COOPERATION-PAGE 6
COOPERATION-PAGE 6 MCQs
1:- The Finance Act 2012 gives income tax rates for Assessment Year
A:-2010-11
B:-2011-12
C:- 2012-13
D:-2013-14
Ans: D
2:- The Environment Protection Act came into force from
A:-1986
B:-1987
C:-1988
D:-1991
Ans: A
3:- Which of the following is limitation of Environmental Analysis
A:-Does not foretell the future
B:-Not a sufficient guarantor of organisational effectiveness
C:-Offers one basis for organisational learning
D:-All of the above
Ans: D
4:- Which of the following is not the advantage of socialism
A:-Goal oriented economy
B:-Eradication of exploitation
C:-State Capitalism
D:-No cyclical fluctuations
Ans: C
5:-A mixed economy is ...... a planned economy
A:-Necessarily
B:-Compulsorily
C:-Statutory
D:-Voluntary
Ans: A
6:- "A good environment is good business." Who said ?
A:-Jawaharlal Nehru
B:-Dr. M.S. Swaminathan
C:-Peter.F.Drucker
D:-Dr.S.S.Rao
Ans: B
7:- SWOT analysis forming part of ………….
A:-Strategy formulation
B:-Long range planning
C:-Short range planning
D:-Strategy implementation
Ans: A
8:- The first Five Year Plan was launched in the year
A:-1950
B:-1948
C:-1951
D:-1956
Ans: C
9:- Indian Institute of Science is established by
A:-Tata
B:-Birla
C:-Bajaj
D:-Singhania
Ans: A
10:-According to BCG matrix a business which has a high growth rate but a weak market share is referred to as
A:-Cash Cow
B:-Dog
C:-Star
D:- Mark
Ans: D
11:-Research and Development expenditure is an example of
A:-Capital expenditure
B:-Revenue expenditure
C:-Deferred revenue expenditure
D:-None of these
Ans: C
12:-Maximum members of a board of directors of a primary co-operative society shall not be more than
A:-15 members
B:-21members
C:-13members
D:-7members
Ans: A
13:-Who is the custodian of cash and other valuables of a Primary Agricultural Co-operative Society
A:-Cashier
B:-Secretary
C:-President
D:-Accountant
Ans: B
14:-State Co-operative Election Commission conduct all elections of co-operative societies mentioned below except
A:-Election of Board of Directors
B:-Election of President and Vice President
C:-Election of Special General Body
D:-Election of Representative General Body
Ans: C
15:-The co-operative Development and Welfare Fund shall not be utilized for
A:-Utilizing for the developmental activities of these societies
B:-Safe guarding the damages to their assets
C:-Safe guarding the loss to their properties
D:-Expenses incurred for opening branches
Ans: B
16:-The Registrar shall appoint as per Section 71 of Kerala Co-operative Societies Act a person called
A:-Co-operative Tribunal
B:-Co-operative Ombudsman
C:-Liquidator
D:-Sale officer
Ans: C
17:-Which among the following Co-operative Societies, election shall not be conducted on ward basis
A:-Urban Co-operative Banks
B:-Urban Co-operative Societies
C:-Primary Housing Co-operative Societies
D:-Primary Consumer Co-operative Societies
Ans: D
18:-The immovable property acquired by a society through a sale by the sale officer for realization of loan amount shall be disposed within
A:-7 years
B:-3 years
C:-1 year
D:-2 years
Ans: A
19:-Which among the following is a false statement in case of voting to a society
A:-A member admitted in a Co-operative Society within 60 days immediately prior to the date of election shall not have right to vote
B:-A nominal member shall not have right to vote
C:-A depositor shall have right to vote
D:- An ex-officio member on the committee shall have vote
Ans: C
20:-A Society shall dispose 10% of its net profit to
A:-Reserve Fund
B:-Member Relief Fund
C:-Agricultural Credit Stabilization Fund
D:-Co-operative Education Fund
Ans: B
21:-Societies which are bond to keep fluid resources are
A:-Societies having deposits
B:-Societies doing Marketing business
C:-Societies doing Consumer business only
D:-Societies dealing coir products
Ans: A
22:-Among the following which is not the privileges of a Consumer Co-operative Society
A:-Charge on land owned by its loanees
B:-Exemption from income tax
C:-Deduction from the salary of loanees
D:-Exemption from stamp duty
Ans: B
23:-The amendment of the bye-law shall have approval from
A:-Chief Executive
B:-Managing Director
C:-President
D:-General Body
Ans: D
24:-Rule 6 of Kerala Co-operative Societies Act deals with
A:-Registrar of co-operative society
B:-Model bye-law
C:-Amendment of bye-law
D:-First General Body
Ans: B
25:-Which type of societies are allowed to admit any other society as nominal or associate member
A:-Coir Societies
B:-Scheduled Caste Societies
C:-Hand loom Societies
D:-Hospital Societies
Ans: D
26:- Which of the following would be classified by Herzberg as a hygiene factor?
