The constitution of India has put the onus of making laws with respect to the incorporation, regulation and winding up the "co-operative societies" upon__?
1. Legislative Assemblies of States
2. Local Self Governments
Select the correct option from the codes given below:
 

Answer: [A] Only 1

The incorporation, regulation and winding up of co-operative societies (other than those operating in more than one State) is a State subject and is governed by the State laws on co-operative societies. In the case of co-operatives with objects not confined to one State, their incorporation, regulation and winding up fall in the central domain and are governed by the Multi-State Co-operative Societies Act, 2002. 

This question is a part of GKToday's Integrated IAS General Studies Module