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 Deccan Agricultural Relief Act was passed in ………………. |
| A. | 1875 |
| B. | 1878 |
| C. | 1879 |
| D. | 1880 |
| Answer» C. 1879 | |
| 2. |
The Land Improvement Loans Act was passed in ………………. |
| A. | 1885 |
| B. | 1886 |
| C. | 1887 |
| D. | 1888 |
| Answer» A. 1885 | |
| 3. |
The Agricultural Loans Act of 1884 was passed in ………………. |
| A. | 1885 |
| B. | 1884 |
| C. | 1890 |
| D. | 1895 |
| Answer» B. 1884 | |
| 4. |
The Taccavi laws are ……………………………… |
| A. | the deccan agricultural relief act & the land improvement loans act |
| B. | the deccan agricultural relief act & the agricultural loans act |
| C. | the land improvement loans act & the agricultural loans act |
| D. | all of these |
| Answer» C. the land improvement loans act & the agricultural loans act | |
| 5. |
In 1901 …………………. Commission recommended the starting f co- operative credit -societies to tackle the problem of rural farmers |
| A. | mehta commission |
| B. | varma commission |
| C. | famine commission |
| D. | none of these |
| Answer» C. famine commission | |
| 6. |
The first Co-operative Credit Societies Act was passed in ……………… |
| A. | 1901 |
| B. | 1902 |
| C. | 1903 |
| D. | 1904 |
| Answer» D. 1904 | |
| 7. |
………………. Was the first Co-operative Societies Act in India. |
| A. | the deccan agricultural relief act |
| B. | the land improvement loans act |
| C. | the agricultural loans act |
| D. | the co-operative credit societies act 1904 |
| Answer» D. the co-operative credit societies act 1904 | |
| 8. |
The Co-operative Credit Societies Act 1904 contains …………… Sections |
| A. | 25 |
| B. | 28 |
| C. | 29 |
| D. | 30 |
| Answer» C. 29 | |
| 9. |
Section 3 of the Co-operative Credit Societies Act 1904 is concerned with …… |
| A. | the constitution of societies. |
| B. | definitions |
| C. | scope |
| D. | powers |
| Answer» A. the constitution of societies. | |
| 10. |
Under Co-operative Credit Societies Act 1904, a society could be formed by any ………. persons living in the same village or town. |
| A. | fifteen |
| B. | ten |
| C. | seven |
| D. | three |
| Answer» B. ten | |
| 11. |
Under Co-operative Credit Societies Act 1904, the liability of rural societies are ………………….. |
| A. | limited |
| B. | unlimited |
| C. | at the option |
| D. | all of these |
| Answer» B. unlimited | |
| 12. |
Under Co-operative Credit Societies Act 1904, the liability of urban societies are ………………….. |
| A. | limited |
| B. | unlimited |
| C. | at the option |
| D. | all of these |
| Answer» C. at the option | |
| 13. |
The co-operative credit societies in each province were to be under the control and administration of the ………………….. |
| A. | president |
| B. | secretary |
| C. | registrar |
| D. | none of these |
| Answer» C. registrar | |
| 14. |
Accounts of co-operative credit societies must be audited by ……………. |
| A. | president |
| B. | secretary |
| C. | registrar |
| D. | chartered accountant |
| Answer» C. registrar | |
| 15. |
……… of the surplus of co-operative credit societies should be allotted to reserve fund. |
| A. | 10% |
| B. | 15% |
| C. | 20% |
| D. | 25% |
| Answer» D. 25% | |
| 16. |
The co-operative credit societies could advance loans to members on ……… |
| A. | personal security |
| B. | real security |
| C. | personal or real security |
| D. | third party guarantee |
| Answer» C. personal or real security | |
| 17. |
The Co-operative Credit Societies Act 1904 was replaced by ……………… |
| A. | the co-operative societies act 1912 |
| B. | the co-operative societies act 1914 |
