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.

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.
• ………………….. sets organizational objectives and goals, forecasts the environment in which objectives must be accomplished, and determines the approach by which objectives and goals are to be accomplished.
• 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.
• 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).
• 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.
• 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.
• Organizing is a bridge connecting the planned objectives to specific projects for accomplishing these objectives.
• In the ………………….the board of directors reports to membership, reviewing the past business year and the year’s financial statements.
• 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.