Cooperation as a subject of legislation falls in which list of the Seventh Schedule?
- A.The Union List
- B.The State List
- C.The Concurrent List
- D.It is a residuary subject
Correct answer
Explanation
The correct answer is B, the State List, where cooperative societies appear as entry thirty-two, which is why every State has its own cooperative societies Act and its own registrar of cooperative societies. Option A, the Union List, is wrong as a general answer, though the incorporation and regulation of societies whose objects are not confined to one State is a Union entry, which is the basis of the Multi-State Cooperative Societies Act, 2002. Option C, the Concurrent List, is the commonest wrong answer, because candidates assume that a subject on which both Parliament and the States have legislated must be concurrent; here the central Act rests on a different entry instead. Option D is wrong because residuary powers under Article 248 cover subjects mentioned in no list at all. This division is also why the Supreme Court insisted on State ratification for Part IXB.
Read the full article: Cooperatives and Self-Help Groups: Acts, NABARD and SHGs
Practice Questions
View allWhich was the first cooperative law enacted in India?
- A.The Cooperative Credit Societies Act, 1904
- B.The Cooperative Societies Act, 1912
- C.The Multi-State Cooperative Societies Act, 1984
- D.The Banking Regulation Act, 1949
Show answer
It was the first law on the subject and gave village credit societies a legal form, following the recommendation of the Famine Commission and the study of European land banks by Frederick Nicholson, with the German Raiffeisen societies as the model.
Read the full explanation →Which Part of the Constitution dealing with cooperative societies was inserted by the 97th Amendment?
- A.Part IXA
- B.Part IXB
- C.Part XIVA
- D.Part IVA
Show answer
The correct answer is B, Part IXB, made up of Articles 243ZH to 243ZT, which the Constitution (Ninety-seventh Amendment) Act, 2011 inserted to lay down rules on the board of a cooperative society, its five-year term, reservation of seats, audit and elections.
Read the full explanation →NABARD was established in which year?
- A.1969
- B.1975
- C.1982
- D.1991
Show answer
The National Bank for Agriculture and Rural Development began work on 12 July 1982 on the recommendation of the Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development, chaired by B. Sivaraman, and it has its head office at Mumbai.
Read the full explanation →In the three-tier short-term cooperative credit structure, which institution works at the village level?
- A.The State Cooperative Bank
- B.The District Central Cooperative Bank
- C.The Primary Agricultural Credit Society
- D.The Regional Rural Bank
Show answer
The correct answer is C, the Primary Agricultural Credit Society, the body of farmer members in a village or a group of villages that lends directly to the cultivator for seed, fertiliser and other short-term needs.
Read the full explanation →The SHG-Bank Linkage Programme was launched as a pilot project by NABARD in which year?
- A.1982
- B.1992
- C.1999
- D.2011
Show answer
NABARD began the programme as a pilot, linking a few hundred self-help groups to banks so that a group with a record of regular saving and internal lending could borrow as a single account, and it has grown into the largest microfinance programme in the world measured by households reached.
Read the full explanation →