GK
CO OPERATION CO OPERATIVE SOCIETIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cooperative values
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Cooperative principles
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Cooperative values and principles
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None of the above
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Detailed explanation-1: -The Act makes special provision for registration and functions of Federal Co-operative Societies. In 2002, the Government of India enunciated a National Cooperative Policy. The objective of the Policy is to facilitate an all round development of cooperatives in the country.
Detailed explanation-2: -The correct answer is State list. The Seventh Schedule to the Constitution of India defines and specifies the allocation of powers and functions between Union & States. It contains three lists; i.e. 1) Union List, 2) State List and 3) Concurrent List. “Cooperative Societies” is on the State list.
Detailed explanation-3: -What are the multi-state co-operative societies? Multi-State Co-Operative Societies (MSCS) are those cooperative societies that can have operations in multiple states and are registered with the Central Cooperation Registrar instead of the state registrar.