Q. With reference to ‘Co-operative Societies in India’, consider the following statements:
1. It is the duty of the State to promote cooperative societies under Article 43-B of Indian Constitution.
2. As per the Constitution, the subject of Cooperative Societies falls under the Concurrent list.
Which of the statements given above is/are correct?
Answer: A
Notes:
Exp) Option a is the correct answer.
Statement 1 is correct: The 97thConstitutional Amendment Act of 2011 gave a constitutional status and protection to cooperative societies. It included a new Directive Principle of State Policy on promotion of cooperative societies (Article 43-B).
Statement 2 is incorrect: “Cooperative Societies” is a Subject of State List (not the Concurrent List) in the 7th Schedule via entry 32 of the State List in the Constitution of India.
