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Arrange the following institutions in the chronological order of its formation. Select your answer from the choices given below.

  1. The Cochin Central Co-operative Bank.

  2. Trivandrum Central Co-operative Bank.

  3. The Malabar Co-operative Central Bank

A2,3,1

B3,1,2

C2,1,3

D3,2,1

Answer:

A. 2,3,1

Read Explanation:

  • 'Trivandrum Central Co-operative Bank' was the first Co-operative Society to be formed in the former princely State of Travancore. It started functioning as a Bank in 1916.

  • The Malabar Co-operative Central Bank (MCC Bank) was registered in 1917.

  • The Cochin Central Co-operative Bank was formed in 1918. It was based on British co-operative movement.


Related Questions:

Identify the wrong statement from the following on Committee on Cooperative Law 1957.
Audit reports of --- are to be placed before the legislature.

Consider the following statements on voting rights as per Cooperative Societies Act, 1912. Which of the below statements are correct?

  1. In limited liability societies, voting right is decided by the bylaw of the society
  2. In societies with unlimited liability, voting right is limited to one vote per member.
  3. The proxy appointed by a registered society, for voting in the affairs of another society, should be its member.