UPSC Exam > UPSC Questions > Consider the following statements regarding N...
Start Learning for Free
Consider the following statements regarding National Cooperative Development Corporation:
- It is a statutory body established by an Act of Parliament.
- It works under the Ministry of Cooperation.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Consider the following statements regarding National Cooperative Devel...
National Cooperative Development Corporation had earlier launched its own initiative named Sahakar– 22, during FY 2017-18.
- This initiative of NCDC included the following:
- FOCUS 222 – NCDC’s focused assistance for Cooperatives in 222 Districts (including 117 Aspirational Districts identified by NITI Aayog);
- PACS HUB – Transformation of PACS and other Coops as Apna Kisan Resource Centers;
- AENEC - Act East and North East Cooperatives;
- CEMtC - Centres of Excellence to Market through Cooperatives;
- SAHAKAR PRAGYA - Capacity Development through Laxmanrao Inamdar National Academy for Cooperative Research Development (LINAC).
Key Facts about NCDC
- The National Cooperative Development Corporation (NCDC) was established by an Act of Parliament in 1963 as a statutory Corporation.
- Nodal Ministry: The Ministry of Cooperation.
- Functions
- Planning, promoting and financing programmes for production, processing, marketing, storage, export and import of agricultural produce, food stuffs, certain other notified commodities e.g. fertilisers, insecticides, agricultural machinery, lac, soap, kerosene oil, textile, rubber etc.,
- Supply of consumer goods and collection, processing, marketing, storage and export of minor forest produce through cooperatives, besides income generating stream of activities such as poultry, dairy, fishery, sericulture, handloom etc.
Hence both statements are correct.
Free Test
FREE
| Start Free Test |
Community Answer
Consider the following statements regarding National Cooperative Devel...
Explanation:
The correct answer is option 'C', i.e., both statement 1 and statement 2 are correct.
Statement 1: It is a statutory body established by an Act of Parliament.
Statement 2: It works under the Ministry of Cooperation.
Explanation of Statement 1:
The National Cooperative Development Corporation (NCDC) is indeed a statutory body established by an Act of Parliament. It was created through the National Cooperative Development Corporation Act, 1962, which was enacted by the Indian Parliament. This Act provides for the establishment of the NCDC and outlines its functions, powers, and organizational structure. As a statutory body, the NCDC operates within the legal framework defined by this Act.
Explanation of Statement 2:
The National Cooperative Development Corporation (NCDC) does work under the Ministry of Cooperation. The Ministry of Cooperation is a ministry of the Government of India that was established in July 2021. Its primary objective is to strengthen and promote cooperatives as a separate organization and legal entity. The NCDC, being a key institution involved in the development and promotion of cooperatives in India, operates under the administrative control of the Ministry of Cooperation.
Conclusion:
Both statement 1 and statement 2 are correct. The National Cooperative Development Corporation (NCDC) is a statutory body established by an Act of Parliament, and it operates under the Ministry of Cooperation.
The correct answer is option 'C', i.e., both statement 1 and statement 2 are correct.
Statement 1: It is a statutory body established by an Act of Parliament.
Statement 2: It works under the Ministry of Cooperation.
Explanation of Statement 1:
The National Cooperative Development Corporation (NCDC) is indeed a statutory body established by an Act of Parliament. It was created through the National Cooperative Development Corporation Act, 1962, which was enacted by the Indian Parliament. This Act provides for the establishment of the NCDC and outlines its functions, powers, and organizational structure. As a statutory body, the NCDC operates within the legal framework defined by this Act.
Explanation of Statement 2:
The National Cooperative Development Corporation (NCDC) does work under the Ministry of Cooperation. The Ministry of Cooperation is a ministry of the Government of India that was established in July 2021. Its primary objective is to strengthen and promote cooperatives as a separate organization and legal entity. The NCDC, being a key institution involved in the development and promotion of cooperatives in India, operates under the administrative control of the Ministry of Cooperation.
Conclusion:
Both statement 1 and statement 2 are correct. The National Cooperative Development Corporation (NCDC) is a statutory body established by an Act of Parliament, and it operates under the Ministry of Cooperation.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Consider the following statements regarding National Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
Question Description
Consider the following statements regarding National Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding National Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements regarding National Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements regarding National Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements regarding National Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements regarding National Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding National Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements regarding National Cooperative Development Corporation: It is a statutory body established by an Act of Parliament. It works under the Ministry of Cooperation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup