GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Since the inception of the co-operative movement, rural credits has been
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institutionalized
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rationalized
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cheapened
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All of the above
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Explanation:
Detailed explanation-1: -The co-operative movement in the Indian context in the pre-independence era can be classified into four phases. They are-(a) initiation stage (1904-1911), (b) modification stage (1912-1918), (c) expansion stage (1919-1929) and (d) restructuring stage (1930-1946).
Detailed explanation-2: -In 1844 the Rochdale Pioneers founded the modern Co-operative Movement in Lancashire, England, to provide an affordable alternative to poor-quality and adulterated food and provisions, using any surplus to benefit the community.
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