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The basic characteristics of co-operative society include all except one

The basic characteristics of co-operative society include all except one
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A It is managed democratically
  • B It follows the principle of one man
  • C Amateur Management
  • D Extra capital is raised through loan
Correct Answer: Option B
Explanation:
Basic features of a cooperative society
Voluntary Association
Open Membership
Service Motive
State Control
Democratic Management
Separate Legal Entity
Distribution of Surplus

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