A:-Achievement
B:-Company policy
C:-Promotion
D:-Responsibility
Ans: B
27:- Achievement motivation relates to
A:-Need of the person
B:-Knowledge of the person
C:-experience of the person
D:- aptitude of the person.
Ans: A
28:-A transformational leader is one
A:-who is involved in organizational change
B:-who provides new ways of carrying out management.
C:-who inspires the workers to new levels by offering them a vision of a better future
D:-who tries to transform their staff by giving them rewards for what they do
Ans: C
29:- Decision making does not include:
A:-identifying the problem
B:- evaluating alternatives
C:-select a preferred alternative
D:-making forecast
Ans: D
30:-The most democratic form of oraganisation is
A:-line
B:-line and staff
C:-functional
D:- committee
Ans: D
31:- Identify the wrong statement
A:- leadership is the ability to influence a group
B:-all leaders are managers
C:-all leaders are not managers
D:-all managers are leaders
Ans: B
32:- Which strategy would be effective when the new products have a counter cyclical sales pattern compared to an organization's present products?
A:-Forward integration
B:-market positioning
C:-Horizontal diversification
D:-Market penetration
Ans: A
33:- What does Dog symbolize in BCG martrix?
A:-high growth, high market share
B:-low growth, low market share
C:-low growth, high market share
D:-high growth, low market share
Ans: B
34:-Specific, short-term statements detailing how to achieve an organization's goals is known as
A:-vision
B:-mission
C:-objectives
D:- operational planning
Ans: C
35:- Which of the following is an example of a nonverbal message?
A:-eye contact
B:-jargon
C:-yelling
D:-mumbling
Ans: A
36:- The factors that generate shareholder wealth are usually called
A:-key factors
B:-value drivers
C:-present values
D:- future cash flows
Ans: B
37:-What does EVA stand for
A:-Employee value analysis
B:- Expected value arising
C:-Economic value added
D:-Economic value analysis
Ans: C
38:-A common method of measuring attitude of people is
A:-in-depth interviews
B:-observing people’s behavior
C:-semantic differential scales
D:-a lie detector
Ans: C
39:-Matrix structure of orgnisation violates which key element of organizational design
A:-unity of command
B:-chain of command
C:-span of management
D:- decentralisation
Ans: A
40:-Authority and responsibility are --------- to each other
A:-supplementary
B:-inconsistent
C:-contradictory
D:- complementary
Ans: D
41:-An offer kept open for acceptance over a period of time is referred to as :
A:-Counter offer
B:-Cross offer
C:-Standing offer
D:-Specific offer
Ans: C
42:-The time limit for filing a complaint before the District forum under Consumer Protection Act, 1986,is
A:-One year
B:-Two years
C:-Three years
D:-There is no such limits
Ans: B
43:-Mr.A entered into a contract with Mr.B whereby Mr.A agreed to sell heroin an illegal substance, worth Rs.50,000 to Mr.B. This is an example for:
A:-Void contract
B:-Voidable contract
C:-Quasi contract
D:-Second Party Beneficiary contract
Ans: A
44:-Section 172 of Contract Act deals with :
A:-Bailment
B:-Pledge
C:-Indemnity
D:-Lien
Ans: B
45:-The outside third party who is brought into settle a dispute and has the authority to take a decision is called:
A:-Legal expert
B:-Government
C:-An arbitrator
D:-Mentor
Ans: C
46:-Which of the following transactions does not come under the purview of bailment?
