Challenger App

No.1 PSC Learning App

1M+ Downloads
What was the method Rochdale Equitable Pioneers’ Co-operative Society (REPS) used to share profits with members?

ADivided equally among all members regardless of purchases

BPatronage dividend based on purchases

CBased on the number of meetings attended by each member

DDistributed as a fixed percentage of the initial share capital

Answer:

B. Patronage dividend based on purchases

Read Explanation:

.


Related Questions:

A state level co-operative Banking institution which does not perform any normal banking business
Area of operation is a Raiffeisen Bank:
Which lending product is most closely aligned with PACS’s mandate for seasonal agricultural operations?

Consider the following Statements about NCDC and identify the wrong.

  1. The General Counal is the supreme body of NCDC and shapes its policies and programs.
  2. General Council consists of 12 members.
  3. The General Council of NCD is headed by the Union Minister of Cooperation (chairman).
  4. The team of the General Council and Board of NCDC is 5 years, and it is reconstituted by the Central Government every 3 years.
    In which of these, a person is continually chased / followed by another person or a group of various people ?