Cooperatives
Q. Which of the following is/are true regarding Cooperative Societies?
1) Right to form co-operative societies is only a legal right
2) Co-operatives have been in the directive principles since adoption of the constitution
3) Right to form co-operative societies is a fundamental right- Published on 12 Jul 16a. 1, 3
b. 1, 2
c. 2, 3
d. All of the above
ANSWER: 2, 3
The 97th Constitutional Amendment Act of 2011 gave a constitutional status and protection to co-operative societies. In this context, it made the following three changes in the constitution:
- It made the right to form co-operative societies a fundamental right (Article 191).
- It included a new Directive Principle of State Policy on promotion of co-operative societies (Article 43-B).
- It added a new Part IX-B in the Constitution which is entitled “The Co-operative Societies” (Articles 243-ZH to 243-ZT).
