Q. With reference to “Cooperative Societies” consider the following statements:
1.They help small-scale entrepreneurs procure raw materials at discounted rates and reduce production costs.
2.They provide producers with a platform to sell their products directly to consumers by removing intermediaries.
3.They act as drivers of the national economy by providing critical raw materials and intermediate goods to large industries.
Which of the statement given above are correct?
Answer: D
Notes:
Explanation –
Statement 1, 2 and 3 are correct. Cooperative societies help small-scale entrepreneurs procure raw materials at discounted rates and reduce production costs. They provide producers with a platform to sell their products directly to consumers by removing intermediaries. They act as drivers of the national economy by providing critical raw materials and intermediate goods to large industries.
Source: The Times of India
