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A ..................... Society is a union of week and needy individuals who have equal rights and has one vote irrespective of the number of shares held by him.

ACooperative

BCharitable

CBoth a and b

DNone of these

Answer:

A. Cooperative

Read Explanation:

The term you're looking for is likely "mutual aid society" or "cooperative society." These types of societies are formed by individuals, particularly those who are weak or in need, to support one another economically and socially. In such societies, each member typically has equal voting rights, regardless of the number of shares or contributions they have made. This principle promotes democratic participation and equality among members.

Related Questions:

The National Agricultural Cooperative Marketing Federation established in … has been playing an important role in the development of cooperative marketing in India.
In ... each works for all and all work for each.

Which of the following statements are True?

  1. A second round of bank nationalisation happened in the year 1980.
  2. Rajiv Gandhi was the Prime Minister of India during the second round of bank nationalisation.
  3. A total of 6 banks were nationalised in the year 1980.
  4. R Venkataraman was the Finance Minister during the bank nationalisation of 1980.
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    I. Under article 43 of Indian Constitution envisages that- Living wage, etc for workers.

    II. Right to form cooperatives can also be constructed as a Fundamental Right, Article 14-(Right to Equality) and Article 19 (1) (c) as ' Right to foam Associations or Unions.