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Forms of Business Organisation — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesForms of Business Organisation1 Mark
Question
Define a cooperative society.
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Answer

According to the Indian Cooperative Societies Act, 1912, "Cooperative organisation is a society which has its lain objectives for the promotion of economic interests of its members in accordance with cooperative principles."

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