International Day of Co-operatives

International Day of Co-operatives

Question: International days of Co-operatives is celebrated on …
(a) 15th June
(b) 1st July, (1st Saturday in July)
(c) 5th July
(d) 10th July
Ans:(b)

  • On 1st July, (1st Saturday in July) International Day of Cooperatives was celebrated by Co-operators around the world.
  • Theme of International Day of Cooperatives, 2017 is ‘Co-operatives ensure no-one is left behind’.
  • Based on ethical values and principles, co-operative model open membership access to wealth creation and poverty elimination.
  • Co-operatives work on principle of members’ economic participation: ‘Members contribute equitably to, and democratically control, the capital of their co-operative.’
  • Co-operatives are people-centred, not capital-centred , they do not perpetuate, nor accelerate capital concentration and they distribute wealth in a more fair way.
  • United Nations General Assembly proclaimed the International Day of Cooperatives by the UN by resolution 47/90 of 16 December 1992.
  • International day of Cooperatives is celebrated on 1 July (first Saturday in July).

Reference:
http://www.un.org/en/events/cooperativesday/