Voluntary Association Concept

Deep Dive: UPSC Practice

With reference to cooperative societies, consider the following statements: 1. A Cooperative society is a voluntary association of persons. 2. Cooperative societies are not driven by economic interests. 3. Cooperatives in all states in India are solely formed under the Co-operative Societies Act, 1912. 4. To form a cooperative society, at least ten persons are required. How many statements given above are correct?