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MCQs · Q3

Q.The first co-operative law in India, marking the formal beginning of the organised co-operative movement in the country, was the: (A) Co-operative Societies Act, 1912
(B) Co-operative Credit Societies Act, 1904
(C) Maharashtra Co-operative Societies Act, 1960
(D) Montagu-Chelmsford Reforms, 1919

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India's first co-operative law was the Co-operative Credit Societies Act of 1904, passed mainly to allow the formation of credit societies that could give farmers loans at reasonable rates.

(A) Co-operative Societies Act, 1912 — incorrect; this came later and widened the movement to all types of societies, but it was not the first law.

(B) Co-operative Credit Societies Act, 1904 — correct; the first co-operative law in India and the formal start of the organised movement. …

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