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Consider the following statements regarding Cooperatives.
  1. Cooperatives fall in the Concurrent list of the 7th Schedule.
  2. Forming Cooperatives is a fundamental right under 107th Constitutional Amendment Act.
  3. Promotion of Cooperatives is also a constitutional directive to the state mentioned under the DPSP.
Which of the above statements is/are correct?
  • a)
    1, 3 
  • b)
    3 only 
  • c)
    2, 3 
  • d)
    1, 2
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Cooperatives. Cooperatives...
Explanation:

Statement 1: Cooperatives fall in the Concurrent list of the 7th Schedule.
- This statement is incorrect. Cooperatives fall under the State list of the 7th Schedule of the Indian Constitution. States have the power to enact laws related to cooperatives.

Statement 2: Forming Cooperatives is a fundamental right under 107th Constitutional Amendment Act.
- This statement is incorrect. The formation of cooperatives is not explicitly mentioned as a fundamental right under the 107th Constitutional Amendment Act. However, the Act does provide for the promotion of cooperative societies.

Statement 3: Promotion of Cooperatives is also a constitutional directive to the state mentioned under the DPSP.
- This statement is correct. Directive Principles of State Policy (DPSP) in the Indian Constitution direct the state to promote the formation of cooperative societies for the economic development of the country. This is mentioned under Article 43B of the Constitution.
Therefore, the correct answer is option B, i.e., statement 3 only.
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Consider the following statements regarding Cooperatives. Cooperatives...
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Consider the following statements regarding Cooperatives. Cooperatives fall in the Concurrent list of the 7th Schedule. Forming Cooperatives is a fundamental right under 107th Constitutional Amendment Act. Promotion of Cooperatives is also a constitutional directive to the state mentioned under the DPSP.Which of the above statements is/are correct?a)1, 3b)3 onlyc)2, 3d)1, 2Correct answer is option 'B'. Can you explain this answer?
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