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120+ Co-operative Theory and Practice Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) , Bachelor of Commerce in Co-operation (B.Com Co-operation) .

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 Cooperative 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.

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

A. state
B. cooperation
C. capitalism
D. socialism
Answer» B. cooperation
5.

……………..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
6.

………….. 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
7.

…………… 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
8.

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

A. organization
B. company
C. co-operation
D. association
Answer» C. co-operation
9.

. 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
10.

. . ……………..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
11.

. …………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
12.

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

A. co-operation
B. capitalism
C. socialism
D. trade unionism
Answer» B. capitalism
13.

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

A. co-operation
B. capitalism
C. socialism
D. trade unionism
Answer» A. co-operation
14.

. 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
15.

. . …………….pre-supposes the dominance of the State, whereas the cooperative movement does not accept State interference.

A. co-operation
B. capitalism
C. socialism
D. trade unionism
Answer» C. socialism
16.

. The principles of ‘Voluntary Association’ and Democratic Management’ are the guidelines for ……………….

A. co-operation
B. capitalism
C. socialism
D. trade unionism
Answer» A. co-operation
17.

. International Cooperative Alliance was founded by the International Cooperative Congress held in London in ……………

A. 1895
B. 1875
C. 1865
D. 1995
Answer» A. 1895
18.

. The …………is the Chief Executive Officer of the ICA.

A. director general
B. president
C. vice president
D. board
Answer» A. director general
19.

. The …………… presides over the General assembly and Board of ICA.

A. director general
B. president
C. vice president
D. board
Answer» B. president
20.

. The ICA has ………………..member organizations around the world from …………..different countries as on 26th March 2013.

A. 271, 96
B. 226, 82
C. 290, 101
D. 215, 71
Answer» A. 271, 96
21.

. The main office of Regional Office for Asia and the Pacific of ICA is at……………

A. new delhi
B. singapore
C. jakarta
D. beijing
Answer» A. new delhi
22.

. Expand CCW

A. consumer cooperative worldwide
B. consumer cooperative wild life
C. cooperatives of consumers worldwide
D. world consumers cooperatives
Answer» A. consumer cooperative worldwide
23.

. Expand ICAO

A. international cooperative agricultural organisation
B. international cooperative aquaculture organisation
C. international cooperative artisan organisation
D. international cooperative arts organisation
Answer» A. international cooperative agricultural organisation
24.

. The Cooperative Credit Societies Act was passed in………

A. 1901
B. 1902
C. 1903
D. 1904
Answer» D. 1904
25.

. The Cooperative Societies Act was passed in …………….

A. 1911
B. 1912
C. 1913
D. 1914
Answer» B. 1912
26.

. The Reserve Bank of India was established in ………..

A. 1921
B. 1922
C. 1933
D. 1935
Answer» D. 1935
27.

. In the ……………..five year plan the Central Committee for Cooperative Training was established

A. first
B. second
C. third
D. fourth
Answer» B. second
28.

. In …………….the National Cooperative Development Corporation(NCDC) was established for strengthening the cooperative activities.

A. 1961
B. 1962
C. 1963
D. 1964
Answer» C. 1963
29.

. Expand NCDC

A. national cooperative development corporation
B. national cooperative dairy corporation
C. national consumers development corporation
D. national consumers dairy cooperative
Answer» A. national cooperative development corporation
30.

. In the ……………….five year plan the All India Rural Credit Review Committee was set up.

A. first
B. second
C. third
D. fourth
Answer» D. fourth
31.

. In 1970 the Reserve bank of India set up the ………………for the review of rural credit system.

A. all india rural credit review committee
B. national cooperative development corporation
C. committee of direction of the rural credit survey
D. all of the above
Answer» A. all india rural credit review committee
32.

The …………….Committee constituted to Review the Arrangements for Institutional Credit for Agriculture and Rural Development in 1981, recommended the establishment of NABARD.