| C. | the co-operative societies act 1915 |
| D. | the co-operative societies act 1918 |
| Answer» A. the co-operative societies act 1912 | |
| 18. |
As per The Co-operative Credit Societies Act 1904, no member can have more than …… of the total share capital. |
| A. | ½ |
| B. | 1/3 |
| C. | ¼ |
| D. | 1/5 |
| Answer» D. 1/5 | |
| 19. |
As per The Co-operative Credit Societies Act 1904, no member can hold shares exceeding ……………… in a society. |
| A. | rs. 1000 |
| B. | rs. 2000 |
| C. | rs. 5000 |
| D. | rs. 10000 |
| Answer» A. rs. 1000 | |
| 20. |
A society could be inspected by the …….. under Co-operative Societies Act 1912, on a requisition by a creditor. |
| A. | president |
| B. | secretary |
| C. | registrar |
| D. | chartered accountant |
| Answer» C. registrar | |
| 21. |
The committee to prepare a model co-operatives Act was headed by ……… |
| A. | mehta |
| B. | mishra |
| C. | chaudheri brahm |
| D. | rajgopalachari |
| Answer» C. chaudheri brahm | |
| 22. |
……… was the first state passed the new Act on the basis of the Model Act. |
| A. | maharashtra |
| B. | andhra pradesh |
| C. | kerala |
| D. | gujarat |
| Answer» B. andhra pradesh | |
| 23. |
The first society registered on the basis of the Model Act in …………………. |
| A. | 1991 |
| B. | 1993 |
| C. | 1995 |
| D. | 1997 |
| Answer» C. 1995 | |
| 24. |
…………… has been made accountable for timely conduct of elections, regular convening of meetings of the managing committee. |
| A. | registrar |
| B. | board of directors |
| C. | managing committee |
| D. | secretary |
| Answer» B. board of directors | |
| 25. |
…………… was permitted to use their discretion in making rules and byelaws of the societies under Co-operative Societies Act 1912. |
| A. | central govt. |
| B. | state govt. |
| C. | local govt. |
| D. | none of these |
| Answer» C. local govt. | |
| 26. |
The Multi-State Co-operative Societies Act was passed in ………………. |
| A. | 2000 |
| B. | 2002 |
| C. | 2004 |
| D. | 2007 |
| Answer» B. 2002 | |
| 27. |
…………….. is an Act to consolidate and amend the law relating to co- operative societies. |
| A. | the co-operative credit societies act 1904 |
| B. | model co-operative act |
| C. | the multi-state co-operative societies act, 2002 |
| D. | the co-operative societies act 1912 |
| Answer» C. the multi-state co-operative societies act, 2002 | |
| 28. |
Multi-state co-operative societies may be registered as per ………………… |
| A. | section 5 |
| B. | section 3 |
| C. | section 2 |
| D. | section 1 |
| Answer» A. section 5 | |
| 29. |
The application shall be signed in the case of a multi-state co-operative society of which all the members are individuals, by at least ………… persons from each of the state concerned |
| A. | ten |
| B. | twenty |
| C. | fifteen |
| D. | fifty |
| Answer» D. fifty | |
| 30. |
The application for registration of multi-state co-operative society is made to ………. |
| A. | the central govt. |
| B. | central registrar |
| C. | secretary |
| D. | financing bank |
| Answer» B. central registrar | |
| 31. |
The registration certificate of multi-state co-operative society is issued by …………. |
| A. | the central govt. |
| B. | central registrar |
| C. | secretary |
| D. | financing bank |
| Answer» B. central registrar | |
| 32. |
The registration certificate of multi-state co-operative society is issued under ………….. |
| A. | section 5 |
| B. | section 8 |
| C. | section 4 |
| D. | section 7 |
| Answer» B. section 8 | |
| 33. |
The amendment to the bye-laws of a multi-state co-operative society shall be made by a resolution passed by a ………. majority of the members present and voting at general meeting of the society. |
