Question

Cash trading' is suggested as one of the Co-operative Principles by

• A. Roachdale Pioneers
• B. Karve Committee on Co-operative Principles
• C. ICA in 1995
• D. Dr. Ivan Mac Pherson

Answer 1

Answer:

A. Roachdale Pioneers

The Rochdale Pioneers, who are regarded as the founders of the modern co-operative movement, introduced the principle of cash trading (also known as "cash payments") to avoid credit sales, which could lead to bad debts and financial instability for co-operatives.