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) .
| 51. |
Any member who acts against the interest of the society, he may be _______ from the society as per Sec. 17. |
| A. | superseeded |
| B. | suspended |
| C. | expelled |
| D. | executed |
| Answer» C. expelled | |
| 52. |
In a Central Society, Government nominees are appointed by ________. |
| A. | president |
| B. | registrar |
| C. | president |
| D. | committee |
| Answer» B. registrar | |
| 53. |
Co-operative Tribunal deals in section |
| A. | 80 |
| B. | 81 |
| C. | 82 |
| D. | 83 |
| Answer» B. 81 | |
| 54. |
The fee for Registration of a Co-operative society is |
| A. | 100 |
| B. | 200 |
| C. | 500 |
| D. | 1000 |
| Answer» C. 500 | |
| 55. |
Amendment of byelaws is passed by ______ majority of members present and voting in favour of amendment. |
| A. | 1/3 |
| B. | 2/3 |
| C. | 1/5 |
| D. | 2/5 |
| Answer» B. 2/3 | |
| 56. |
‘One man one vote’ deals in section ____ of KCS Act. |
| A. | 19 |
| B. | 20 |
| C. | 21 |
| D. | 22 |
| Answer» B. 20 | |
| 57. |
Registration of a Co-operative society, the application shall be accompanied by ___ copies of the proposed byelaws. |
| A. | one |
| B. | two |
| C. | three |
| D. | four |
| Answer» C. three | |
| 58. |
Who can become a member in a Co-operative society. |
| A. | individual |
| B. | any other society |
| C. | government or local self govt. |
| D. | all of these |
| Answer» D. all of these | |
| 59. |
Minutes book for recording the proceedings of _______. |
| A. | sub-committee |
| B. | committee |
| C. | general body |
| D. | all of these |
| Answer» D. all of these | |
| 60. |
As per the Co-operative Societies Act, the term of office of a managing committee is prescribed as ______ years. |
| A. | two |
| B. | three |
| C. | four |
| D. | not exceeding five |
| Answer» D. not exceeding five | |
| 61. |
Normally a member can withdraw his shares after a period of |
| A. | one year |
| B. | two years |
| C. | three years |
| D. | five years |
| Answer» C. three years | |
| 62. |
Annual report of a society is approved by |
| A. | board of directors |
| B. | registrar |
| C. | general body |
| D. | auditor |
| Answer» C. general body | |
| 63. |
The Bye-law of Co-operative Society can be amended by |
| A. | the general body passing simple majority |
| B. | the general body passing by 2/3 majority |
| C. | the direction of the registrar |
| D. | 2/3 majority of the board of directors |
| Answer» B. the general body passing by 2/3 majority | |
| 64. |
When the Registrar refuses to register a society applied for registration he shall communicate the order of refusal within .........days |
| A. | 15 days of such order |
| B. | 7 days of such order |
| C. | 20 days of such order |
| D. | 30 days of such order |
| Answer» B. 7 days of such order | |
| 65. |
A person who has been holding the post of District Judge can be appointed as the |
| A. | registrar |
| B. | tribunal |
| C. | returning officer |
| D. | liquidator |
| Answer» B. tribunal | |
| 66. |
An officer appointed to decide a dispute in a co-operative society is called |
| A. | liquidator |
| B. | sale officer |
| C. | arbitrator |
| D. | registrar |
| Answer» C. arbitrator | |
| 67. |
The punishment can be imposed by the president of the society to the clerk of the society is |
| A. | censure |
| B. | fine |
| C. | dismissal |
| D. | demotion |
| Answer» D. demotion | |
| 68. |
The resolution for amendment of bye laws shall be sent to the registrar within |
| A. | 1 month |
| B. | 2 months |
| C. | 3 months |
| D. | 6 months |
| Answer» A. 1 month | |
| 69. |
What is called 'Brightest spot' in co-op movement |
| A. | district co-operative bank |
| B. | co-operative urban bank |
| C. | employees co-operative credit societies |
| D. | primary agricultural credit societies |
| Answer» B. co-operative urban bank | |
| 70. |
Who shall be the secretary of the Circle Co-operative Union |
| A. | the assistant registrar of co-operative societies (audit) |
| B. | the assistant registrar of co-operative societies (general) |
| C. | the joint registrar of co-operative societies (audit) |
| D. | the joint registrar of co-operative societies (general) |
| Answer» B. the assistant registrar of co-operative societies (general) | |
| 71. |
After election to Circle Co-operative Union, the Secretary of the Circle Co-operative Union shall preserve the ballot papers for a period of |
| A. | 1 month from the date of poll |
| B. | 2 months from the date of poll |
| C. | 3 months from the date of poll |
| D. | 4 months from the date of poll |
| Answer» C. 3 months from the date of poll | |
| 72. |
The Date on which State Co-operative Union Kerala came into existence |
| A. | 21st nov, 1970 |
| B. | 21st dec, 1970 |
| C. | 21st jan, 1971 |
| D. | 21st oct 1970 |
| Answer» A. 21st nov, 1970 | |
| 73. |
Who is considered as the 'Friend, Philosopher, and Guide' of the Co-operative Department of Kerala |
| A. | minister |
| B. | registrar |
| C. | president |
| D. | secretary |
| Answer» B. registrar | |
| 74. |
Rule 66 of the Co-operative societies act deals with |
| A. | conduct of enquiry and inspection |
| B. | levy of audit fees |
| C. | audit |
| D. | writing off bad debts |
| Answer» A. conduct of enquiry and inspection | |
| 75. |
Co-operative Arbitration Court on receipt of reference of dispute shall pass |
| A. | decree |
| B. | award |
| C. | order |
| D. | surcharge |
| Answer» B. award | |
| 76. |
Section ____ of KCS Act states that Co-op society can be registered with limited Liability? |
| A. | sec. 5 |