A:-Delivering goods to creditor as security of loan
B:-Delivering goods for repair with or without remuneration
C:-Delivering goods for carriage
D:-Placing ornaments in bank locker
Ans: D
47:-The term of a patent is:
A:-10 years
B:-14 Years
C:-20 Years
D:-25 Years
Ans: C
48:-'Novation' is a mode of discharge of contract by:
A:-lapse of time
B:-agreement
C:-operation of law
D:-performance of contract
Ans: B
49:-From the following identify a statement that is not true:
A:-Principal is bound by the act of agent done within the scope of his authority
B:-Authority given to borrow money makes the principal liable even if the agent borrows beyond authorised limits
C:-Principal is liable for fraud committed by his agent acting in the course of his business
D:-Authority given to sell goods authorises the agent to borrow money by pledging the goods
Ans: D
50:-Who is the Chairman of the Central Consumer Protection Council?
A:-Prime Minister
B:-Chief Justice of the Supreme Court
C:-Chief Justice of the High Court
D:-Minister in Charge of Consumer Affairs
Ans: D
A:-2010-11
B:-2011-12
C:- 2012-13
D:-2013-14
Ans: D
2:- The Environment Protection Act came into force from
A:-1986
B:-1987
C:-1988
D:-1991
Ans: A
3:- Which of the following is limitation of Environmental Analysis
A:-Does not foretell the future
B:-Not a sufficient guarantor of organisational effectiveness
C:-Offers one basis for organisational learning
D:-All of the above
Ans: D
4:- Which of the following is not the advantage of socialism
A:-Goal oriented economy
B:-Eradication of exploitation
C:-State Capitalism
D:-No cyclical fluctuations
Ans: C
5:-A mixed economy is ...... a planned economy
A:-Necessarily
B:-Compulsorily
C:-Statutory
D:-Voluntary
Ans: A
6:- "A good environment is good business." Who said ?
A:-Jawaharlal Nehru
B:-Dr. M.S. Swaminathan
C:-Peter.F.Drucker
D:-Dr.S.S.Rao
Ans: B
7:- SWOT analysis forming part of ………….
A:-Strategy formulation
B:-Long range planning
C:-Short range planning
D:-Strategy implementation
Ans: A
8:- The first Five Year Plan was launched in the year
A:-1950
B:-1948
C:-1951
D:-1956
Ans: C
9:- Indian Institute of Science is established by
A:-Tata
B:-Birla
C:-Bajaj
D:-Singhania
Ans: A
10:-According to BCG matrix a business which has a high growth rate but a weak market share is referred to as
A:-Cash Cow
B:-Dog
C:-Star
D:- Mark
Ans: D
11:-Research and Development expenditure is an example of
A:-Capital expenditure
B:-Revenue expenditure
C:-Deferred revenue expenditure
D:-None of these
Ans: C
12:-Maximum members of a board of directors of a primary co-operative society shall not be more than
A:-15 members
B:-21members
C:-13members
D:-7members
Ans: A
13:-Who is the custodian of cash and other valuables of a Primary Agricultural Co-operative Society
A:-Cashier
B:-Secretary
C:-President
D:-Accountant
Ans: B
14:-State Co-operative Election Commission conduct all elections of co-operative societies mentioned below except
A:-Election of Board of Directors
B:-Election of President and Vice President
C:-Election of Special General Body
D:-Election of Representative General Body
Ans: C
15:-The co-operative Development and Welfare Fund shall not be utilized for
A:-Utilizing for the developmental activities of these societies
B:-Safe guarding the damages to their assets
C:-Safe guarding the loss to their properties
D:-Expenses incurred for opening branches
Ans: B
16:-The Registrar shall appoint as per Section 71 of Kerala Co-operative Societies Act a person called
A:-Co-operative Tribunal
B:-Co-operative Ombudsman
C:-Liquidator
D:-Sale officer
Ans: C
17:-Which among the following Co-operative Societies, election shall not be conducted on ward basis
A:-Urban Co-operative Banks
B:-Urban Co-operative Societies
C:-Primary Housing Co-operative Societies
D:-Primary Consumer Co-operative Societies
Ans: D
18:-The immovable property acquired by a society through a sale by the sale officer for realization of loan amount shall be disposed within
A:-7 years
B:-3 years
C:-1 year
D:-2 years
Ans: A
19:-Which among the following is a false statement in case of voting to a society
A:-A member admitted in a Co-operative Society within 60 days immediately prior to the date of election shall not have right to vote
B:-A nominal member shall not have right to vote
C:-A depositor shall have right to vote
D:- An ex-officio member on the committee shall have vote
Ans: C
20:-A Society shall dispose 10% of its net profit to
A:-Reserve Fund
B:-Member Relief Fund
C:-Agricultural Credit Stabilization Fund
D:-Co-operative Education Fund
Ans: B
21:-Societies which are bond to keep fluid resources are
A:-Societies having deposits
B:-Societies doing Marketing business
C:-Societies doing Consumer business only
D:-Societies dealing coir products
Ans: A
22:-Among the following which is not the privileges of a Consumer Co-operative Society
A:-Charge on land owned by its loanees
B:-Exemption from income tax
C:-Deduction from the salary of loanees
D:-Exemption from stamp duty
Ans: B
23:-The amendment of the bye-law shall have approval from
A:-Chief Executive
B:-Managing Director
C:-President
D:-General Body
Ans: D
24:-Rule 6 of Kerala Co-operative Societies Act deals with
A:-Registrar of co-operative society
B:-Model bye-law
C:-Amendment of bye-law
D:-First General Body
Ans: B
25:-Which type of societies are allowed to admit any other society as nominal or associate member
A:-Coir Societies
B:-Scheduled Caste Societies
C:-Hand loom Societies
D:-Hospital Societies
Ans: D
26:- Which of the following would be classified by Herzberg as a hygiene factor?
