GENERAL KNOWLEDGE

GK

CO OPERATION CO OPERATIVE SOCIETIES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Interest Rate of Deposits of a Co-operative Credit Societies are fixed by
A
RBI
B
General Body
C
Registrar
D
Government
Explanation: 

Detailed explanation-1: -Explanation: The Consumer’s cooperative societies are formed to protect the interest of consumers. Its members are consumers who want to obtain good quality products at reasonable prices. Hence, B is the correct option.

Detailed explanation-2: -The Registrar, Cooperative Societies, delegated by the Lt. Governor, Delhi under Delhi Cooperative Societies Act, 2003, heads the Cooperative Department and assumes a crucial part in checking the working of Cooperative Societies enrolled under the Act.

There is 1 question to complete.