| A. | two-third |
| B. | one-third |
| C. | three-fourth |
| D. | one-fifth |
| Answer» A. two-third | |
| 34. |
No resolution shall be valid unless ……….. clear days’ notice of the proposed amendment has been given to the members. |
| A. | fourteen |
| B. | fifteen |
| C. | seven |
| D. | twenty one |
| Answer» B. fifteen | |
| 35. |
The amendment to the bye-laws of a multi-state co-operative society shall be made as per …………. |
| A. | section 15 |
| B. | section 13 |
| C. | section 11 |
| D. | section 9 |
| Answer» C. section 11 | |
| 36. |
As per ……………, the name of a multi-state co-operative society may be changed by an amendment. |
| A. | section 15 |
| B. | section 13 |
| C. | section 11 |
| D. | section 9 |
| Answer» B. section 13 | |
| 37. |
A multi-state co-operative society may, by an amendment of its bye-laws, change the extent of its liability as per……………. |
| A. | section 15 |
| B. | section 16 |
| C. | section 17 |
| D. | section 19 |
| Answer» B. section 16 | |
| 38. |
Any two or more multi-state co-operative societies may amalgamate themselves and form a new multi-state co-operative society under ………… |
| A. | section 15 |
| B. | section 16 |
| C. | section 17 |
| D. | section 19 |
| Answer» A. section 15 | |
| 39. |
A subsidiary institution shall not include a ………… |
| A. | company |
| B. | sole trader |
| C. | partnership firm |
| D. | all of these |
| Answer» C. partnership firm | |
| 40. |
Federal co-operative shall be registered under…………… |
| A. | section 25 |
| B. | section 23 |
| C. | section 21 |
| D. | section 19 |
| Answer» B. section 23 | |
| 41. |
Federal co-operative may ……………………. |
| A. | ensure compliance of the co-operative principles |
| B. | evolve viability norms for a member co-operative |
| C. | promote harmonious relations amongst member co-operative |
| D. | all of these |
| Answer» D. all of these | |
| 42. |
The member of a multi-state co-operative society may be ……………… |
| A. | the central government |
| B. | a state government |
| C. | an individual |
| D. | all of these |
| Answer» D. all of these | |
| 43. |
No member shall hold more than … of the total share capital of the society. |
| A. | ¼ |
| B. | 1/5 |
| C. | ½ |
| D. | 1/3 |
| Answer» B. 1/5 | |
| 44. |
.Board of directors of multi-state co-operative society consisting of not more than ……… members. |
| A. | fifteen |
| B. | twenty |
| C. | twelve |
| D. | twenty one |
| Answer» D. twenty one | |
| 45. |
Travancore Cochin State was formed in …………………. |
| A. | 1960 |
| B. | 1950 |
| C. | 1949 |
| D. | 1968 |
| Answer» C. 1949 | |
| 46. |
The Registrar of co-operative societies at Madras province was …………… |
| A. | sri. govindapillai |
| B. | sir rajagopalachari |
| C. | sri. damodar |
| D. | sir gopal |
| Answer» B. sir rajagopalachari | |
| 47. |
Cochin Co-operative Societies Act was passed in ……………………… |
| A. | 1913 |
| B. | 1914 |
| C. | 1918 |
| D. | 1921 |
| Answer» A. 1913 | |
| 48. |
Edavanakkad Service Co-operative Bank was the first society organized in ……………… |
| A. | travancore state |
| B. | madras state |
| C. | malabar state |
| D. | cochin state |
| Answer» D. cochin state | |
| 49. |
Travancore Co-operative Societies Regulation was passed in ……………… |
| A. | 1913 |
| B. | 1914 |
| C. | 1918 |
| D. | 1921 |
| Answer» B. 1914 | |
| 50. |
Who was the first Registrar in Travancore State? |
| A. | sri. govindapillai |
| B. | sir rajagopalachari |
| C. | sri. damodar |
| D. | sir gopal |
| Answer» B. sir rajagopalachari | |
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