Legal Environment for Co-operatives MCQs : This section focuses on the "Legal Environment for Co-operatives". These Multiple Choice Questions (MCQs) should be practiced to improve the Legal Environment for Co-operatives skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.
Question 1
______ % of net profit is given as dividend to Govt. by Co-operative Societies?
A. 10
B. 20
C. 25
D. no dividend
Question 2
______ is filing a petition by the aggrieved party before a higher authority.
A. decree
B. order
C. appeal
D. none of these
Question 3
______ number of persons are required for registration in a Co-operative Society.
A. 25
B. 10
C. 8
D. 11
Question 4
_______ 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
Question 5
_______ is considered as essence of auditing.
A. vouching
B. interim audit
C. voucher
D. fraud
Question 6
_______ is the law relating Co-operative Societies in the State.
A. kcsa 1969
B. kcsa 1970
C. kcsa 1914
D. kcsa 1913
Question 7
_______ 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
Question 8
________ is considered the supreme authority of a society.
A. committee
B. manning committee
C. adhoc committee
D. general body
Question 9
________ is the first Co-operative Societies Act in India.
A. 1904
B. 1901
C. 1884
D. 1879
Question 10
‘One man one vote’ deals in section ____ of KCS Act.
A. 19
B. 20
C. 21
D. 22
Question 11
‘One man one vote’ principle was recommended by _________ Committee
A. gorwala
B. mac lagan
C. minto morley
D. montague chelmsford
Question 12
10% of profit transferred to charitable purpose deals in _______ Act at first
A. 1904
B. 1912
C. 1919
D. 1925
Question 13
A ‘surcharge’ order can issued against which of the following persons/authorities?
A. paid employees
B. committee members
C. past members of committee
D. all of these
Question 14
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
Question 15
A Co-operative society must keep their audit certificate for a period of _____ years.
A. 5
B. 7
C. 10
D. permanent
Question 16
A member admitted within _____ days immediately prior to the date of election shall nothave the right to vote
A. 15
B. 30
C. 45
D. 60
Question 17
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
Question 18
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
Question 19
According to rule _______ lies down the classification of society.
A. 14
B. 15
C. 13
D. 16
Question 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)
Question 21
After election to Circle Co-operative Union, the Secretary of the Circle Co-operative Unionshall 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
Question 22
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
Question 23
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
Question 24
An officer appointed to decide a dispute in a co-operative society is called
A. liquidator
B. sale officer
C. arbitrator
D. registrar
Question 25
Annual General body of a society is defined in Section _________
A. 43
B. 29
C. 28
D. 28 (5)
Question 26
Annual report of a society is approved by
A. board of directors
B. registrar
C. general body
D. auditor
Question 27
Any member who acts against the interest of the society, he may be _______ from the societyas per Sec. 17.
A. superseeded
B. suspended
C. expelled
D. executed
Question 28
Apex Society means
A. state level society
B. district level society
C. village level society
D. national level society
Question 29
As per 1904 Act minimum number of persons required to register a co-operative society?
A. 10
B. 20
C. 25
D. 9
Question 30
As per Co-operatives Act ‘Officer’ means
A. secretary
B. president
C. administrator
D. all of these
Question 31
As per Sec_______ every member of a Society shall exercise the vote in person.
A. 22
B. 21
C. 23
D. 24
Question 32
As per the Co-operative Societies Act, the term of office of a managing committee isprescribed as ______ years.
A. two
B. three
C. four
D. not exceeding five
Question 33
As per which section, the Government gets direct partnership in the capital of a Co-operativeSociety?
A. section 41
B. section 42
C. section 50
D. section 51
Question 34
Audit classification helps to guage the _______ of a society.
A. financial stability
B. profitability
C. general working
D. liquidity
Question 35
Audit fee calculated by transport society is :
A. hire charges collected
B. sales
C. total income
D. working capital
Question 36
Audit fee of Credit Society is calculated on the basis of _________
A. gross income
B. working capital
C. sales
D. none of these
Question 37
Audit of a co-operative society is
A. internal
B. final
C. company
D. statutory
Question 38
Audit of a co-operative society is done as per section _____.
