A distinguishing characteristic of consumer co-operative society is that the
- the maximum number of shareholders is 20
-
members are the owners
- members are the workers
- the minimum number of shareholders is 5
The correct answer is: B
Explanation
Some Characteristics of consumers' co-operative society:
(1) A consumers' co-operative society is a voluntary association of persons and is registered under the Co-operative Societies Act owned and run by members.
(2) The membership of these stores is open to all the adults.
(3) There is a democratic control and management of the affairs of these societies.