A:-Achievement
B:-Company policy
C:-Promotion
D:-Responsibility
Ans: B
27:- Achievement motivation relates to
A:-Need of the person
B:-Knowledge of the person
C:-experience of the person
D:- aptitude of the person.
Ans: A
28:-A transformational leader is one
A:-who is involved in organizational change
B:-who provides new ways of carrying out management.
C:-who inspires the workers to new levels by offering them a vision of a better future
D:-who tries to transform their staff by giving them rewards for what they do
Ans: C
29:- Decision making does not include:
A:-identifying the problem
B:- evaluating alternatives
C:-select a preferred alternative
D:-making forecast
Ans: D
30:-The most democratic form of oraganisation is
A:-line
B:-line and staff
C:-functional
D:- committee
Ans: D
31:- Identify the wrong statement
A:- leadership is the ability to influence a group
B:-all leaders are managers
C:-all leaders are not managers
D:-all managers are leaders
Ans: B
32:- Which strategy would be effective when the new products have a counter cyclical sales pattern compared to an organization's present products?
A:-Forward integration
B:-market positioning
C:-Horizontal diversification
D:-Market penetration
Ans: A
33:- What does Dog symbolize in BCG martrix?
A:-high growth, high market share
B:-low growth, low market share
C:-low growth, high market share
D:-high growth, low market share
Ans: B
34:-Specific, short-term statements detailing how to achieve an organization's goals is known as
A:-vision
B:-mission
C:-objectives
D:- operational planning
Ans: C
35:- Which of the following is an example of a nonverbal message?
A:-eye contact
B:-jargon
C:-yelling
D:-mumbling
Ans: A
36:- The factors that generate shareholder wealth are usually called
A:-key factors
B:-value drivers
C:-present values
D:- future cash flows
Ans: B
37:-What does EVA stand for
A:-Employee value analysis
B:- Expected value arising
C:-Economic value added
D:-Economic value analysis
Ans: C
38:-A common method of measuring attitude of people is
A:-in-depth interviews
B:-observing people’s behavior
C:-semantic differential scales
D:-a lie detector
Ans: C
39:-Matrix structure of orgnisation violates which key element of organizational design
A:-unity of command
B:-chain of command
C:-span of management
D:- decentralisation
Ans: A
40:-Authority and responsibility are --------- to each other
A:-supplementary
B:-inconsistent
C:-contradictory
D:- complementary
Ans: D
41:-An offer kept open for acceptance over a period of time is referred to as :
A:-Counter offer
B:-Cross offer
C:-Standing offer
D:-Specific offer
Ans: C
42:-The time limit for filing a complaint before the District forum under Consumer Protection Act, 1986,is
A:-One year
B:-Two years
C:-Three years
D:-There is no such limits
Ans: B
43:-Mr.A entered into a contract with Mr.B whereby Mr.A agreed to sell heroin an illegal substance, worth Rs.50,000 to Mr.B. This is an example for:
A:-Void contract
B:-Voidable contract
C:-Quasi contract
D:-Second Party Beneficiary contract
Ans: A
44:-Section 172 of Contract Act deals with :
A:-Bailment
B:-Pledge
C:-Indemnity
D:-Lien
Ans: B
45:-The outside third party who is brought into settle a dispute and has the authority to take a decision is called:
A:-Legal expert
B:-Government
C:-An arbitrator
D:-Mentor
Ans: C
46:-Which of the following transactions does not come under the purview of bailment?
