the concept is “All for each and each for all”.

Question 6.
What do- you understand by marketing co-operative?
Answer:
Marketing co-operatives help the members to secure fair price for their products. They may purchase the produce from the members and sell in, bulk when the market is favourable. In some cases co-operatives sell the produce of the members on commission basis. Marketing co-operatives advance loans to the members. These societies eliminate middlemen and help the members to secure better price for their product.

Question 7.
What is a Non-agricultural Non-credit Society?
Answer:
Non-Agricultural Non-credit societies are formed in order to assist the middle and lower income groups of people. Their main aim is for rendering different types of service to their members at nominal rates of interest.
The different types are:

  1. Consumer’s co-operatives
  2. Manufacturer’s co-operatives
  3. Housing co-operatives and
  4. Co-operative warehouses.

TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

Question 8.
What does the word co-operation mean?
Answer:
The word co-operation is derived from the Latin word “co-operari” meaning “ to work with”. So co-operation means working together with others for a common purpose.

Question 9.
What are Co-operative Farming Societies?
Answer:
Co-operative farming are organized by landowners and agriculturists. The main aim is to secure the advantage of large-scale farming and produce maximum productivity with the lowest cost. These societies would solve the problems of agriculture like poor yield.

Long answer questions

Question 1.
Explain the types of Agricultural Credit Societies.
Answer:

  1. Agricultural credit societies are organised mostly by agriculturists of a village. They provide loans to its members for various productive and unproductive purposes – relating to Agriculture. Agriculture credit societies are also called as rural credit societies or primary societies.
  2. Rural credit Societies are located in rural areas. They secure funds by way of selling shares and by accepting deposits from members and non-members. They lend for productive purpose to small farmers and marginal farmers. They are formed at villages. ‘Its aim is to help their members in developing the habit of savings and banking habit. They also help in collecting rural savings for national development. The liability of the members is unlimited.

Question 2.
What are the steps involved in forming a co-operative society?
Answer:
Formation of a Co-operative Society: A co-operative society must be registered under the Co-operative Societies Act, 1912 or any other state Co-operative law. A co-operative society can be started with a minimum of 25 persons, having a common interest.
An application has to be submitted to the Registrar of Co-operative Societies expressing their intention. The application form is known as Memorandum of Association, It should contain the name and address of the society its objectives, the capital and liability of the members, A copy of the bye-laws stating the rules and regulations of the society should be attached along with the application form.
The system of management, procedure with regard to meetings, resolutions, are stated in the bye-laws. The Registrar will, carefully scrutinise the documents in order to ensure that they are in accordance with the provisions of the Act. When he is folly satisfied he will enter the name of the society in his register and issue the Certificate of Registration. By issue of this certificate, the society comes into existence as a body corporate having a separate legal entity.

TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

Question 3.
State the meaning of supermarket and explain its features.
Answer:
“Supermarket” refers to a type of large-scale retailing. The articles of daily use are sold in different departments without the help of salespersons. It is usually started in cities and big towns as a joint-stock company to earn profit. They must have a large daily turnover to earn a profit on their large capital outlay. In India, the first supermarket was started in New Delhi.
Supermarkets have a dominant provision section, with more varieties. Other sections relating to clothing, footwear, stationery, crockery, and other household items are displayed with their prices. The prices are fixed. There is no bargaining. Door delivery of goods is also given. Sales are made only for cash. Nowadays credit cards are also accepted.
Features:

  1. It is a form of large scale retailing,
  2. There Is a wide variety of goods made available.
  3. The system of self-service is used.
  4. There is no need for salesmen in the self-services section.
  5. The layout is in the form of different departments.
  6. Sales are on a cash basis.
  7. Goods are sold after cleaning and packing.
  8. No adulteration is practiced.
  9. Correct weighment are used so that consumers are not cheated by short weighing.
  10. Scarce commodities are also supplied.

Question 4.
Draw a chart showing the types of co-operatives.
Answer:
TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation 1

For Future learning

A group of mechanical and automobile engineers joins hands to set up a Cooperative for the assembly of scooters. How can they go about it? What principles would you like them to keep in mind? How can they augment their financial resources and how should they organize the marketing effort?
Answer:
An Industrial co-operative is organized by small-scale producers. These co-operatives are very useful in obtaining spare parts of scooters.
Now a days we all live in High rise flats. These are either constructed by builders or built by a group of people as a society. Work in groups and collect information regarding any two cooperative housing societies in your neighborhood.
Co-operative community hall, Madipakkam. These types of co-operative giving loans for the construction of buildings.

TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

For Own Thinking

1. List out any 2 Cooperative institutions.
Answer:

  1. Amul
  2. Indian farmers fertilizers co-operative Limited.
  3. Mothers diary
  4. Dairy farmers
  5. National rural utilities co-operative finance corporation.

