McqMate
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 | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.