Question

Co-operative Principles are:

• A. Optional rules
• B. Country-specific
• C. Only for financial co-operatives
• D. Universally accepted

Answer 1

Answer:

D. Universally accepted

Co-operative Principles are guidelines that govern the functioning of co-operatives worldwide. They are universal, meaning they apply to all types of co-operatives—financial, consumer, producer, or worker co-operatives—regardless of country or sector. Other options: a) Optional rules – incorrect; they are guiding principles, not optional suggestions. b) Country-specific – wrong; while implementation may vary, the principles themselves are global. c) Only for financial co-operatives – incorrect; they apply to all co-operative types. The universality ensures co-operatives everywhere adhere to shared values like democracy, education, and community concern.