McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
| 101. |
…………… is the head of administrative management and exercises over all control and supervision |
| A. | president |
| B. | vice president |
| C. | registrar |
| D. | secretary |
| Answer» A. president | |
| 102. |
The ………….. is the chief executive of the co-operative society. |
| A. | president |
| B. | vice president |
| C. | registrar |
| D. | secretary |
| Answer» D. secretary | |
| 103. |
The disposal of net profit of a co-operative society shall be made as per ….. |
| A. | section 55 |
| B. | section 56 |
| C. | section 57 |
| D. | section 58 |
| Answer» B. section 56 | |
| 104. |
An amount not less than ………… of net profit is to be transferred to the reserve fund. |
| A. | 10% |
| B. | 15% |
| C. | 20% |
| D. | 25% |
| Answer» B. 15% | |
| 105. |
An amount not exceeding ……… shall be paid to the co-operative education fund. |
| A. | 5% |
| B. | 10% |
| C. | 15% |
| D. | 20% |
| Answer» A. 5% | |
| 106. |
In the case of central society including a District Co-operative Bank an amount not exceeding ……….. of the paid up capital shall be used for dividend to its members. |
| A. | 10% |
| B. | 15% |
| C. | 20% |
| D. | 25% |
| Answer» D. 25% | |
| 107. |
. Every society has to pay to the government an audit fee within ….. … of the receipt of audit certificate. |
| A. | one month |
| B. | two months |
| C. | three months |
| D. | six months |
| Answer» A. one month | |
| 108. |
The audit fee is calculated on the basis of ………………….. of the societies on the last day of the co-operative year |
| A. | gross profit |
| B. | net profit |
| C. | working capital |
| D. | paid up capital |
| Answer» C. working capital | |
| 109. |
……………society is exempted from the payment of audit fees. |
| A. | harijans or girijans |
| B. | farming |
| C. | social welfare |
| D. | all of these |
| Answer» D. all of these | |
| 110. |
. An enquiry is held by the ……….. to enquire into the constitution, working and financial conditions of a society |
| A. | government |
| B. | the general body |
| C. | registrar |
| D. | secretary |
| Answer» C. registrar | |
| 111. |
. ….. is the determination of dispute by the decision of one or more person. |
| A. | enquiry |
| B. | arbitration |
| C. | decision |
| D. | judgment |
| Answer» A. enquiry | |
| 112. |
. A liquidator is appointed to liquidate the society or to wind up the affairs of the society as per ………. |
| A. | section 69 |
| B. | section 70 |
| C. | section 71 |
| D. | section 72 |
| Answer» D. section 72 | |
| 113. |
The Registrar shall make an order for the cancellation of the registration of the society under ………. |
| A. | section 70 |
| B. | section 71 |
| C. | section 72 |
| D. | section 75 |
| Answer» D. section 75 | |
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