A:-Delivering goods to creditor as security of loan
B:-Delivering goods for repair with or without remuneration
C:-Delivering goods for carriage
D:-Placing ornaments in bank locker
Ans: D
47:-The term of a patent is:
A:-10 years
B:-14 Years
C:-20 Years
D:-25 Years
Ans: C
48:-'Novation' is a mode of discharge of contract by:
A:-lapse of time
B:-agreement
C:-operation of law
D:-performance of contract
Ans: B
49:-From the following identify a statement that is not true:
A:-Principal is bound by the act of agent done within the scope of his authority
B:-Authority given to borrow money makes the principal liable even if the agent borrows beyond authorised limits
C:-Principal is liable for fraud committed by his agent acting in the course of his business
D:-Authority given to sell goods authorises the agent to borrow money by pledging the goods
Ans: D
50:-Who is the Chairman of the Central Consumer Protection Council?
A:-Prime Minister
B:-Chief Justice of the Supreme Court
C:-Chief Justice of the High Court
D:-Minister in Charge of Consumer Affairs
Ans: D
51:-Who appoints the State Chief Information Commissioner under 'The Right to Information Act, 2005' ?
A:-Chief Minister
B:-Governor
C:-President of India
D:-Chief Justice of Supreme Court
Ans: B
52:-The Consumer Education and Research Centre is located at :
A:-Bombay
B:-Ahmedabad
C:-Kanpur
D:-Delhi
Ans: B
53:-The damages that can be awarded even if the aggrieved party has not suffered any loss, is referred to as:
A:-exemplary damages
B:-special damages
C:-ordinary damages
D:-nominal damages
Ans: D
54:-From the following, identify the one which is not a main objective of 'The Right to Information Act,2005;
A:-To ensure greater and more effective access to information
B:-To make the Right to Information Act more progressive,participatory and meaningful
C:-To have provisions to ensure maximum disclosure and maximum exemption consistent with Constitutional Provisions
D:-To provide for effective mechanism for access to information and disclosure by authorities
Ans: C
55:-The Telecom Regulatory Authority of India was established in -------------
A:-1991
B:-1996
C:-1997
D:-2000
Ans: C
56:- Regulatory environment consists
A:-Policies related to imports and exports
B:-Policies related to distribution and pricing
C:-(A) and (B) both
D:-Cost of human resources
Ans: C
57:-GDP consists
A:-Per unit market price
B:-Gross output of goods
C:-Service
D:-All of the above
Ans: D
58:- Which one of the following is not a characteristic of capitalist economic system
A:-Central economic planning
B:-Interdependence
C:-Occupational freedom
D:-Consumer sovereignty
Ans: A
59:- . EXIM Policy, 2002-07 started from
A:-31-03-2002
B:-28-03-2002
C:-1-04-2002
D:-2-04-2002
Ans: A
60:-The economic environment of a business includes
A:-Economic System
B:-Economic Policies
C:-Economic Conditions
D:-All of the above
Ans: D
61. Co-operative farming is
A) an organisation of SHGs to promote agricultural growth
B) an organisation of farmers extending the principles of co-operation to agriculture
C) an organisation of MFI's to promote agricultural growth
D) an organisation of entrepreneurs to promote agricultural growth.
Ans: B
62. The most suitable deposit scheme for traders : (A) Fixed Deposit (B) Recurring Deposit (C) Current Deposit (D) Savings Deposits
Ans: C
63. The document drawn by the debtor contains unconditional undertaking to pay the money to the creditor : (A) Promissory Note (B) Bill of exchange (C) Demand draft (D) Crossed Cheque
Ans: A
64. If Cheque is not crossed, it is called : (A) Order Cheque (B) Bearer Cheque (C) Open Cheque (D) Dishonoured Cheque
Ans: C
65. The appropriation takes place in ————– order according to Claytons Case. (A) Alphabetical Order (B) Preferential Order (C) Chronological Order (D) No specific Order
Ans: C
66. Banking institution proving long term loans are : (A) Investment banks (B) Corporate Banks (C) Exchange Banks (D) Rural Banks
Ans: A
67. The Security which hold stability in its Price : (A) Gold (B) Share of company (C) Real estate (D) Govt. Bonds
Ans: D
68. The higher Cash reserve ratio will lead to : (A) Higher Volume of credit (B) Lower Volume of Credit (C) Not affect the Volume of Credit (D) None of these
Ans: B
69. The priority sector lending not include : (A) Agriculture (B) Housing Finance (C) Large Scale Industries (D) SSI Units
Ans: C
70. During the period of inflation the RBI ————– the securities in the open market. (A) Buys (B) Converts (C) Sells (D) Control
Ans: C
71. The activities of Agricultural Credit department is handled by : (A) NABARD (B) RRB (C) RBI (D) SBI
Ans: A
72. The Reserve Bank of India started it function on : (A) 1953 (B) 1945 (C) 1932 (D) 1935
Ans: D
73. ————– is a Multi-state Co-operative society engaged in the business of manufacturing and marketing of fertilizers.
