Multiple Choice Questions on The Co operative Societies Act was passed in India in the year ........ for SEBI Grade A ( Officer) Exam Preparation

Cooperative Societies Act

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Indian Economy - Understanding the basics of Indian economic system

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    The Co-operative Societies Act  was passed in India in the year

    1904

    Incorrect Answer

    1912

    Correct Answer

    1919

    Incorrect Answer

    1949

    Incorrect Answer
    Explanation:

    The correct answer is Option 2: 1912.

    Explanation:
    The Co-operative Societies Act of 1912 was enacted in India to provide a legal framework for the registration, regulation, and functioning of co-operative societies. It replaced the earlier Co-operative Credit Societies Act of 1904, which was focused only on credit co-operatives. The 1912 Act expanded its scope to include non-credit co-operative societies and laid the foundation for the co-operative movement in India, promoting self-help and mutual assistance among members.


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