The Economics of Cooperatives: Checkpoint 1

Quick checkpoint - five questions on cooperatives, their types, India's movement, cooperative banks and PACS.

Quick checkpoint - five questions on cooperatives, their types, India’s movement, cooperative banks and PACS.

Question 1 of 5 How are cooperatives usually controlled?

By the largest investor One member, one vote By the government By a foreign company

Democratic member control is a core cooperative principle.

Question 2 of 5 What problem do producer cooperatives like Amul solve?

Too many buyers Small producers' lack of bargaining power and scale Excess government revenue High taxes

Pooling production gives small producers market power.

Question 3 of 5 Which law in 1904 began India's cooperative movement?

The Companies Act The Cooperative Credit Societies Act The Banking Regulation Act The RTE Act

It created village credit societies to counter moneylenders.

Question 4 of 5 What happened at PMC Bank in 2019?

It became India's largest bank The RBI restricted withdrawals after hidden loans to HDIL were found It merged with SBI It stopped all lending voluntarily

The crisis led to stronger RBI powers over cooperative banks.

Question 5 of 5 What do PACS mainly do?

Export cars Provide short-term credit and inputs to farmers at village level Run stock exchanges Build airports

Reforms also let PACS diversify into storage and services.

← Back to Maharashtra's Sugar Cooperatives Next lesson → Cooperative Housing Societies

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