| B. | sec. 6 |
| C. | sec. 4 |
| D. | sec.7 |
| Answer» A. sec. 5 | |
| 77. |
_______ is the monthly publication of the Co-operative Department in Kerala. |
| A. | kerala co-operative journal |
| B. | sahakarana veedhi |
| C. | paraspara sahay |
| D. | sahakarana prabhodhini |
| Answer» B. sahakarana veedhi | |
| 78. |
The resignation letter from a member of the Managing Committee of a society can be accepted or rejected by ___________. |
| A. | president |
| B. | registrar |
| C. | managing committee |
| D. | general body |
| Answer» A. president | |
| 79. |
Audit classification helps to guage the _______ of a society. |
| A. | financial stability |
| B. | profitability |
| C. | general working |
| D. | liquidity |
| Answer» A. financial stability | |
| 80. |
Securing of possession of records of a Co-operative society is dealt with under Section ____ of KCS Act. |
| A. | 34 |
| B. | 24 |
| C. | 40 |
| D. | 44 |
| Answer» A. 34 | |
| 81. |
Disposal of net profit of Co-operative societies shall be made as per section _____. |
| A. | 58 |
| B. | 56 |
| C. | 57 |
| D. | 55 |
| Answer» B. 56 | |
| 82. |
Sec 28AB of KCS Act 1969 deals with ______ |
| A. | election and removal of president, vice president |
| B. | state co-operative election commission |
| C. | annual general body meeting |
| D. | special general body meeting |
| Answer» A. election and removal of president, vice president | |
| 83. |
A Central society shall utilize the Subsidiary State Partnership Fund for the purpose of _____. |
| A. | purchasing shares in primary societies |
| B. | making payments to apex society |
| C. | all of these |
| D. | none of these |
| Answer» C. all of these | |
| 84. |
An apex society shall utilize Principal State Partnership Fund for the purpose of _______. |
| A. | directly purchasing shares in other societies with limited liability |
| B. | providing moneys to central society to enable them to purchase shares in other societies |
| C. | making payments to the government in accordance with provisions of kcs act |
| D. | all of these |
| Answer» D. all of these | |
| 85. |
Annual General body meeting of a Co-operative Society shall be held |
| A. | within one year |
| B. | within six months of close of the year |
| C. | within 6 months of closing of the financial year |
| D. | within 3 months on getting the audit report |
| Answer» C. within 6 months of closing of the financial year | |
| 86. |
The accounts of a Co-operative Society should be audited within _______ of the close of the financial year. |
| A. | six months |
| B. | one year |
| C. | two years |
| D. | the period as mentioned in the byelaw |
| Answer» A. six months | |
| 87. |
In a Co-operative Society ________ is never allowed, |
| A. | meeting |
| B. | proxy |
| C. | audit |
| D. | voting |
| Answer» B. proxy | |
| 88. |
The member of a Co-operative Society have |
| A. | limited liability |
| B. | unlimited liability |
| C. | joint and several liability |
| D. | joint liability |
| Answer» A. limited liability | |
| 89. |
Apex Society means |
| A. | state level society |
| B. | district level society |
| C. | village level society |
| D. | national level society |
| Answer» A. state level society | |
| 90. |
The basic principle of a Co-operative Society is |
| A. | one share one vote |
| B. | one member one vote |
| C. | proxy vote |
| D. | open votes |
| Answer» B. one member one vote | |
| 91. |
The motto of Co-operative Society is |
| A. | each for all and all for each |
| B. | each for all |
| C. | all for each |
| D. | all for all |
| Answer» A. each for all and all for each | |
| 92. |
The Audit memorandum is prepared by |
| A. | registrar |
| B. | director of co-op. audit |
| C. | auditor |
| D. | committee of the society |
| Answer» C. auditor | |
| 93. |
Change of name of society is defined in Section |
| A. | 12 |
| B. | 13 |
| C. | 14 |
| D. | 10 |
| Answer» D. 10 | |
| 94. |
Every society shall start business within a period of ----------- from registration |
| A. | 5 months |
| B. | 3 months |
| C. | 6 months |
| D. | 12 months |
| Answer» B. 3 months | |
| 95. |
Annual General body of a society is defined in Section ---------- |
| A. | 43 |
| B. | 29 |
| C. | 28 |
| D. | 28 (5) |
| Answer» B. 29 | |
| 96. |
The Co-operative Arbitration Court entertains? |
| A. | only monetary issue |
| B. | only non-monetary issues |
| C. | both monetary and non-monetary issues |
| D. | monetary issues upto rs. 10000 and non-monetary issues |
| Answer» B. only non-monetary issues | |
| 97. |
Who among the following has all powers of the Registrar except those laid under Sections 32, 71 (1) and 87 of the Kerala Co-operative Societies Act 1969? |
| A. | deputy registrar |
| B. | additional registrar |
| C. | joint registrar |
| D. | assistant registrar |
| Answer» A. deputy registrar | |
| 98. |
As per which section, the Government gets direct partnership in the capital of a Co-operative Society? |
| A. | section 41 |
| B. | section 42 |
| C. | section 50 |
| D. | section 51 |
| Answer» B. section 42 | |
| 99. |
The jurisdiction of a Circle Co-operative union is? |
| A. | grama panchayath |
| B. | block panchayath |
| C. | taluk |
| D. | district |
| Answer» C. taluk | |
| 100. |
The members of District Co-operative Bank consist of? |
| A. | only individuals |
| B. | individual and societies |
| C. | primary co-op. credit societies and urban co-op. bank |
| D. | only primary credit societies |
| Answer» C. primary co-op. credit societies and urban co-op. bank | |
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