The Equitable Labour Exchange founded by Robert Owen was located in:

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ANew York, USA

BNew Lanark, Scotland

CGray's Inn Road, London, England

DBirmingham, England

Answer:

Equitable Labour Exchange (1832)

Background

After the failure of New Harmony (USA), Robert Owen returned to England.
He was not discouraged and continued to pursue his cooperative ideas.
He started the Equitable Labor Exchange to promote fair trade and worker empowerment.

Related Questions:

Which of these statements are true?

Statement 1: No banking Company shall grant any loans or advances on the security of its own shares.
Statement 2: Advance against their own shares is not allowed by banks, because these are prohibited under RBI Act of 1934.

Which one of the following statement/ Statements are incorrect about the disqualification of the member of the Managing Committee?

In case of Committee members, the persons carrying on the same business carried out by the society.
If he is not a paid employee of the Society or any other society
If he is interested directly or indirectly in any contract made by the Society.
He should be the legal advisor or legal practitioner on behalf of the Society