(A) NAFED (B) IFFCO (C) NCHF (D) None of these
Ans: B
74. Demand Draft is issued by : (A) Bank (B) Customer (C) Debtor (D) Creditor
Ans: A
75. ECS Means : (A) Electronic Cheque Clearance (B) Electronic Customer Service (C) Electronic Consumer Service (D) Electronic Clearing Service
Ans: D
76. The relationship between the customer and the banker in case of deposit : (A) Principal and agent (B) Debtor and creditor (C) Lessee and lesser (D) None of these
Ans: B
77. Total number of banks Nationalised in 1969 : (A) 16 (B) 18 (C) 14 (D) 17
Ans: C
78. The management of account receivable of the exporter or manufacturer is known as : (A) Foreign exchange service (B) Restructuring service (C) Factoring Service (D) Venture Capital assistance
Ans: C
79. The bank which meet the long term requirement of agriculturalists : (A) Land Development Bank (B) State Co-operative bank (C) Regional Rural bank (D) None of these
Ans: A
80. The major players in Indian Money market : (A) Co-operative Banks (B) Private money lenders (C) Non Banking Financial Institutions (D) Commercial Banks
Ans: D
81. Which of the following is not a external cause for NPA : (A) Poor credit appraisal system of bank (B) Industrial recession (C) Government policy (D) Natural Calamities
Ans: A
82. The Non performing Assets which cannot be recovered is termed as : (A) Doubtful assets (B) Sub-standard assets (C) Loss assets (D) Standard Assets
Ans: C
83. SARFAESI Act 2002 came into force : (A) To manage NPA (B) To control Black money (C) To regulate foreign Exchange (D) To avoid cyber crimes
Ans: A
84. An organization underwrite the securities of corporate entity : (A) Unit Bank (B) Branch Bank (C) Merchant Bank (D) None of these
Ans: C
85. Licensing to banking companies is given under ___________ section of banking regulation Act 1949. (A) Section 45 (B) Section 22 (C) Section 32 (D) Section 23
Ans: B
86. The expenses of special audit of a Banking Company specified in the order made by the Reserve Bank shall be borne by : (A) The banking company (B) Reserve Bank of India (C) Ministry of finance (D) CAG of India
Ans: A
87. As per PMJJBY scheme on the death of insured, risk coverage available is : (A) 2,00,000 (B) 5,00,000 (C) 2,50,000 (D) 4,50,000
Ans: A
88. Under Atal Pension Yojana, the guaranteed pension receivable at the age of : (A) 55 Years (B) 65 Years (C) 60 Years (D) 50 Years
Ans: C
89. The right of setoff means : (A) Right to sell (B) Right to transfer (C) Right to buy (D) Right to combine
Ans: D
90. The banker’s Lien is always : (A) General Lien (B) Specific Lien (C) Mortgage lien (D) None of these
Ans: A
91. The main object of forming a co-operative society is to : (A) Comply co-operative principles (B) Economic welfare of members (C) Provide loan/Consumer goods to members (D) Create employment opportunities
Ans: B
92. Form Number used to create Gehan :
(A) Form 8A (B) Form 8C (C) Form 8B (D) Form 8D
Ans: A
93. ‘One man one vote’ principle was recommended by ————– Committee. (A) Minto Morley (B) Gorwala (C) Mac Lagan (D) Montague Chelmsford
