McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
| 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 | |
| 26. |
. …………….pre-supposes the dominance of the State, whereas the co- operative movement does not accept State interference. |
| A. | co-operation |
| B. | capitalism |
| C. | socialism |
| D. | trade unionism |
| Answer» C. socialism | |
| 27. |
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 | |
| 28. |
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 | |
| 29. |
The …………is the Chief Executive Officer of the ICA. |
| A. | director general |
| B. | president |
| C. | vice president |
| D. | board |
| Answer» A. director general | |
| 30. |
The …………… presides over the General assembly and Board of ICA. |
| A. | director general |
| B. | president |
| C. | vice president |
| D. | board |
| Answer» B. president | |
| 31. |
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 | |
| 32. |
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 | |
| 33. |
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 | |
| 34. |
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 | |
| 35. |
Expand ICA |
| A. | international cooperative alliance |
| B. | international cooperative association |
| C. | international cooperative agriculture |
| D. | international cooperative assistance |
| Answer» A. international cooperative alliance | |
| 36. |
Expand ICFO |
| A. | international cooperative fisheries organisation |
| B. | international cooperative financing organisation |
| C. | international cooperative finance organisation |
| D. | international cooperative food organisation |
| Answer» A. international cooperative fisheries organisation | |
| 37. |
Expand CICOPA |
| A. | international organisation of industrial artisanal and service producers cooperatives |
| B. | confederation of international cooperation of producers and agriculturists |
| C. | international organisation of agriculture and service producers cooperatives |
| D. | cooperative institute of consumers and agricultural producers |
| Answer» A. international organisation of industrial artisanal and service producers cooperatives | |
| 38. |
Expand ICBA |
| A. | international cooperative banking association |
| B. | international cooperative banking alliance |
| C. | international cooperative british agriculture |
| D. | international consumer bank alliance |
| Answer» A. international cooperative banking association | |
| 39. |
Expand TICA |
| A. | international association of tourism |
| B. | tourism international cooperative and associated |
| C. | tourism industry cooperative association |
| D. | international tourism cooperative and associated |
| Answer» B. tourism international cooperative and associated | |
| 40. |
Expand IFAP |
| A. | international federation of agricultural producers |
| B. | international finance for agricultural producers |
| C. | inter-country finance for agricultural produce |
| D. | international food association of pakistan |
| Answer» A. international federation of agricultural producers | |
| 41. |
Expand AARRO |
| A. | afro asian rural reconstruction organisation |
| B. | african agricultural rural reconstruction organisation |
| C. | asian agricultural rural reconstruction organisation |
| D. | alliance of asian rural reconstruction organisations |
| Answer» A. afro asian rural reconstruction organisation | |
| 42. |
Expand ICFTU |
| A. | international confederation of free trade unions |
| B. | international conference of finance in trade unions |
| C. | international conference of financing tourism unions |
| D. | international confederation of free tour unions |
| Answer» A. international confederation of free trade unions | |
| 43. |
The Deccan Agriculturists’ Relief Act was passed in ………….. |
| A. | 1879 |
| B. | 1889 |
| C. | 1979 |
| D. | 1909 |
| Answer» A. 1879 | |
| 44. |
The Land Improvement Loans Act was passed in…………….. |
| A. | 1983 |
| B. | 1883 |
| C. | 1873 |
| D. | 1884 |
| Answer» B. 1883 | |
| 45. |
The Agriculturists Loan Act was passed in ……………… |
| A. | 1983 |
| B. | 1883 |
| C. | 1873 |
| D. | 1884 |
| Answer» D. 1884 | |
| 46. |
The Madras Government sent……………….for studying the cooperative movements in European countries. |
| A. | sir federik nicholson |
| B. | sir edward law |
| C. | dr. william king |
| D. | sir maclagan |
| Answer» A. sir federik nicholson | |
| 47. |
The Government of India appointed in 1901 a Committee under the Presidentship of ………..to study the question of starting cooperative credit societies in India. |
| A. | sir federik nicholson |
| B. | sir edward law |
| C. | dr. william king |
| D. | sir maclagan |
| Answer» B. sir edward law | |
| 48. |
The Cooperative Credit Societies Act was passed in……… |
| A. | 1901 |
| B. | 1902 |
| C. | 1903 |
| D. | 1904 |
| Answer» D. 1904 | |
| 49. |
The Cooperative Societies Act was passed in ……………. |
| A. | 1911 |
| B. | 1912 |
| C. | 1913 |
| D. | 1914 |
| Answer» B. 1912 | |
| 50. |
The Reserve Bank of India was established in ……….. |
| A. | 1921 |
| B. | 1922 |
| C. | 1933 |
| D. | 1935 |
| Answer» D. 1935 | |
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.