Which of the following is not a feature of co-operative society?
Answer Details
Votes according to shares held is not a feature of a cooperative society.
In a cooperative society, each member has one vote, regardless of the number of shares they hold. This democratic structure ensures that all members have equal say in the decision-making process, regardless of their financial contribution.
The other options listed are all features of a cooperative society. Owners are also the customers, meaning that the members of the cooperative society are the ones who use the goods or services provided by the society. Capital can be repaid to a member if the society has surplus funds and decides to distribute them. Dividend is based on patronage, which means that members receive a share of the profits based on their use of the society's goods or services.
Overall, the key features of a cooperative society include democratic control, voluntary membership, economic participation by members, and autonomy and independence.