GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1911
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1912
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1913
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1914
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Detailed explanation-1: –No member of a registered society shall exercise the rights of a member unless or until he has made such payment to the society in respect of membership or acquired such interest in the society, as may be prescribed by the rules or by-laws.
Detailed explanation-2: -The Cooperative Credit Societies Act, 1904 was amended in 1912, with a view to broad basing it to enable organisation of non-credit societies. The Maclagan Committee of 1915 was appointed to review their performance and suggest measures for strengthening them.
Detailed explanation-3: -In 1904, the first Act on Cooperative Credit Societies was passed. The new Cooperative Societies Act was passed in 1912 to remove the shortcomings of the previous Act. b. The first cooperative societies movement was started in Karnataka in Kanaginahal village (1905).