McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
Co-operative banks are regulated by the Reserve Bank of India under which act? |
| A. | Banking Regulation Act, 1949 |
| B. | Banking Laws (Application to Co-operative Societies) Act, 1965 |
| C. | Negotiable Instrument Act–1881 |
| D. | Both (A) and (B) |
| Answer» D. Both (A) and (B) | |
| 2. |
Co-operative banks which work at a metropolitan level are called as? |
| A. | District Central Co-operative Bank |
| B. | State Co-operative Bank |
| C. | Primary Urban Co-operative Bank |
| D. | Primary Agricultural Credit Societies |
| Answer» C. Primary Urban Co-operative Bank | |
| 3. |
Which one of the apex bodies regulates the cooperative banks in India? |
| A. | NABARD |
| B. | RBI |
| C. | Sponsor Banks |
| D. | Both A and B |
| Answer» B. RBI | |
| 4. |
All banks registered under the ___________ are considered co-operative banks. |
| A. | Banking Regulation Act 1949 |
| B. | The Bankers’ Books Evidence Act–1891 |
| C. | Cooperative Societies Act, 1912 |
| D. | Both (A) and (C) |
| Answer» C. Cooperative Societies Act, 1912 | |
| 5. |
Who manages the registration and management activities of Urban co-operative banks in India? |
| A. | RBI |
| B. | NABARD |
| C. | RCS |
| D. | None of the above |
| Answer» C. RCS | |
| 6. |
Which of these are at the lowest rung of Rural Cooperative banking structure in India? |
| A. | State Cooperative Banks |
| B. | District Central Cooperative Banks |
| C. | Primary Agricultural Credit Societies |
| D. | None of the above |
| Answer» C. Primary Agricultural Credit Societies | |
| 7. |
When was the first law, regulating the working of cooperative societies, was promulgated by British India Government? |
| A. | 1902 |
| B. | 1904 |
| C. | 1907 |
| D. | 1908 |
| Answer» B. 1904 | |
| 8. |
Where was the first society under Cooperative Societies Act 1904 registered in India? |
| A. | Madurai |
| B. | Kanjipoorum |
| C. | Gaya |
| D. | Panaji |
| Answer» B. Kanjipoorum | |
| 9. |
Who regulates the functioning of District Cooperative Banks in India? |
| A. | State Government |
| B. | RBI |
| C. | State Cooperative Banks |
| D. | None |
| Answer» B. RBI | |
| 10. |
Which of these committees was formed in 1915 to review the performance of cooperative societies and suggest measures for strengthening them? |
| A. | Raja Hari Committee |
| B. | Maclagan Committee |
| C. | Saraiya Committee |
| D. | Frederick Nicholson Committee |
| Answer» B. Maclagan Committee | |
| 11. |
Which of these committees in 1945 recommended the setting up of a Cooperative Training College in every state? |
| A. | Saraiya Committee |
| B. | Maclagan Committee |
| C. | Narsimaham Committee |
| D. | Rajagopalachari Committee |
| Answer» A. Saraiya Committee | |
| 12. |
Which was the first Cooperative Bank established in India? |
| A. | Bharat Cooperative Bank Limited |
| B. | Kangra Central Co-operative Bank Limited |
| C. | Anyonya Co-operative Bank Limited |
| D. | Abhyudaya Co-operative Limited |
| Answer» C. Anyonya Co-operative Bank Limited | |
| 13. |
Which of these is a Cooperative Bank in India? |
| A. | Cosmos Bank |
| B. | SVC Bank |
| C. | Janata Sahakari Bank |
| D. | All of the above |
| Answer» D. All of the above | |
| 14. |
Which is the largest cooperative bank of India presently? |
| A. | Saraswat Bank |
| B. | NKGSB Bank |
| C. | Apna Sahakari Bank L |
| Answer» A. Saraswat Bank | |
| 15. |
The members of a Co-operative Society have ______________ liability. |
| A. | Joint |
| B. | Limited |
| C. | Unlimited |
| D. | Joint and Several |
| Answer» B. Limited | |
| 16. |
The President of a Co-operative Society is |
| A. | Owner |
| B. | Officer |
| C. | Advisor |
| D. | Employees |
| Answer» B. Officer | |
| 17. |
Which of the following organizational structure is followed by Co-operatives in India? |
| A. | Federal Structure |
| B. | Unitary Structure |
| C. | Centralized Structure |
| D. | Decentralized Structure |
| Answer» A. Federal Structure | |
| 18. |
Interest Rate of Deposits of a Co-operative Credit Societies are fixed by |
| A. | RBI |
| B. | General Body |
| C. | Registrar |
| D. | Government |
| Answer» C. Registrar | |
| 19. |
The Rules and Regulations of a Co-operative Society is formed in its |
| A. | Bylaws |
| B. | General Body |
| C. | Co-operative Act |
| D. | Co-operative rules |
| Answer» C. Co-operative Act | |
| 20. |
The binding up of a co-operative Society means |
| A. | Liquidation |
| B. | Registration |
| C. | Amalgamation |
| D. | Reconstruction |
| Answer» A. Liquidation | |
| 21. |
Co-operative societies with area of operation more than two states is registered by |
| A. | Central Government |
| B. | Central Registrar |
| C. | NCUI |
| D. | RBI |
| Answer» B. Central Registrar | |
| 22. |
Admission of members and allocation of shares in a Co-operative Society is the duty of |
| A. | Managing committee |
| B. | General Body |
| C. | Secretary |
| D. | President |
| Answer» A. Managing committee | |
| 23. |
An important document for the membership in a Co-operative Society is |
| A. | Receipt |
| B. | Passbook |
| C. | Identity card |
| D. | Minute book |
| Answer» C. Identity card | |
| 24. |
__________ is based on the principle of self-help through mutual help, abolition of profits and service above self help. |
| A. | socialism |
| B. | capitalism |
| C. | co-operation |
| D. | trade unionism |
| Answer» C. co-operation | |
| 25. |
DCCBs |
| A. | District Central Cooperative Banks |
| B. | Director of Central Cooperative Banks |
| C. | Danish Credit Cooperative Banks |
| D. | Dane Creative Cooperative Banks |
| Answer» A. District Central Cooperative Banks | |
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