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Consider the following statements regarding National Export Co-operative Society.
- National Export Co-operative Society is established under the Multi State Cooperative Societies (MSCS) Act, 2002.
- National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) will act as the sole promoter for the National Export Co-operative Society.
- It will provide end-to-end services to the cooperatives, like it will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product.
Which of the above statement sis/are correct?
- a)1, 2
- b)1 only
- c)1, 3
- d)1, 2, 3
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding National Export Co-operati...
- National Export Co-operative Society was approved by the Union Cabinet. It is established under the Multi State Cooperative Societies (MSCS) Act, 2002.
- Leading cooperatives — Indian Farmers Fertiliser Cooperative Limited (IFFCO), Krishak Bharati Cooperative Limited (KRIBHCO), National Agricultural Cooperative Marketing Federation of India (NAFED), Gujrat Cooperative Milk Marketing Federation (GCMMF), better known as Amul and National Cooperative Development Corporation (NCDC) will be the promoters of the Society.
- The Society will be different from the Export Promotion Council under the Ministry of Commerce that only acts as a facilitator and provides information about the potential markets that can be tapped for a particular product.
- This Society will provide end-to-end services to the cooperatives. It will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product.
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Consider the following statements regarding National Export Co-operati...
The correct answer is option C: 1, 3.
Explanation:
- National Export Co-operative Society is established under the Multi State Cooperative Societies (MSCS) Act, 2002. This is the first statement, and it is correct. The National Export Co-operative Society is a cooperative society that operates at a national level and is governed by the provisions of the MSCS Act, 2002.
- National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) will act as the sole promoter for the National Export Co-operative Society. This is the second statement, and it is incorrect. The National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is a separate entity and is not directly involved in the promotion of the National Export Co-operative Society. The National Export Co-operative Society is an independent cooperative society that can have its own promoters.
- It will provide end-to-end services to the cooperatives, like it will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product. This is the third statement, and it is correct. The National Export Co-operative Society is established to provide comprehensive services to cooperatives involved in exports. These services include opening foreign bank accounts, completing all the necessary formalities for exporting a product, and obtaining the required permissions and clearances.
In summary, the correct statements are 1 and 3. The National Export Co-operative Society is established under the MSCS Act, 2002, and it provides end-to-end services to cooperatives involved in exports. However, the second statement regarding NAFED acting as the sole promoter for the National Export Co-operative Society is incorrect.
Explanation:
- National Export Co-operative Society is established under the Multi State Cooperative Societies (MSCS) Act, 2002. This is the first statement, and it is correct. The National Export Co-operative Society is a cooperative society that operates at a national level and is governed by the provisions of the MSCS Act, 2002.
- National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) will act as the sole promoter for the National Export Co-operative Society. This is the second statement, and it is incorrect. The National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is a separate entity and is not directly involved in the promotion of the National Export Co-operative Society. The National Export Co-operative Society is an independent cooperative society that can have its own promoters.
- It will provide end-to-end services to the cooperatives, like it will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product. This is the third statement, and it is correct. The National Export Co-operative Society is established to provide comprehensive services to cooperatives involved in exports. These services include opening foreign bank accounts, completing all the necessary formalities for exporting a product, and obtaining the required permissions and clearances.
In summary, the correct statements are 1 and 3. The National Export Co-operative Society is established under the MSCS Act, 2002, and it provides end-to-end services to cooperatives involved in exports. However, the second statement regarding NAFED acting as the sole promoter for the National Export Co-operative Society is incorrect.
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Consider the following statements regarding National Export Co-operative Society. National Export Co-operative Society is established under the Multi State Cooperative Societies (MSCS) Act, 2002. National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) will act as the sole promoter for the National Export Co-operative Society. It will provide end-to-end services to the cooperatives, like it will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product.Which of the above statement sis/are correct?a)1, 2b)1 onlyc)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding National Export Co-operative Society. National Export Co-operative Society is established under the Multi State Cooperative Societies (MSCS) Act, 2002. National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) will act as the sole promoter for the National Export Co-operative Society. It will provide end-to-end services to the cooperatives, like it will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product.Which of the above statement sis/are correct?a)1, 2b)1 onlyc)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding National Export Co-operative Society. National Export Co-operative Society is established under the Multi State Cooperative Societies (MSCS) Act, 2002. National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) will act as the sole promoter for the National Export Co-operative Society. It will provide end-to-end services to the cooperatives, like it will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product.Which of the above statement sis/are correct?a)1, 2b)1 onlyc)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding National Export Co-operative Society. National Export Co-operative Society is established under the Multi State Cooperative Societies (MSCS) Act, 2002. National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) will act as the sole promoter for the National Export Co-operative Society. It will provide end-to-end services to the cooperatives, like it will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product.Which of the above statement sis/are correct?a)1, 2b)1 onlyc)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding National Export Co-operative Society. National Export Co-operative Society is established under the Multi State Cooperative Societies (MSCS) Act, 2002. National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) will act as the sole promoter for the National Export Co-operative Society. It will provide end-to-end services to the cooperatives, like it will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product.Which of the above statement sis/are correct?a)1, 2b)1 onlyc)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding National Export Co-operative Society. National Export Co-operative Society is established under the Multi State Cooperative Societies (MSCS) Act, 2002. National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) will act as the sole promoter for the National Export Co-operative Society. It will provide end-to-end services to the cooperatives, like it will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product.Which of the above statement sis/are correct?a)1, 2b)1 onlyc)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding National Export Co-operative Society. National Export Co-operative Society is established under the Multi State Cooperative Societies (MSCS) Act, 2002. National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) will act as the sole promoter for the National Export Co-operative Society. It will provide end-to-end services to the cooperatives, like it will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product.Which of the above statement sis/are correct?a)1, 2b)1 onlyc)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements regarding National Export Co-operative Society. National Export Co-operative Society is established under the Multi State Cooperative Societies (MSCS) Act, 2002. National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) will act as the sole promoter for the National Export Co-operative Society. It will provide end-to-end services to the cooperatives, like it will open foreign bank accounts and complete all the formalities, including necessary permissions for exporting a product.Which of the above statement sis/are correct?a)1, 2b)1 onlyc)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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