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Revision Notes

Cooperative Organisation — Revision Notes

ICSE · Class 11 · Commerce

Cooperative Organisation revision notes for ICSE Class 11 Commerce: 4 topics in quick points. Part of the ICSE Class 11 Commerce syllabus.

43 questions40 flashcards5 concepts

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Key Topics to Revise

1

Meaning and Definitions

  • A cooperative society is a voluntary association of persons with common interests.
  • It is formed to protect and promote the economic interests of members.
  • The spirit of cooperation is based on mutual help, equality, and democratic working.
2

Essential Features and Principles

  • Voluntary association is the first feature of a cooperative society.
  • Membership is open and members are free to join or leave after due notice.
  • There is no restriction based on caste, creed, or religion.
3

Difference Between Joint Stock Company and Cooperative Society

  • A joint stock company is formed under the Companies Act, while a cooperative society is generally formed under the Cooperative Societies Act, 1912.
  • A joint stock company has profit motive, while a cooperative society has service motive.
  • Shares of a joint stock company are transferable, while shares of a cooperative society are not freely transferable.
4

Types of Cooperative Organisations

  • Consumer's cooperatives provide essential commodities of standard quality at fair prices.
  • Consumer cooperatives eliminate middlemen and buy goods directly from wholesalers and manufacturers.
  • Profits of consumer cooperatives are distributed among members in proportion to their purchases during the year.

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Full Notes

Key Concepts

A cooperative organisation is a voluntaryProfMembership in a cooperative societyThe management of a cooperative societyThe liability of members is restricted

Frequently Asked Questions

What are the important topics in Cooperative Organisation for ICSE Class 11 Commerce?
Key topics in Cooperative Organisation include Meaning and Definitions, Essential Features and Principles, Difference Between Joint Stock Company and Cooperative Society, Types of Cooperative Organisations. Study these first, then practise questions on each for Class 11 exams.
How should I revise Cooperative Organisation for Class 11 exams?
Learn the core ideas first, then work through the 43 practice questions on Cooperative Organisation. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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All ICSE Class 11 Commerce Revision Notes

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