Consumer Cooperatives – MCQs

1. : A consumer cooperative is primarily owned and controlled by:
(A) Retailers
(B) Producers
(C) Consumers who use its services
(D) Government agencies

2. : The main objective of a consumer cooperative is to:
(A) Maximize profits for investors
(B) Provide quality goods at fair and reasonable prices
(C) Eliminate all forms of competition
(D) Promote export-oriented trade

3. : The Rochdale Society of Equitable Pioneers (1844) is considered the first successful:
(A) Producer cooperative
(B) Worker cooperative
(C) Consumer cooperative
(D) Retailer cooperative

4. : Consumer cooperatives distribute surplus or profits to members usually on the basis of:
(A) Wages earned
(B) Number of shares owned
(C) Patronage or amount of purchases made
(D) Equal distribution to all citizens

5. : Which of the following is a modern example of consumer cooperatives?
(A) REI (Recreational Equipment, Inc.) in the USA
(B) Mondragón Corporation in Spain
(C) Amul in India
(D) Rabobank in the Netherlands

6. : Which cooperative principle is most emphasized in consumer cooperatives?
(A) Member Economic Participation
(B) Concern for Community
(C) Autonomy and Independence
(D) Cooperation Among Cooperatives

7. : Consumer cooperatives are usually formed to protect members from:
(A) Low wages
(B) High retail prices and exploitation by middlemen
(C) Limited access to agricultural inputs
(D) Poor governance in enterprises

8. : In a consumer cooperative, voting rights are based on:
(A) One member, one vote
(B) One share, one vote
(C) Number of purchases made
(D) Government allotments

9. : One major challenge of consumer cooperatives today is:
(A) Decline of member participation and loyalty
(B) Lack of professional management
(C) Competition from large retail chains
(D) All of the above

10. : The consumer cooperative movement initially emerged as a response to:
(A) Harsh working conditions of industrial workers
(B) Need for affordable housing
(C) Expansion of global finance
(D) Government taxation policies