Question

When was the Cooperative Credit Society Act passed?

• A. 1904
• B. 1912
• C. 1914
• D. 1919

Hint:

The 1904 Act laid the foundation for cooperative movements in India, especially in rural credit.

Answer 1

The Correct Option is A

Step 1: Background.
The Cooperative Credit Societies Act was the first law in India related to cooperative societies. It was enacted in 1904 to provide credit to farmers and promote cooperative banking.
Step 2: Analyzing the options.
(A) 1904: Correct — the first Cooperative Credit Societies Act was passed in 1904.
(B) 1912: Another Act came in 1912, but it was not the first.
(C) 1914: Incorrect.
(D) 1919: Incorrect.
Step 3: Conclusion.
Thus, the Cooperative Credit Societies Act was passed in 1904.