Question:medium

A voluntary organization that promotes the economic interests of its members and all the members have equal rights is called

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The key ideas of a co-operative are 'voluntary' and 'democratic control'. It's all about members working together for mutual benefit.
Updated On: Feb 18, 2026
  • Joint stock company
  • Partnership organization
  • Co-operative society
  • Public sector company
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The Correct Option is C

Solution and Explanation

A Co-operative society is an independent organization where individuals freely join together to fulfill their shared economic, social, and cultural requirements and goals through a jointly owned and democratically managed business. Core tenets are voluntary participation and democratic member governance (one member, one vote), guaranteeing equal rights.
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