Co-operative Societies Act was enacted in which year?

a. 1912

b. 1949

c. 1935

d. 1913

ANSWER: 1912

Explanation:

The Co-operative Societies Act was enacted in the year 1912.

This Act may be called the Co-operative Societies Act, 1912; and

It extends to [the whole of India except 3 [the territories which, immediately before the 1st November, 1956, were comprised in Part B States].

Co-operative Banks in India

The structure of cooperative network in India can be divided into 2 broad segments -

1. Urban Cooperative Banks

2. Rural Cooperative Banks