Ans: C
94. The President of a Co-operative Society is : (A) Owner (B) Officer (C) Adviser (D) Employees
Ans: B
95. Co-operation is included in the ————– schedule of Indian Constitution. (A) V (B) VI (C) VII (D) IX
Ans: C
96. The “Operation Flood Programme” was implemented through : (A) AMUL (B) NDDB (C) MILMA (D) NCDC
Ans: B
97. The Multi-State Cooperative Societies Act 2002 of India has incorporated ————– in its second schedule.
(A) Co-operative values (B) Co-operative Principles (C) Co-operative values and principles (D) None of the above
Ans: C
98. In December 2009, the United Nations declared ————– year as the International Year of Co-operatives. (A) 2012 (B) 2010 (C) 2011 (D) 2013
Ans: A
99. The headquarters of International Co-operative Alliance (ICA) was shifted to Brussels in Belgium :
(A) 2012 (B) 2010 (C) 2011 (D) 2013
Ans: D
A:-Chief Minister
B:-Governor
C:-President of India
D:-Chief Justice of Supreme Court
Ans: B
52:-The Consumer Education and Research Centre is located at :
A:-Bombay
B:-Ahmedabad
C:-Kanpur
D:-Delhi
Ans: B
53:-The damages that can be awarded even if the aggrieved party has not suffered any loss, is referred to as:
A:-exemplary damages
B:-special damages
C:-ordinary damages
D:-nominal damages
Ans: D
54:-From the following, identify the one which is not a main objective of 'The Right to Information Act,2005;
A:-To ensure greater and more effective access to information
B:-To make the Right to Information Act more progressive,participatory and meaningful
C:-To have provisions to ensure maximum disclosure and maximum exemption consistent with Constitutional Provisions
D:-To provide for effective mechanism for access to information and disclosure by authorities
Ans: C
55:-The Telecom Regulatory Authority of India was established in -------------
A:-1991
B:-1996
C:-1997
D:-2000
Ans: C
56:- Regulatory environment consists
A:-Policies related to imports and exports
B:-Policies related to distribution and pricing
C:-(A) and (B) both
D:-Cost of human resources
Ans: C
57:-GDP consists
A:-Per unit market price
B:-Gross output of goods
C:-Service
D:-All of the above
Ans: D
58:- Which one of the following is not a characteristic of capitalist economic system
A:-Central economic planning
B:-Interdependence
C:-Occupational freedom
D:-Consumer sovereignty
Ans: A
59:- . EXIM Policy, 2002-07 started from
A:-31-03-2002
B:-28-03-2002
C:-1-04-2002
D:-2-04-2002
Ans: A
60:-The economic environment of a business includes
A:-Economic System
B:-Economic Policies
C:-Economic Conditions
D:-All of the above
Ans: D
61. Co-operative farming is
A) an organisation of SHGs to promote agricultural growth
B) an organisation of farmers extending the principles of co-operation to agriculture
C) an organisation of MFI's to promote agricultural growth
D) an organisation of entrepreneurs to promote agricultural growth.
Ans: B
62. The most suitable deposit scheme for traders : (A) Fixed Deposit (B) Recurring Deposit (C) Current Deposit (D) Savings Deposits
Ans: C
63. The document drawn by the debtor contains unconditional undertaking to pay the money to the creditor : (A) Promissory Note (B) Bill of exchange (C) Demand draft (D) Crossed Cheque
Ans: A
64. If Cheque is not crossed, it is called : (A) Order Cheque (B) Bearer Cheque (C) Open Cheque (D) Dishonoured Cheque
Ans: C
65. The appropriation takes place in ————– order according to Claytons Case. (A) Alphabetical Order (B) Preferential Order (C) Chronological Order (D) No specific Order
Ans: C
66. Banking institution proving long term loans are : (A) Investment banks (B) Corporate Banks (C) Exchange Banks (D) Rural Banks
Ans: A
67. The Security which hold stability in its Price : (A) Gold (B) Share of company (C) Real estate (D) Govt. Bonds
Ans: D
68. The higher Cash reserve ratio will lead to : (A) Higher Volume of credit (B) Lower Volume of Credit (C) Not affect the Volume of Credit (D) None of these
Ans: B
69. The priority sector lending not include : (A) Agriculture (B) Housing Finance (C) Large Scale Industries (D) SSI Units
Ans: C
70. During the period of inflation the RBI ————– the securities in the open market. (A) Buys (B) Converts (C) Sells (D) Control
Ans: C
71. The activities of Agricultural Credit department is handled by : (A) NABARD (B) RRB (C) RBI (D) SBI
Ans: A
72. The Reserve Bank of India started it function on : (A) 1953 (B) 1945 (C) 1932 (D) 1935
Ans: D
73. ————– is a Multi-state Co-operative society engaged in the business of manufacturing and marketing of fertilizers.
