1. Bachelor of Commerce (B Com)
  2. Co-operative Theory, Principles and Prac...
  3. Set 1

Co-operative Theory, Principles and Practice Solved MCQs

Take a Test
1.

The International Co-operative Alliance appointed a sub-committee in ……….. for the first reformulation of Principles of Co-operative Sector.

A. 1934
B. 1964
C. 1954
D. 1944
Answer» A. 1934
2.

For the second reformulation of Principles of Co-operative Sector, The International Co-operative Alliance appointed a sub-committee in ……………

A. 1964
B. 1935
C. 1954
D. 1944
Answer» A. 1964
3.

The International Co-operative Alliance revised the co-operative principles for the third time in its Manchester Congress in ………….

A. 1964
B. 1995
C. 1934
D. 1994
Answer» B. 1995
4.

From the functional point of view the co-operative societies have been classified as

A. unregistered and auxiliary
B. unregistered and registered
C. rural and urban
D. primary and secondary
Answer» A. unregistered and auxiliary
5.

From the legal point of view the co-operative societies have been classified as

A. unregistered and auxiliary
B. unregistered and registered
C. rural and urban
D. primary and secondary
Answer» B. unregistered and registered
6.

…………………has been compared to a “State within A State”

A. state
B. cooperation
C. capitalism
D. socialism
Answer» B. cooperation
7.

……………..plays an equalizing role as a welfare factor in a capitalistic economy.

A. socialism
B. trade unionism
C. joint stock companies
D. cooperation
Answer» D. cooperation
8.

…………….. and ……………….. are the two pioneers of cooperative movement in Germany.

A. f. w. raiffeisen and franz schulze
B. robert owen and dr. william king
C. f.w raiffeisen and dr. william king
D. robert owen and franz schulze
Answer» A. f. w. raiffeisen and franz schulze
9.

In ……… societies, the area of operation was large and membership ran into thousands.

A. raiffeisen
B. schulze-delitzsch
C. both of them
D. none of these
Answer» B. schulze-delitzsch
10.

In ……………….societies, the area of operation was limited to one village or if that village happened to be small, then two or three villages were combined together.

A. raiffeisen
B. schulze-delitzsch
C. both of them
D. none of these
Answer» A. raiffeisen
11.

In … ……..societies, the surplus funds were not distributed as dividends but kept as reserves.

A. raiffeisen
B. schulze-delitzsch
C. both of them
D. none of these
Answer» A. raiffeisen
12.

Robert Owen was born in …………………….

A. 14th may 1771
B. 15th may 1771
C. 14th may 1881
D. 15th may 1881
Answer» A. 14th may 1771
13.

……………........is the father of cooperation in England.

A. robert owen
B. dr. william king
C. c.r. fay
D. rochdale pioneers
Answer» A. robert owen
14.

The Brighton Cooperative Benevolent Association and the Cooperative Trading Association was formed by…………………….

A. robert owen
B. dr. william king
C. c.r. fay
D. rochdale pioneers
Answer» B. dr. william king
15.

The “Rochdale Friendly Cooperative Society” was formed in …………..

A. 1830
B. 1930
C. 1730
D. 1630
Answer» A. 1830
16.

On 21/12/1844, the Rochdale Pioneers established a society with a working capital of …………..

A. 28 pounds
B. 200 pounds
C. 50 pounds
D. 100 pounds
Answer» A. 28 pounds
17.

………….. is a voluntary and democratic association of human beings, based on equality of control, opportunity, distribution and mutuality for the promotion of their common interests as producers or consumers.

A. organization
B. company
C. co-operation
D. non-profit organization
Answer» C. co-operation
18.

…………… serves as an organizational instrument for the economically weaker producers-farmers, artisans or workers and consumers for strengthening themselves and protecting themselves against the exploitation by the stronger.

A. organization
B. company
C. co-operation
D. non-profit organization
Answer» C. co-operation
19.

The word ………… literally means to work together or act together.

A. organization
B. company
C. co-operation
D. association
Answer» C. co-operation
20.

The I.C.A appointed a Commission in ………………….. to ascertain how far the principles of the Rochdale as defined by I.C.A in 1937 are observed today and the reasons for any non-observance.

A. october, 1964
B. october, 1984
C. november, 1964
D. november, 1984
Answer» A. october, 1964
21.

. ……………..is based on the principle of self interest, maximization of profits and exploitation.

A. co-operation
B. capitalism
C. socialism
D. trade unionism
Answer» B. capitalism
22.

…………is based on the principle of self-help through mutual help, abolition of profits and service above self help.

A. co-operation
B. capitalism
C. socialism
D. trade unionism
Answer» A. co-operation
23.

In ……………….form of business organization profit earning is the fundamental motive.

A. co-operation
B. capitalism
C. socialism
D. trade unionism
Answer» B. capitalism
24.

In…………….. each works for all and all work for each.

A. co-operation
B. capitalism
C. socialism
D. trade unionism
Answer» A. co-operation
25.

In …………. the state is supreme, while in …………… the individual freedom occupies the front position.

A. co-operation, capitalism
B. capitalism, co-operation
C. socialism, capitalism
D. socialism, co-operation
Answer» C. socialism, capitalism
Tags
Question and answers in Co-operative Theory, Principles and Practice, Co-operative Theory, Principles and Practice multiple choice questions and answers, Co-operative Theory, Principles and Practice Important MCQs, Solved MCQs for Co-operative Theory, Principles and Practice, Co-operative Theory, Principles and Practice MCQs with answers PDF download