The key function of……………………..is for the board to hold those in charge of making decisions on behalf of the cooperative society accountable for the outcomes of those decisions.

Related MCQs

• ………………..was a combination of three erstwhile cooperative institutes namely Cochin Cooperative Institute of 1930, North Malabar Cooperative Union of 1932 and Travancore Cooperative Institute of 1947.
• In the ……………..the board evaluates the cooperative society’s financial position to determine whether or not the budgeted objectives are being met and what actions should be taken to improve the situation.
• In the ……………….the Board members discuss long-term goals and strategy and ensure that a good planning process is in place to guide the cooperative society in the coming year(s).
• Anational level cooperative union The ………….was organized in 1949 by amalgamating the All India Cooperative Institutes Association of 1928 and Indian Provincial Banks Association of 1949.
• ………………………..has a 3 tier system of cooperative training consisting of, VAMNICOM at the apex level, Institute of Cooperative Management (ICM)/co-operative training colleges at the middle level and subordinate training centres or Junior Training Centres at lower level.
• The ……………….will fix the authorized maximum amount of debts that the cooperative society may contract with any credit supply organization.
• Every society shall maintain ……………….. , containing all vouchers for contingent expenditure incurred by the society, numbered serially and filed chronologically
• Every society shall maintain ……………….. showing the indebtedness of each member to the society whether on account of loan taken directly by him or on account of loan which he stands as surety.
• Every balance sheet of a co-operative society shall give …………………… view of the state of affairs of the society as at the end of the Co-operative year.
• An ……………………………convenes once a year on a date fixed by the bylaws of the cooperative but, not later than three months after the end of the financial year.