A. 62
B. 63
C. 80
D. 32
Question 39
Auditor's plan of action is called ______.
A. audit programme
B. audit note
C. audit procedure
D. auditing
Question 40
Chairman of the committee on consumption credit (1976)
A. gadgil
B. b. sivaraman
C. s.g.sarriyah
D. v.c. mehta
Question 41
Change of name of society is defined in Section
A. 12
B. 13
C. 14
D. 10
Question 42
Co-operation is included in the ______ schedule of Indian Constitution
A. v
B. vi
C. vii
D. ix
Question 43
Co-operative Arbitration Court on receipt of reference of dispute shall pass
A. decree
B. award
C. order
D. surcharge
Question 44
Co-operative movement originated first in
A. germany
B. england
C. france
D. spain
Question 45
Co-operative Principles are associated with __________ committee.
A. craficard
B. karve
C. nicholson
D. gorwala
Question 46
Co-operative Societies shall pay audit fees to government within _______of receipt of annualaudit certificate.
A. 2 months
B. 6 months
C. 3 months
D. 1 month
Question 47
Disposal of net profit of Co-operative societies shall be made as per section _____.
A. 58
B. 56
C. 57
D. 55
Question 48
Every application for registration of a Co-operative society shall be made in Form No._____.
A. 1
B. 2
C. 3
D. 4
Question 49
Every society shall start business within a period of ___________ from registration
A. 5 months
B. 3 months
C. 6 months
D. 12 months
Question 50
Expand NDDB:
A. national diary development board
B. national diary development business
C. national diary development basis
D. national diary development bench
Question 51
First state co-operative act was passed by
A. bombay state
B. madras state
C. bihar state
D. orissa state
Question 52
Amendment of byelaws is passed by ______ majority of members present and voting infavour of amendment.
A. 01-Mar
B. 02-Mar
C. 01-May
D. 02-May
Question 53
In a Central Society, Government nominees are appointed by ________
A. president
B. registrar
C. president
D. committee
Question 54
In a Co-operative Society ________ is never allowed,
A. meeting
B. proxy
C. audit
D. voting
Question 55
Co-operative societies with area of operation more than two states is registered by
A. central government
B. ncui
C. central registrar
D. rbi
Question 56
Co-operative Tribunal deals in section
A. 80
B. 81
C. 82
D. 83
Question 57
Maclagan committee was appointed in the year
A. 1910
B. 1911
C. 1912
D. 1914
Question 58
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.
Question 59
Minutes book for recording the proceedings of _______.
A. sub-committee
B. committee
C. general body
D. all of these
Question 60
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
Question 61
NCDC was established in :
A. 1963
B. 1962
C. 1975
D. 1974
Question 62
No. of seats reserved for women in the committee of the society.
A. 7
B. 5
C. 3
D. 8
Question 63
Normally a member can withdraw his shares after a period of
A. one year
B. two years
C. three years
D. five years
Question 64
Primary Credit Society with village as area of operation must affiliate to _______ as perSec. 90
A. circle co-operative union
B. state co-operative union
C. dcb
D. state co-operative bank
Question 65
Quorum of managing committee is 50% and it is defined in Section ____.
A. 28(1)
B. 28(4)
C. 28(5)
D. 32
Question 66
Recovery of sums due from the Society to the Government is explained in
A. rule 60
B. rule 70
C. rule 80
D. rule 94
Question 67
Registration of a Co-operative society, the application shall be accompanied by ___ copies ofthe proposed byelaws.
A. one
B. two
C. three
D. four
Question 68
Representative general body may be constituted by
A. society having one taluk as its area of operation
B. society having one taluk as its area of operation and having not less than 1000 members
C. society having one taluk or more than one taluk as its area of operation and not less than 1000 members
D. society having more taluks as its area of operation and having more than 1000 members
Question 69
Royal Commission was appointed by
A. government of india
B. rbi
C. sbi
D. madras provision govt.
Question 70
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
Question 71
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
Question 72
Rule 69 specifies the ________ procedure.
