Q. With reference to Cooperative Societies consider the following statements:
1.Multi-State Cooperative Societies come under the Union Government whereas the State Cooperative Societies are under the State Governments.
2.All members in a Cooperative Society have equal rights in handling the internal affairs.
3.The surplus generated by these societies is dispensed equally among the members.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D
Notes:

Explanation –

Statement 1, 2 and 3 are correct. Multi-State Cooperative Societies come under the Union Government whereas the State Cooperative Societies are under the State Governments. All members in a Cooperative Society have equal rights in handling the internal affairs. The surplus generated by these societies is dispensed equally among the members.

Source: ForumIAS