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. |
Co-operative movement originated first in |
| A. | germany |
| B. | england |
| C. | france |
| D. | spain |
| Answer» B. england | |
| 2. |
Co-operative Principles are associated with __________ committee. |
| A. | craficard |
| B. | karve |
| C. | nicholson |
| D. | gorwala |
| Answer» B. karve | |
| 3. |
Which of the following organizational structure is followed by Co-operatives in India? |
| A. | unitary structure |
| B. | federal structure |
| C. | centralized structure |
| D. | decentralized structure |
| Answer» B. federal structure | |
| 4. |
The Chairman of the committee which suggest criteria to determine the genuiness of membership in Co-operatives? |
| A. | madhavadas |
| B. | v.l.mehta |
| C. | b.sivaraman |
| D. | r.n.mirdha |
| Answer» D. r.n.mirdha | |
| 5. |
The formation of Indian Co-operative movement is closely associated with which of the following person? |
| A. | edward law |
| B. | vaikunta mehta bhai |
| C. | frederic nicholson |
| D. | jawaharlal nehru |
| Answer» C. frederic nicholson | |
| 6. |
‘One man one vote’ principle was recommended by ---------- Committee |
| A. | gorwala |
| B. | mac lagan |
| C. | minto morley |
| D. | montague chelmsford |
| Answer» B. mac lagan | |
| 7. |
________ is the first Co-operative Societies Act in India. |
| A. | 1904 |
| B. | 1901 |
| C. | 1884 |
| D. | 1879 |
| Answer» A. 1904 | |
| 8. |
First state co-operative act was passed by |
| A. | bombay state |
| B. | madras state |
| C. | bihar state |
| D. | orissa state |
| Answer» A. bombay state | |
| 9. |
Maclagan committee was appointed in the year |
| A. | 1910 |
| B. | 1911 |
| C. | 1912 |
| D. | 1914 |
| Answer» D. 1914 | |
| 10. |
Royal Commission was appointed by |
| A. | government of india |
| B. | rbi |
| C. | sbi |
| D. | madras provision govt. |
| Answer» A. government of india | |
| 11. |
10% of profit transferred to charitable purpose deals in _______ Act at first |
| A. | 1904 |
| B. | 1912 |
| C. | 1919 |
| D. | 1925 |
| Answer» B. 1912 | |
| 12. |
NCDC was established in : |
| A. | 1963 |
| B. | 1962 |
| C. | 1975 |
| D. | 1974 |
| Answer» A. 1963 | |
| 13. |
Chairman of the committee on consumption credit (1976) |
| A. | gadgil |
| B. | b. sivaraman |
| C. | s.g.sarriyah |
| D. | v.c. mehta |
| Answer» B. b. sivaraman | |
| 14. |
The committee responsible for the evaluation of Co-operative farming societies |
| A. | gadgil |
| B. | venkatapathi |
| C. | mirdha |
| D. | calvert |
| Answer» A. gadgil | |
| 15. |
Expand NDDB: |
| A. | national diary development board |
| B. | national diary development business |
| C. | national diary development basis |
| D. | national diary development bench |
| Answer» A. national diary development board | |
| 16. |
The Kerala Co-operative Societies Act 1969, came into effect on _____. |
| A. | 1-4-1969 |
| B. | 15-4-1969 |
| C. | 1-5-1969 |
| D. | 15-5-1969 |
| Answer» D. 15-5-1969 | |
| 17. |
_______ is the law relating Co-operative Societies in the State. |
| A. | kcsa 1969 |
| B. | kcsa 1970 |
| C. | kcsa 1914 |
| D. | kcsa 1913 |
| Answer» A. kcsa 1969 | |
| 18. |
Name the first society organized under Travancore Co-op. Societies Act |
| A. | kottayam central co-operative bank |
| B. | travancore central co-operative bank |
| C. | koilam central co-operative bank |
| D. | trivandrum central co-operative bank |
| Answer» D. trivandrum central co-operative bank | |
| 19. |
______ number of persons are required for registration in a Co-operative Society. |
| A. | 25 |
| B. | 10 |
| C. | 8 |
| D. | 11 |
| Answer» B. 10 | |
| 20. |
According to Section _________ the government may appoint a person to be the registrar. |
| A. | 3(1) |
| B. | 3(2) |
| C. | 3(3) |
| D. | 3(4) |
| Answer» A. 3(1) | |
| 21. |
According to rule _______ lies down the classification of society. |
| A. | 14 |
| B. | 15 |
| C. | 13 |
| D. | 16 |
| Answer» B. 15 | |
| 22. |
Rule 16 and 20 of the Societies Act lies down two procedures for getting: |
| A. | identity card |
| B. | membership |
| C. | registration |
| D. | none of these |
| Answer» B. membership | |
| 23. |
Section 18 of the Act, a Society can admit individual as a: |
| A. | nominal member |
| B. | active member |
| C. | sleeping member |
| D. | none of these |
| Answer» A. nominal member | |
| 24. |
Co-operative Societies shall pay audit fees to government within _______of receipt of annual audit certificate. |
| A. | 2 months |
| B. | 6 months |
| C. | 3 months |
| D. | 1 month |
| Answer» D. 1 month | |
| 25. |
________ is considered the supreme authority of a society. |
| A. | committee |
| B. | manning committee |
