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Consider the following statements regarding the National Cooperative Database (NCD), recently seen in the news:
1. It is a digital dashboard wherein data of cooperative societies, including both National and State Federations have been captured.
2. It is an initiative of the Ministry of Statistics and Programme Implementation.
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 'A'. Can you explain this answer?
Verified Answer
Consider the following statements regarding the National Cooperative D...
The Cooperation Minister will launch the National Cooperative Database (NCD) to foster a cooperative-centric economic model.
About National Cooperative Database (NCD):
- It is an initiative of the Ministry of Cooperation.
- Under this initiative, the Ministry of Cooperation has recognized the imperative need for a robust database to capture vital information about India's vast cooperative sector.
- NCD has been developed in collaboration with State Governments, National Federations and stakeholders, and aims to foster a cooperative-centric economic model.
- It is a web-based digital dashboard wherein data of cooperative societies, including National/State Federations have been captured.
- The data of cooperative societies has been entered and validated by States/ UTs nodal officials at RCS/ DRCS offices, and the data of federations has been provided by various national/state federations.
- NCD has collected/mapped information about 8 lakh cooperatives with collective membership of more than 29 crores spread across various sectors in the country.
- The information collected from cooperative societies are on various parameters, such as their registered name, date, location, number of members, sectoral information, area of operation, economic activities, financial statements, status of audit etc.
- NCD serves as a crucial tool for efficient communication between the Central Ministry, States/UTs, and Cooperative Societies, benefiting all stakeholders in the cooperative sector.
- The database provides comprehensive contact details for registered societies, facilitating smooth communication between government entities and these societies.
- NCD offers a myriad of benefits, including:
- Single-point access
- comprehensive and updated data
- user-friendly interface
- vertical and horizontal linkages
- query-based reports and graphs
- Management Information System (MIS) reports
- data analytics
- Geographical Mapping
Hence only statement 1 is correct.
Most Upvoted Answer
Consider the following statements regarding the National Cooperative D...
Explanation:
1. National Cooperative Database (NCD)
The National Cooperative Database (NCD) is a digital dashboard that captures data of cooperative societies, including both National and State Federations. It aims to provide a comprehensive database of cooperative societies across the country.
2. Ministry of Statistics and Programme Implementation
The initiative of creating the National Cooperative Database (NCD) is not led by the Ministry of Statistics and Programme Implementation. This statement is incorrect as the NCD is not under the jurisdiction of this ministry.
Therefore, the correct answer is option 'A) 1 only. Statement 1 is correct as it accurately describes the National Cooperative Database, while statement 2 is incorrect as the initiative is not associated with the Ministry of Statistics and Programme Implementation.
1. National Cooperative Database (NCD)
The National Cooperative Database (NCD) is a digital dashboard that captures data of cooperative societies, including both National and State Federations. It aims to provide a comprehensive database of cooperative societies across the country.
2. Ministry of Statistics and Programme Implementation
The initiative of creating the National Cooperative Database (NCD) is not led by the Ministry of Statistics and Programme Implementation. This statement is incorrect as the NCD is not under the jurisdiction of this ministry.
Therefore, the correct answer is option 'A) 1 only. Statement 1 is correct as it accurately describes the National Cooperative Database, while statement 2 is incorrect as the initiative is not associated with the Ministry of Statistics and Programme Implementation.
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Consider the following statements regarding the National Cooperative Database (NCD), recently seen in the news:1. It is a digital dashboard wherein data of cooperative societies, including both National and State Federations have been captured.2. It is an initiative of the Ministry of Statistics and Programme Implementation.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 'A'. Can you explain this answer?
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