Multiple choice

The first type of cooperative societies established in India were

  1. marketing societies

  2. credit societies

  3. housing societies

  4. agriculture societies
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Credit cooperative societies were the first type of cooperatives established in India, starting with the establishment of the first cooperative credit society in 1904 in Maharashtra. These were modeled after the German cooperative system and focused on providing rural credit to farmers, who were exploited by moneylenders.

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