2. Name any 2 district-level cooperative organizations.
Answer:

  1. TamilNadu co-operative marketing Federation Limited.
  2. Tamil Nadu state co-operative society.

3. Mention any 3 village-level primary cooperatives in your area?
Answer:

  1. Co-operative Marketing societies.
  2. Co-operative fanning societies.
  3. Housing co-operatives.

Case Study

Chandra, 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 j huge profits by charging high process from j 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:
Chandra a trade union activist to Start a consumer cooperative society to buy quality goods. They also supply essential commodities through the public distribution system.

  1. Students co-operative stores.
  2. Co-operative provision stores.
  3. Supermarket.

So, Chandru thinks we want to buy quality goods at a fair price to open consumer co-operatives. Financial resources collected from members.

TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

Multiple choice questions

1. In a cooperative society the principle followed is:
(a) one share one vote
(b) one man one vote
(c) no vote
(d) multiple votes
Answer:
(b) one man one vote

2. What is the minimum number of persons, required to form a co-operative society?
(a) 2
(b) 7
(c) 10
(d) 20
Answer:
(b) 7

3. Maximum membership in a co-operative society is:
(a) 50
(b) 60
(c) 100
(d) unlimited
Answer:
(d) unlimited

4. Co-operative society can be started:
(a) only at villages
(b) in town and villages
(c) only in cities
(d) only in urban areas
Answer:
(b) in town and villages

5. Agricultural credit societies are organized in:
(a) towns
(b) villages
(c) hill areas
(d) coastal areas
Answer:
(b) villages

TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

6. The capital of a Co-operative society is divided into shares of equal value:
(a) 100
(b) 1000
(c) many
(d) 500
Answer:
(c) many

7. The Indian Co-operative Act was enacted in the year:
(a) 1914
(b) 1974
(c) 1954
(d) 1944
Answer:
(a) 1914

8. The first-ever co-operative movement was started in the year:
(a) 1858
(b) 1958
(c) 1948
(d) 1844
Answer:
(d) 1844

9. The Government appointed a committee to review the working of co-operatives under the chairmanship of
(a) H.C. Calvert
(b) Meclagaon
(c) Horace Plunkett
(d) Talmaki I
Answer:
(b) Meclagaon

10. The first-ever co-operative movement was started by:
(a) Alexander Dumas
(b) Meclagaon
(c) Calvert
(d) Robert Owen
Answer:
(d) Robert Owen

TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

11. The history of co-operative movement can be started in the year:
(a) 100
(b) 20
(c) 150
(d) 300
Answer:
(c) 150

12. All for each and each for all is the philosophy behind the concept of
(a) capitalism
(b) socialism
(c) feudalism
(d) co-operation
Answer:
(d) co-operation

13. In the central Government passed, the credit Co-operative societies Act:
(a) 1804
(b) 1994
(c) 1904
(d) 1914
Answer:
(c) 1904

14. The father of the co-operative movement was:
(a) Robert Owen
(b) Alexander Dumas
(c) Meclagaon
(d) Calvert
Answer:
(a) Robert Owen

15. A co-operative supermarket supplies:
(a) credit
(b) service
(c) goods
(d) cash
Answer:
(c) goods

TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

16. Consumers co-operation was first successful in:
(a) England
(b) the USA
(c) Swiss
(d) India
Answer:
(a) England

17. Central co-operative bank is established at:
(a) villages
(b) districts
(c) state headquarters
(d) urban areas
Answer:
(c) state headquarters

18. Only of the profits to be distributed as dividend.
(a) 10%
(b) 11%
(c) 9%
(d) 25%
Answer:
(c) 9%

19. Minority interest can be protected in:
(a) sole trader
(b) partnership
(c) co-operative societies
(d) public company
Answer:
(b) partnership

20. Co-operation is a mid-way between:
(a) capitalism and communism
(b) capitalism and socialism
(c) socialism and mixed economic system
(d) socialism and feudalism
Answer:
(a) capitalism and communism

21. Dividend is declared in a co-operative store to its members:
(a) share capital
(b) number of shares purchased
(c) amount of patronage given
(d) none of the above
Answer:
(c) amount of patronage given

TN Board 11th Commerce Important Questions Chapter 7 Cooperative Organisation

22. The basic objective of a co-operative society is to:
(a) earn profit
(b) organize some essential service for the benefit of its member
(c) organize essential services to the community
(d) arrange for enough quality goods for the community
Answer:
(b) organize some essential service for the benefit of its member

23. In a co-operative society, the shares of a member:
(a) can be transferred
(b) can be repaid
(c) cannot be transferred
(d) none of the above
Answer:
(b) can be repaid

24. A co-operative supermarket supplies:
(a) credit
(b) service
(c) goods
(d) cash
Answer:
(c) goods