(A) NAFED (B) IFFCO (C) NCHF (D) None of these
Ans: B
74. Demand Draft is issued by : (A) Bank (B) Customer (C) Debtor (D) Creditor
Ans: A
75. ECS Means : (A) Electronic Cheque Clearance (B) Electronic Customer Service (C) Electronic Consumer Service (D) Electronic Clearing Service
Ans: D
76. The relationship between the customer and the banker in case of deposit : (A) Principal and agent (B) Debtor and creditor (C) Lessee and lesser (D) None of these
Ans: B
77. Total number of banks Nationalised in 1969 : (A) 16 (B) 18 (C) 14 (D) 17
Ans: C
78. The management of account receivable of the exporter or manufacturer is known as : (A) Foreign exchange service (B) Restructuring service (C) Factoring Service (D) Venture Capital assistance
Ans: C
79. The bank which meet the long term requirement of agriculturalists : (A) Land Development Bank (B) State Co-operative bank (C) Regional Rural bank (D) None of these
Ans: A
80. The major players in Indian Money market : (A) Co-operative Banks (B) Private money lenders (C) Non Banking Financial Institutions (D) Commercial Banks
Ans: D
81. Which of the following is not a external cause for NPA : (A) Poor credit appraisal system of bank (B) Industrial recession (C) Government policy (D) Natural Calamities
Ans: A
82. The Non performing Assets which cannot be recovered is termed as : (A) Doubtful assets (B) Sub-standard assets (C) Loss assets (D) Standard Assets
Ans: C
83. SARFAESI Act 2002 came into force : (A) To manage NPA (B) To control Black money (C) To regulate foreign Exchange (D) To avoid cyber crimes
Ans: A
84. An organization underwrite the securities of corporate entity : (A) Unit Bank (B) Branch Bank (C) Merchant Bank (D) None of these
Ans: C
85. Licensing to banking companies is given under ___________ section of banking regulation Act 1949. (A) Section 45 (B) Section 22 (C) Section 32 (D) Section 23
Ans: B
86. The expenses of special audit of a Banking Company specified in the order made by the Reserve Bank shall be borne by : (A) The banking company (B) Reserve Bank of India (C) Ministry of finance (D) CAG of India
Ans: A
87. As per PMJJBY scheme on the death of insured, risk coverage available is : (A) 2,00,000 (B) 5,00,000 (C) 2,50,000 (D) 4,50,000
Ans: A
88. Under Atal Pension Yojana, the guaranteed pension receivable at the age of : (A) 55 Years (B) 65 Years (C) 60 Years (D) 50 Years
Ans: C
89. The right of setoff means : (A) Right to sell (B) Right to transfer (C) Right to buy (D) Right to combine
Ans: D
90. The banker’s Lien is always : (A) General Lien (B) Specific Lien (C) Mortgage lien (D) None of these
Ans: A
91. The main object of forming a co-operative society is to : (A) Comply co-operative principles (B) Economic welfare of members (C) Provide loan/Consumer goods to members (D) Create employment opportunities
Ans: B
92. Form Number used to create Gehan :
(A) Form 8A (B) Form 8C (C) Form 8B (D) Form 8D
Ans: A
93. ‘One man one vote’ principle was recommended by ————– Committee. (A) Minto Morley (B) Gorwala (C) Mac Lagan (D) Montague Chelmsford
Ans: C
94. The President of a Co-operative Society is : (A) Owner (B) Officer (C) Adviser (D) Employees
Ans: B
95. Co-operation is included in the ————– schedule of Indian Constitution. (A) V (B) VI (C) VII (D) IX
Ans: C
96. The “Operation Flood Programme” was implemented through : (A) AMUL (B) NDDB (C) MILMA (D) NCDC
Ans: B
97. The Multi-State Cooperative Societies Act 2002 of India has incorporated ————– in its second schedule.
(A) Co-operative values (B) Co-operative Principles (C) Co-operative values and principles (D) None of the above
Ans: C
98. In December 2009, the United Nations declared ————– year as the International Year of Co-operatives. (A) 2012 (B) 2010 (C) 2011 (D) 2013
Ans: A
99. The headquarters of International Co-operative Alliance (ICA) was shifted to Brussels in Belgium :
(A) 2012 (B) 2010 (C) 2011 (D) 2013
Ans: D