VAE-0019
QUESTION
Consumer society is?
OPTIONS
(A) Credit Co-operative Society
(B) Non-Credit Co-operative Society
(C) Marketing Society
(D) None of the above
ANSWER
(B) Non-Credit Co-operative Society
EXPLANATION
A consumers' cooperative society is a non-credit cooperative because its primary purpose is to supply goods and services to members rather than provide loans. Credit cooperatives are formed chiefly for financing, while marketing societies help producers market their products. Hence, option (B), non-credit cooperative society, is correct.
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