| C. | adhoc committee |
| D. | general body |
| Answer» D. general body | |
| 26. |
The determination of dispute by the decision of one or more persons is called: |
| A. | arbitration |
| B. | audit |
| C. | surcharge |
| D. | none of these |
| Answer» A. arbitration | |
| 27. |
The election of the members of the committee shall be conducted according to the rule _______ of the Act. |
| A. | 35 |
| B. | 34 |
| C. | 33 |
| D. | 32 |
| Answer» A. 35 | |
| 28. |
Sec. 65 deals with ______ |
| A. | enquiry |
| B. | audit |
| C. | election |
| D. | appointment |
| Answer» A. enquiry | |
| 29. |
Rule 69 specifies the ________ procedure. |
| A. | liquidation |
| B. | arbitration |
| C. | registration |
| D. | none of these |
| Answer» A. liquidation | |
| 30. |
_______ is a document issued by the Court directing a person to appear before a Court. |
| A. | decree |
| B. | award |
| C. | summons |
| D. | none of these |
| Answer» C. summons | |
| 31. |
______ is filing a petition by the aggrieved party before a higher authority. |
| A. | decree |
| B. | order |
| C. | appeal |
| D. | none of these |
| Answer» C. appeal | |
| 32. |
The area of Central Co-operative Bank is : |
| A. | all india |
| B. | kerala |
| C. | india except j.k |
| D. | a revenue district |
| Answer» D. a revenue district | |
| 33. |
Sec. ______ provides that a Society arc exempted from stamp duty. |
| A. | 36 |
| B. | 38 |
| C. | 40 |
| D. | 41 |
| Answer» C. 40 | |
| 34. |
The KSCU is the biggest ________ body of the co-operative movement in the state. |
| A. | general |
| B. | managing |
| C. | non-official |
| D. | official |
| Answer» C. non-official | |
| 35. |
Audit fee calculated by transport society is : |
| A. | hire charges collected |
| B. | sales |
| C. | total income |
| D. | working capital |
| Answer» A. hire charges collected | |
| 36. |
The secretary of a Society may be : |
| A. | paid or honorary |
| B. | paid |
| C. | honorary |
| D. | none of these |
| Answer» A. paid or honorary | |
| 37. |
As per Sec. _______ every member of a Society shall exercise the vote in person. |
| A. | 22 |
| B. | 21 |
| C. | 23 |
| D. | 24 |
| Answer» B. 21 | |
| 38. |
Audit of a co-operative society is |
| A. | internal |
| B. | final |
| C. | company |
| D. | statutory |
| Answer» D. statutory | |
| 39. |
Audit of a co-operative society is done as per section _____. |
| A. | 62 |
| B. | 63 |
| C. | 80 |
| D. | 32 |
| Answer» B. 63 | |
| 40. |
Auditor's plan of action is called ______. |
| A. | audit programme |
| B. | audit note |
| C. | audit procedure |
| D. | auditing |
| Answer» A. audit programme | |
| 41. |
Who will be the chief of audit of co-operative societies as per latest Amendment? |
| A. | registrar |
| B. | finance secretary |
| C. | registrar of co-operative audit |
| D. | director of co-operative audit |
| Answer» D. director of co-operative audit | |
| 42. |
_______ is considered as essence of auditing. |
| A. | vouching |
| B. | interim audit |
| C. | voucher |
| D. | fraud |
| Answer» A. vouching | |
| 43. |
Quorum of managing committee is 50% and it is defined in Section ____. |
| A. | 28(1) |
| B. | 28(4) |
| C. | 28(5) |
| D. | 32 |
| Answer» A. 28(1) | |
| 44. |
Maximum shares held by a member shall not exceed ________. |
| A. | 1 /5the of total share capital |
| B. | rs. 5000/- |
| C. | 1/4th of total share capital |
| D. | 1/5th of total share capital or rs. 5000 whichever is less. |
| Answer» A. 1 /5the of total share capital | |
| 45. |
The State Co-operative Union is established under _____ of the KCSA 1969. |
| A. | section 86 |
| B. | section 87 |
| C. | section 88 |
| D. | section 89 |
| Answer» D. section 89 | |
| 46. |
The Co-operative Service Examination Board is established as per ______ of the KCS Act 1969. |
| A. | section 80 |
| B. | section 80a |
| C. | section 80b |
| D. | section 80c |
| Answer» C. section 80b | |
| 47. |
A member admitted within _____ days immediately prior to the date of election shall not have the right to vote |
| A. | 15 |
| B. | 30 |
| C. | 45 |
| D. | 60 |
| Answer» D. 60 | |
| 48. |
No. of seats reserved for women in the committee of the society. |
| A. | 7 |
| B. | 5 |
| C. | 3 |
| D. | 8 |
| Answer» C. 3 | |
| 49. |
Every application for registration of a Co-operative society shall be made in Form No. _____. |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» A. 1 | |
| 50. |
A per Sec. 27 of KCS Act, _____ is the final authority in a Co-operative Society. |
| A. | registrar |
| B. | president |
| C. | general body |
| D. | chief executive |
| Answer» C. general body | |
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