1. MCQ 23 - MCQs PDF

Preview

Summary

MCQs...

Description

MCQs-Co-operation 1. What is a Cooperative Society? A. An organization that is, generally, formed independently from the government. B. Legal entity representing an association of people. C. Precise kind of business structure found only in India. D. An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned enterprise. 2. Who regulates the registration and other activities of a cooperative society? A. NABARD B. SBI C. SEBI D. RCS 3. When was the first Cooperative Society law formed in India? A. 1950 B. 1947 C. 1904-25March 1904 D. 1948 4. Which was the first cooperative society registered under Cooperative Societies Act 1904 and in which year it was registered? A. Agricultural Credit Cooperative Society, 1905-08.07.1905 0f Kanaginahal town of Gadag B. Grant Road Society, 1914 C. Madras Cooperative Union, 1914 D. None of the above 5. Which body regulates the functioning of District Cooperative Banks in India? A. RCS B. RBI C. SBI D. SEBI 6. When was the Regional Rural Banks Act passed in India? A. 1904 B. 1948 C. 1976 D. 1995 7. Which was the first bank set up under the Regional Rural Banks Act in India? A. Himachal Gramin Bank B. Madras Bank C. Odisha Gramin Bank D. Gour Gramin Bank 8. Which of the following are Non-Agricultural Credit Societies? A. Cooperative Banks B. Thrift & Credit Societies C. Salary Earners Society D. All of the above 9. Which type of society is given a tax rebate? A. Credit B. Agricultural C. Handloom D. Banking 10. Who is required to maintain the minutes' book of a Society? A. Secretary B. Treasurer C. Managing Committee D. Registrar

11. Which Society offers a production bonus? A. Urban Society B. Dairy Society C. Agricultural Society D. Non-Agricultural Society 12. What does the Liquidation of a cooperative society mean? A. Reconstruction B. Winding Up C. Amalgamation D. Registration 13. What are the Bye-Laws of a Society? A. Rules B. Acts C. Constitution D. General Body 14. Who has the right to sign the Identity Card of the member of a Society? A. President B. Managing Committee C. Treasurer D. Secretary 15. What is the role of the managing committee in cooperative society? A. Admission & Allocation of Shares B. Maintaining Daily Books C. Issuing Vouchers D. None of the above 16. In which country cooperative society was first established? A. England in 1844 B. India C. Europe D. America 17. Who has limited liability in the cooperative society? A. Managing Committee B. Registrar C. Members D. Secretary 18. Who is responsible for interest rates on deposits in cooperative society? A. Members B. Registrar C. President D. Managing Committee 19. The first dairy cooperative society was registered in which year and where? A. 1914, Anand B. 1947, Mysore C. 1950, Aurangabad D. 1913, Allahabad 20. The Cooperative Societies in India follow which organizational structure? A. Federal Structure B. Centralized Structure C. Unitary Structure D. Decentralized Structure...