International Co-operative Alliance Highlights

Q.  Which of the following is/are true regarding International Co-operative Alliance?

1) It was started in 1895.
2) It was started for solving trade related issues amongst countries.
- Published on 18 Nov 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Only 1
 
  • The International Co-operative Alliance (ICA) is a non-governmental co-operative federation or, more precisely, a co-operative union representing co-operatives and the co-operative movement worldwide.
  • It was founded in 1895 to unite, represent and serve co-operatives worldwide. The Alliance maintains the internationally recognised definition of a co-operative in the Statement on the Co-operative Identity.
  • The Alliance provides a global voice and forum for knowledge, expertise and co-ordinated action for and about co-operatives.
  • Its headquarters is in Geneva, Switzerland.
  • The members of the Alliance are international and national co-operative organisations from all sectors of the economy, including agriculture, banking, consumer, fisheries, health, housing, insurance, and workers.

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