send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
Consider the following statements regarding Cooperative societies in India.
Cooperatives are enterprises which are owned, controlled and run by its members.
In India, the first cooperative society emerged after Independence.
Majority of the cooperative societies in India are governed by laws in their respective states.
Select the correct statement.
1&2 only
2&3 only
1&3 only
All of the above
Only statements 1&3 are correct.
By definition, cooperatives are organisations formed at the grassroots level by people to harness the power of collective bargaining towards a common goal.
The history of cooperative societies dates back to the pre-Independence era, in response to the agrarian distress and overall indebtedness.
In agriculture, cooperative dairies, sugar mills, spinning mills etc are formed with the pooled resources of farmers who wish to process their produce. In banking and finance, cooperative institutions are spread across rural and urban areas. There are also cooperative marketing societies in rural areas and cooperative housing societies in urban areas.
Amul is a successful example of a dairy cooperative society.
Agriculture and cooperation are in the state list, which means state governments can govern them. A majority of the cooperative societies are governed by laws in their respective states.
Hence option 3rd is correct.
By: Shubham Tiwari ProfileResourcesReport error
Access to prime resources
New Courses