A. liquidation
B. arbitration
C. registration
D. none of these
Question 73
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
Question 74
Sec______ provides that a Society arc exempted from stamp duty.
A. 36
B. 38
C. 40
D. 41
Question 75
Sec. 65 deals with ______
A. enquiry
B. audit
C. election
D. appointment
Question 76
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
Question 77
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
Question 78
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
Question 79
State Co-operative union is a succeeding organizations of _______
A. cochin central co-operative institute ltd
B. malabar co-operative institute
C. the south kerala co-operative union ltd
D. all of these
Question 80
The accounts of a Co-operative Society should be audited within _______ of the close of thefinancial year.
A. six months
B. one year
C. two years
D. the period as mentioned in the byelaw
Question 81
The area of Central Co-operative Bank is :
A. all india
B. kerala
C. india except j.k
D. a revenue district
Question 82
The Audit memorandum is prepared by
A. registrar
B. director of co-op. audit
C. auditor
D. committee of the society
Question 83
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
Question 84
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
Question 85
The Chairman of the committee which suggest criteria to determine the genuiness ofmembership in Co-operatives?
A. madhavadas
B. v.l.mehta
C. b.sivaraman
D. r.n.mirdha
Question 86
The committee “Task Force on Revival of Co-operative Credit Institutions” (2005) wasformed under the chairman of
A. a. vaidyanathan
B. y.k. alagh
C. radhakrishna
D. choudhary brahm prakash
Question 87
The committee on co-operation appointed in the year 1964 was under the chairmanship of__________.
A. c.d. datey
B. v.l. mehta
C. r.n. mirdha
D. a.d. gorwala
Question 88
The committee responsible for the evaluation of Co-operative farming societies
A. gadgil
B. venkatapathi
C. mirdha
D. calvert
Question 89
The concerned authority of Registration of Bye-law Amendment of a PACS?
A. general body
B. joint registrar
C. govt.
D. committee
Question 90
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
Question 91
The Co-operative Service Examination Board is established as per ______ of the KCS Act1969.
A. section 80
B. section 80a
C. section 80b
D. section 80c
Question 92
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
Question 93
The determination of dispute by the decision of one or more persons is called:
A. arbitration
B. audit
C. surcharge
D. none of these
Question 94
The election of the members of the committee shall be conducted according to therule _______ of the Act.
A. 35
B. 34
C. 33
D. 32
Question 95
The fee for Registration of a Co-operative society is
A. 100
B. 200
C. 500
D. 1000
Question 96
The formation of Indian Co-operative movement is closely associated with which of thefollowing person?
A. edward law
B. vaikunta mehta bhai
C. frederic nicholson
D. jawaharlal nehru
Question 97
The jurisdiction of a Circle Co-operative union is?
A. grama panchayath
B. block panchayath
C. taluk
D. district
Question 98
The member of a Co-operative Society have
A. limited liability
B. unlimited liability
C. joint and several liability
D. joint liability
Question 99
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
Question 100
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
Question 101
The norms pertaining to disqualification of a member of Managing Committee of a societyare laid under
A. section 28 and rule 44
B. section 36 and rule 51
C. section 37 and rule 52
D. section 58 and rule 55
Question 102
The objective of Co-operative Management is:
A. provide better quality service to members
B. conduct maximum business
C. profit maximization
D. proper accounting
Question 103
The objectives of Multi State Co-operative Societies Act, 2002 are
A. to facilitate the voluntary formation and democratic functioning of co-operatives
B. to enable them to promote their economic and social betterment
C. to provide functional autonomy and freedom to co-operatives
D. all of these
Question 104
The previous name of National Co-operative Union of India was _______.
A. indian co-operative union
B. co-operative union
C. all india co-operative institute and association
D. co-operative training association
Question 105
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
Question 106
The Registrar of Co-op. Societies has the right to rescind any Resolution of a Co-op.Society as per Rule.
