Cooperative Laws in India Quiz

Which of the following existed in India even before formal cooperative laws were enacted?

• Nationalized Banks

• Regional Rural Banks

• Chit Funds and Bhishies

• Scheduled Commercial Banks

The "Phads" and "Lanas" were early examples of:

• Dairy cooperatives

• Agricultural cooperation

• Housing societies

• Industrial cooperatives

The main cause behind the demand for agricultural banks in the late 19th century was:

• Increase in exports

• Rural indebtedness and agricultural distress

• Urban unemployment

• Decrease in land prices

Which commission in 1901 recommended the establishment of rural agricultural banks?

• Hunter Commission

• Famine Commission

• Royal Commission on Agriculture

• Banking Commission

The Cooperative Credit Societies Act was passed in:

• 1902

• 1906

• 1904

• 1912

Which act allowed for the registration of non-credit cooperatives and federations?

• Cooperative Credit Societies Act, 1904

• Cooperative Societies Act, 1912

• Bombay Cooperative Act, 1925

• MSCS Act, 1984

The Maclagen Committee (1914) emphasized:

• Privatization of cooperatives

• Reducing the number of cooperatives

• A three-tier cooperative credit structure

• Centralization of cooperative management

The Government of India Act, 1919 made Cooperation a:

• Central subject

• Provincial subject

• Concurrent subject

• Union subject

Which principle was introduced by the Bombay Cooperative Societies Act, 1925?

• Double voting

• Compulsory savings

• One-man one-vote

• Profit maximization

The Multi-Unit Cooperative Societies Act was passed in:

• 1940

• 1942

• 1945

• 1951