A. sivaraman
B. sir maclagan
C. khusro
D. brahm prakash
Answer» A. sivaraman
33.

. The Sivaraman Committee constituted to Review the Arrangements for Institutional Credit for Agriculture and Rural Development in 1981, recommended the establishment of……………..

A. nabard
B. ncdc
C. ncui
D. all of the above
Answer» A. nabard
34.

. The Sivaraman Committee was constituted in the …………..five year plan and it recommended the establishment of NABARD.

A. second
B. fourth
C. sixth
D. eighth
Answer» C. sixth
35.

. The ………………….committee was appointed by the Planning Commission of India to prepare a Model Cooperative Bill.

A. sivaraman
B. sir maclagan
C. khusro
D. brahm prakash
Answer» D. brahm prakash
36.

. In India cooperative legislation started in …………..

A. 1904
B. 1912
C. 1901
D. 1882
Answer» A. 1904
37.

. The shortcomings in the Act of 1904 was removed by another legislation known as………….

A. cooperative societies act of 1912.
B. the model cooperative act
C. constitution amendment bill
D. none of these
Answer» A. cooperative societies act of 1912.
38.

. The ……………committee,1945 observed that the Act of 1912 needed revision in certain respects and recommended that the provinces in which the cooperative societies act of 1912 was in force should pass special acts keeping in view their past experience and the future needs of the movement.

A. sivaraman
B. sir maclagan
C. khusro
D. saraiya
Answer» D. saraiya
39.

. The report submitted by the ………………….. consisted of two volumes: the first contained Model Cooperative Societies Bill and Rules and the second volume contained model bye-laws for various types of societies.

A. committee on cooperative law in 1955
B. committee of direction of all india rural credit survey 1954
C. saraiya committee
D. none of the above
Answer» A. committee on cooperative law in 1955
40.

. A novel form of cooperative organization known as Producer Company was introduced by amending the …………………..

A. companies act, 1956
B. companies act, 1913
C. cooperative societies act of 1904
D. cooperative societies act of 1912
Answer» A. companies act, 1956
41.

. NCUI is…………

A. national cooperative union of india
B. natural coir union of india
C. national coir union of india
D. national commission for universities in india
Answer» A. national cooperative union of india
42.

. PACS is

A. primary agricultural cooperative society
B. primary association of credit societies
C. primary agricultural credit society
D. primary assocation of credit societies
Answer» C. primary agricultural credit society
43.

LAMPS stands for

A. large sized multipurpose cooperative societies
B. large sized adivasi multipurpose cooperative societies
C. large agricultural multipurpose cooperative societies
D. none of the above
Answer» B. large sized adivasi multipurpose cooperative societies
44.

DCCBs stands for

A. district central cooperative banks
B. director of central cooperative bank
C. danish credit cooperative bank
D. dane creative cooperative band.
Answer» A. district central cooperative banks
45.

SCARDBs stands for

A. state cooperative agriculture and rural development banks
B. state credit and rural development banks
C. state cooperative and rural development banks
D. state credit and rural data bank
Answer» A. state cooperative agriculture and rural development banks
46.

. SCBs stand for

A. state cooperative banks
B. state credit banks
C. social cooperative board
D. society for cooperative business
Answer» A. state cooperative banks
47.

NAFED stands for

A. national agricultural cooperative marketing federation
B. national agricultural and fisheries marketing federation
C. national association of fisheries marketing federation
D. national apex federation
Answer» A. national agricultural cooperative marketing federation
48.

. The ………………. Established in 1958 has been playing an important role in the development of cooperative marketing in India.

A. national agricultural cooperative marketing federation
B. national agricultural and fisheries marketing federation
C. national association of fisheries marketing federation
D. national apex federation
Answer» A. national agricultural cooperative marketing federation
49.

. The National Agricultural Cooperative Marketing Federation established in …………. has been playing an important role in the development of cooperative marketing in India.

A. 1958
B. 1968
C. 1908
D. 1918
Answer» A. 1958
50.

. The first marketing cooperative was organized at ………. In the former Bombay province in 1915

A. hubli
B. thane
C. pune
D. kalyan
Answer» A. hubli

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