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Indian EconomyMedium

Kudumbashree, one of the largest networks of women's self-help groups in India, belongs to which State?

  1. A.Kerala
  2. B.Bihar
  3. C.Andhra Pradesh
  4. D.Gujarat

Correct answer

A. Kerala

Explanation

The correct answer is A, Kerala. Kudumbashree, which means prosperity of the family, was launched in 1998 as a poverty eradication and women's empowerment mission of the State government working through neighbourhood groups, area development societies and community development societies, and it is among the largest women's networks in the country. Option B, Bihar, runs Jeevika, the Bihar Rural Livelihoods Project, which built a similar federation of women's groups from 2006. Option C, Andhra Pradesh, has a long record of women's groups through its own rural poverty project and is the State where group lending spread earliest, which makes it a plausible choice. Option D, Gujarat, is the home of the dairy cooperatives at Anand and of the Self Employed Women's Association, a trade union of women workers, but not of Kudumbashree.

Read the full article: Cooperatives and Self-Help Groups: Acts, NABARD and SHGs

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Q1.Indian EconomyEasy

Which was the first cooperative law enacted in India?

  1. A.The Cooperative Credit Societies Act, 1904
  2. B.The Cooperative Societies Act, 1912
  3. C.The Multi-State Cooperative Societies Act, 1984
  4. D.The Banking Regulation Act, 1949
Show answer
Correct answer: A. The Cooperative Credit Societies Act, 1904

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.

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Q4.Indian EconomyEasy

NABARD was established in which year?

  1. A.1969
  2. B.1975
  3. C.1982
  4. D.1991
Show answer
Correct answer: C. 1982

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.

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Q5.Indian EconomyMedium

In the three-tier short-term cooperative credit structure, which institution works at the village level?

  1. A.The State Cooperative Bank
  2. B.The District Central Cooperative Bank
  3. C.The Primary Agricultural Credit Society
  4. D.The Regional Rural Bank
Show answer
Correct answer: C. The Primary Agricultural Credit Society

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.

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