Question

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.

• A. Cooperative
• B. Charitable
• C. Both a and b
• D. None of these

Answer 1

Answer:

A. Cooperative

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.