When was the Cooperative Societies Act first passed in India?

Q. When was the Cooperative Societies Act first passed in India?

(a) 1990

(b) 1902

(c) 1904

(d) 1906

Ans: (c) 1904

Explanation: The Cooperative Societies Act was first passed in India in (c) 1904. The Cooperative Societies Act of 1904 was enacted to provide a legal framework for the formation and functioning of cooperative societies in India. The act aimed to promote cooperative efforts among individuals for their social and economic betterment. It laid down the rules and regulations regarding the registration, management, and operation of cooperative societies in various sectors such as agriculture, credit, housing, and consumer cooperatives. The act has since been amended and updated to accommodate changing needs and circumstances.