Question

Credit Co-operatives had its origin in :

• A. England
• B. Sweden
• C. Italy
• D. Germany

Answer 1

Answer:

D. Germany

• Origin of co-operative movement:
• England is the birth place of co-operative movement in the world.
• Co-operative movement originated as consumer movement in the second half of 18th century (1750 onwards).

England is considered as the “Mecca of co-operative movement”

• Cradle of co-operative movement - England
• Cradle of consumer co-operative movement - England
• Birth place of housing co-operatives - England
• Cradle of credit co-operative movement - Germany
• 1^st Co-operative basis society in the world - Shoe potters co-operative Society (1998), England
• 1^st co-operative society in the world - Wool wick & Chatton Co-operative Society (1760)
• Fenwick weavers society started in Scotland on - March 14, 1761 (16 weavers)

[CSEB യുടെ answer key യിൽ 1760 ഉം, PSC യുടെ answer key യിൽ 1761 ഉം ]