In which one of the following does the subject of Co-operative Societies fall?

a) Union List

b) State List

c) Concurrent List

d) Residuary Power of Union Government

Ans-[B]

Explanation- In India, Co-operative Societies were regarded as ideal instruments to motivate the people to come together and help themselves in the process of eliminating the unscrupulous middlemen making huge profit at the expense of the society. The Cooperative Credit Societies Act, 1904 enabled formation of cooperatives for supplying to farmers cheap credit and protect them from exploitation in the hands of moneylenders. The Cooperative Societies Act, 1912 expanded the sphere of cooperation and provided for supervision by central organization. A cooperative society, which has its object the promotion of the economic interests of its members in accordance with the co-operative principles may be registered with limited or unlimited liability by filing application accompanied by copy of its byelaws and signed by at least 10 adult members of the same locality, class, caste, tribe or occupation (Sec.4 to 9).