A. 170
B. 176
C. 178
D. 180
Question 107
The Registrar office who is incharge of general administration
A. additional registrar
B. assistant registrar
C. joint registrar
D. deputy registrar
Question 108
The resignation letter from a member of the Managing Committee of a society can beaccepted or rejected by ___________.
A. president
B. registrar
C. managing committee
D. general body
Question 109
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
Question 110
The secretary of a Society may be :
A. paid or honorary
B. paid
C. honorary
D. none of these
Question 111
The Section deals with Co-operative Ombudsman:
A. section 77a
B. section 67a
C. section 69a
D. section 80a
Question 112
The State Co-operative Union is established under _____ of the KCSA 1969.
A. section 86
B. section 87
C. section 88
D. section 89
Question 113
The Taluk level officer who conduct audit of a co-operative society is
A. joint director of co-op. audit
B. deputy director of co-op. audit
C. additional director of co-op. audit
D. assistant director of co-op. audit
Question 114
The Vaikunth Mehta National Institute of Co-operative Management (1967) is situated at
A. bombay
B. new delhi
C. pune
D. kolkata
Question 115
The Kerala Co-operative Societies Act 1969, came into effect on _____
A. 01-04-1969
B. 15-04-1969
C. 01-05-1969
D. 15-05-1969
Question 116
The KSCU is the biggest ________ body of the co-operative movement in the state.
A. general
B. managing
C. non-official
D. official
Question 117
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
Question 118
When the Registrar refuses to register a society applied for registration he shall communicatethe 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
Question 119
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
Question 120
Which section of the KCS Act 1969 provides for the reservation of seats for women andothers belonging to the Scheduled Cast and Scheduled Tribe in the managing committee of the society?
A. section 27
B. section 27 a
C. section 28
D. section 28 a
Question 121
Who among the following has all powers of the Registrar except those laid under Sections32, 71 (1) and 87 of the Kerala Co-operative Societies Act 1969?
A. deputy registrar
B. additional registrar
C. joint registrar
D. assistant registrar
Question 122
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
Question 123
Who is considered as the 'Friend, Philosopher, and Guide' of the Co-operative Department ofKerala
A. minister
B. registrar
C. president
D. secretary
Question 124
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)
Question 125
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
Question 126
‘One man one vote’ principle was recommended by __________ Committee
A. gorwala
B. mac lagan
C. minto morley
D. montague chelmsford
Question 127
Audit of a co-operative society is done as per section _____
A. 62
B. 63
C. 80
D. 32
Question 128
Auditor's plan of action is called ______
A. audit programme
B. audit note
C. audit procedure
D. auditing
Question 129
Quorum of managing committee is 50% and it is defined in Section ____
A. 28(1)
B. 28(4)
C. 28(5)
D. 32
Question 130
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.
Question 131
Every application for registration of a Co-operative society shall be made in Form No._____
A. 1
B. 2
C. 3
D. 4
Question 132
Minutes book for recording the proceedings of _______
A. sub-committee
B. committee
C. general body
D. all of these
Question 133
When the Registrar refuses to register a society applied for registration he shall communicatethe 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
Question 134
The resignation letter from a member of the Managing Committee of a society can beaccepted or rejected by ___________
A. president
B. registrar
C. managing committee
D. general body
Question 135
Disposal of net profit of Co-operative societies shall be made as per section _____
A. 58
B. 56
C. 57
D. 55
Question 136
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
Question 137
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
Question 138
Every society shall start business within a period of __________ from registration
A. 5 months
B. 3 months
C. 6 months
D. 12 months
Question 139
Annual General body of a society is defined in Section __________
A. 43
B. 29
C. 28
D. 28 (5)
Question 140
The committee on co-operation appointed in the year 1964 was under the chairmanship of__________
A. c.d. datey
B. v.l. mehta
C. r.n. mirdha
D. a.d. gorwala
Question 141
The previous name of National Co-operative Union of India was _______
A. indian co-operative union
B. co-operative union
C. all india co-operative institute and association
D. co-operative training association