Tamil Nadu Board 11th Standard Commerce - Chapter 7: Book Back Answers and Solutions
This post covers the book back answers and solutions for Chapter 7 – Commerce from the Tamil Nadu State Board 11th Standard Commerce textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.
We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.
By going through this material, you’ll gain a strong understanding of Commerce Chapter 7 along with the corresponding book back questions and answers (PDF format).
Question Types Covered:
- 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following
- 2 Mark Questions: Answer briefly
- 3, 4, and 5 Mark Questions: Answer in detail
All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.
All the best, Class 11 students! Prepare well and aim for top scores. Thank you!
Chapter 7: COOPERATIVE ORGANISATION
I. Choose the correct answer
1. Membership in a cooperative organization is:
a) Not open to all
b) Selective
c) Open to all
d) None of them
Answer Key:
c) Open to all
2. Cooperative fails because of
a) Unlimited membership
b) Cash trading
c) Mismanagement
d) Loss-making
Answer Key:
c) Mismanagement
3. All cooperatives are established with
a) Philanthropic motive
b) Service motive
c) Profit motive
d) Reform motive
Answer Key:
b) Service motive
4. Consumers Co-operation was first successful in _____
a) England
b) USA
c) Swiss
d) India
Answer Key:
a) England
II. Very Short answer questions
1. What do you mean by cooperative organization? - A cooperative is a form of business organisation which is owned and controlled by the people who use its products, supplies or services.
2. Define Cooperatives.
Cooperation is “better farming, better business and better living”
- Sir Horace Plunkett
3. What is Credit cooperatives?
- Cooperative credit societies are those formed for the purpose of providing short term financial help to their members.
- Agriculturists, artisans, industrial workers, salaried employees, etc.
4. Who are Rochadale Pioneers?
- At first, the cooperative movement was started by Robert Owen, in the year 1844.
- He formed a consumer’s cooperative society in England with 28 workers as members, called “Rochdale Society of Equitable Pioneers”.
III. Short answer questions
1. What are the disadvantages of Cooperatives? (any 3) - Co-operative societies have limited membership and are promoted by the weaker sections.
- Co-operative societies are not able to raise their own resources.
- Co-operatives have benefited the rural rich and not the rural poor.
2. Write a note on Housing cooperatives.
- These cooperative housing societies are meant to provide residential accommodation to their members on ownership basis or on rent.
- People who intend to build houses of their own join together and form housing societies.
- These societies advance loans to members, repayable over a period of 15 to 20 years.
3. What is meant by Producers cooperative society?
- Producer cooperatives are established and operated by producers.
- Producers can decide to work together or as separate entities to help increase marketing possibilities and production efficiency.
IV. Long answer questions
1. What are the principles of cooperatives? (any 5) - Cooperatives are voluntary organizations, open to all people able to use its services and willing to accept the responsibilities of membership
- Members contribute equally to, and democratically control, the capital of the cooperative.
- Cooperatives provide education and training for members, elected representatives, managers and employees
- Cooperatives serve their members most effectively and strengthen the cooperative movement
- While focusing on member needs, cooperatives work for the sustainable development of communities through policies and programs accepted by the members.
2. What are the advantages of cooperative society? (any 5)
- The membership of a cooperative society is open to all.
- Cooperatives can be formed much easily when compared to a company
- A co-operative society is run on the principle of ‘one man one vote‘.
- The liability of the members in a cooperative society is limited to the extent of their capital contribution.
- Co-operative societies are formed on the basis of self help and mutual help
- Consumer cooperatives are organized by consumers that want to achieve better prices or quality in the goods or services they purchase.
- Producer cooperatives are established and operated by producers.
- Cooperative marketing societies are associations of small producers formed for the purpose of marketing their produce.
- Cooperative credit societies are those formed for the purpose of providing short term financial help to their members.
- These cooperative housing societies are meant to provide residential accommodation to their members on ownership basis or on rent.
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