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Consider the following statements and choose the correct statements.

  1. Only Credit Society can be formed under the 1904 act.
  2. The 1904 Act provided the legal protection to the Society Other than credit Society.
  3. Post the 1904 Act, societies or associations were registered under the Co-operative Societies Act of 1900.
  4. Apex, Central, federal, non - credit Societies or Co-operative unions cannot start under the 1904 Act·

    ANone of these

    Bi, iv correct

    CAll are correct

    Dii, iv correct

    Answer:

    B. i, iv correct

    Read Explanation:

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    Which of the following statements are incorrect regarding the 1904 act.

    1. Rural Society shall have 1/5th of their members as agriculturist.
    2. Edward law Committee stated that the movement did not take long to agrow the dreams of its founders.
    3. The Co-operative Credit Societies Act of 1904 was the first Co-operative legislation in India.
    4. 1904 Act is also known as the Act 10 of 1904

      Consider the following statements and choose the incorrect statement about the 1904 Act.

      1. Audit inspection and enquiry could not be conducted
      2. Credit and non credit Societies can be formed under the 1904 Act
      3. Only individuals allowed as members under the 1904 Act
      4. Prior to the 1904 Act, Society was registered under the companies act of 1882