Solution:

Types of Co-operative Societies:

(1) Producers Co-operative Society:-

• They manage their own business right from production upto retail sales their eliminating the middle area.
• They are their own bosses and they are theirown employees. They put in hand works and learn how to work in team spirit.
• eg: Milk and dairy products Co-operative Society in villages.

(2) Consumers Co-operative Society:-

• In this form of co-operative consumers living in a particular area come together, open a stock, buy goods directly from the manufactures and sell it at wholesale late to its members.

• eg: Malleswaram Co-operative Society, Bangalore.

(3) Housing Co-operative Society:-

• In this form of Co-operative, employees of an organisation come together, buys large plots of land at a cheap rate, convert theme into sites, and help its members to build their own houses.

• eg: B.E.L. Employees Housing Co-operative Society.

(4) Co-operative Banks:-

• In this form of co-operative members of the general public come together, contribute capital and start a bank.

• The bank accepts fixed deposits, extends loan facilities and encourages entrepreneurship among its members.eg: Sir. M. Visvesvaraya Co-operative bank.

Advantages of Co-operative Societies:

• Daily needs of life are available at low rates.

• It is a democratic form of ownership.

• Middlemen are avoided and so both produces and consumers are benefited.

• Holding of stocks and blade marketing are eliminated Once head costs are reduced because of honorary services by the members.