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?
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