COOPERATION-PAGE 7
COOPERATION-PAGE 7 MCQs
1. Bridge loans which are provided to the Industrial undertaking for : (A) The winding up of the Company (B) Construction of bridges and building (C) Meeting short term urgent needs (D) Merging one bank with other
Ans: C
2. Capital adequacy is one of the pillars of ————– norms for good governance. (A) IMF (B) Basel (C) ADB (D) RBI
Ans: B
3. IFSC consists of total alpha-numeric number of : (A) 10 (B) 11 (C) 9 (D) 12
Ans: B
4. The market for short term loans is called : (A) Capital Market (B) Bill Market (C) Acceptance Market (D) Money market
Ans: D
5. Expand CTS : (A) Cheque Transaction System (B) Computer Transaction Software (C) Clear Transaction System (D) Cheque Truncation System
Ans: D
6. Which card is issued by National Payment Corporation of India : (A) Visa Debit Card (B) Master Debit Card (C) Rupay Debit Card (D) Maestro Debit Card
Ans: C
7. The NBFC are allowed to accept public deposit for a maximum period of : (A) 12 months (B) 48 months (C) 72 months (D) 60 Months
Ans: D
8. The rate of interest in the call money market is determined by : (A) Lenders and borrowers (B) RBI (C) SEBI (D) Indian Bank Association
Ans: A
9. The drawer of a cheque is mention the date subsequent to the date on which it is drawn; it is called : (A) Pre dated Cheque (B) Post dated Cheque (C) Stale Cheque (D) None of these
Ans: B
10. Demonetisation of Bank notes 500 and 1,000 was announced on : (A) 2016 November 18 (B) 2018 November 8 (C) 2016 November 28 (D) 2016 November 8
Ans: D
11. The security for long term loan not include : (A) Mortgage of fixed Assets (B) Pledge of goods (C) Hypothecation of Movable assets (D) None of these
Ans: B
12. The Red colour in the Co-operative Flag of International Co-operative Alliance (ICA) stands for ————– of Co-operatives. (A) Vision (B) Challenge (C) Growth (D) Courage
Ans: D
13. ————– is an apex organization founded on the birthday of Mahatma Gandhi on 2nd October 1958.
(A) NAFED (B) IFFCO (C) NCDC (D) NDDB
Ans: A
14. PACS in Co-operation stands for : (A) Primary Agricultural Credit Society (B) Primary Association of Credit Societies (C) Primary Agricultural Co-operative Society (D) Primary Association of Co-operative Societies
Ans: A
15. LAMPS stands for : (A) Large Sized Multipurpose Cooperative Societies (B) Large Agricultural Multipurpose Cooperative Societies (C) Large Sized Adivasi Multipurpose Cooperative Societies (D) None of the above
Ans: C
16. Societies exempted from the payment of audit fees under Rule 65(3) : (A) Societies of which majority or all members are scheduled Caste/Scheduled Tribe (B) Societies having concurrent auditor (C) Social welfare Societies (D) All of these
Ans: D
17. The Registrar shall make an order for the cancellation of the registration of the society under : (A) Section 73 (B) Section 74 (C) Section 72 (D) Section 75
Ans: D
18. The government have the right to nominate not more than ————– persons on the committee of an apex or central society. (A) Two (B) Three (C) Four (D) Five
Ans: B
19. ————– is based on the principle of self interest, maximization of profits and exploitation. (A) Co-operation (B) Capitalism (C) Socialism (D) Trade unionism
Ans: B
20. Which one of the following is related to Sri. Choudhary Brahm Prakash? (A) Ex-Member of Parliament (B) Former General Secretary, National Co-operative Union of India (NCUI) (C) Former Union Minister of Agriculture and Co-operation (D) All of these
Ans: D
21. Multi State Cooperative Societies Act 2002 was enacted with the objective : (A) to facilitate the voluntary formation and democratic functioning of cooperatives as peoples institutions based on self help and mutual aid (B) to enable the people to promote their economic and social betterment (C) to provide functional autonomy and freedom to cooperatives (D) All of these
Ans: D
22. The centennial year of the Indian cooperative movement : (A) 1969 (B) 2012 (C) 2004 (D) 2014
Ans: C
23. The Expert Group on Agricultural Indebtedness was set up in August 2006 under the chairmanship of : (A) R. Radhakrishna (B) A. Vaidyanathan (C) A.D. Gorwala (D) None of these
Ans: A
24. Education Fund of every co-operative society has to be paid within ————– months from the date of receipt of Audit Certificate. (A) 3 (B) 2 (C) 4 (D) 6
Ans: B
25. Which Article in Indian Constitution make the formation of co-operative society a fundamental right of Indian citizen?
(A) 19(C) (B) 43(B) (C) 226 (D) 268
Ans: A
26. Which of the following is not a Co-operative federation in India : (A) NAFED (B) MOTHER DIARY (C) IFFCO (D) KRIBHCO
Ans: B
27. Founder of the first Co-operative Journal “The Co-operator” : (A) Robert Owen (B) Charles Howrath (C) Dr. William King (D) None of these
Ans: C
28. Which one of the following is correctly matched? (A) Registration Certificate [Sec. 8A] (B) Affiliation to apex society [Sec. 8] (C) Final authority in a society [Sec. 26] (D) Application for registration of cooperative societies [Sec. 6]
Ans: D
29. Part of Banking Regulation Act applicable for Co-operative Societies : (A) Part III (B) Part IV (C) Part V (D) Part VI
Ans: C
30. The National Co-operative Housing Federation of India was founded in the year (A) 1968 (B) 1969 (C) 1970 (D) 1971
Ans: B
31. Co-operation become a state subject from ————– onwards. (A) 1947 (B) 1919 (C) 1942 (D) 1956
Ans: B
32. Vikhe Patil Committee was appointed by the Government of India in : (A) 2001 (B) 2000 (C) 1996 (D) 2004
Ans: A
33. The first General Body meeting of a Co-operative Society has to be convened within ————– days from the date of registration. (A) 120 days (B) 90 days (C) 180 days (D) 60 days
Ans: B
34. International Co-operative Day is celebrated in every year on : (A) 1st Saturday of July (B) 2nd Saturday of July (C) November 14 (D) November 19
Ans: A
35. There is similarity between Co-operation and Capitalism in respect of : (A) Mutual Help (B) Service Motive (C) Holding of private property (D) Exploitation
Ans: C
36. An officer who executes the award is called : (A) Sale Officer (B) Arbitrator (C) Liquidator (D) Administrator
Ans: A
37. Co-operative movement and development in India is the outcome of : (A) Trade union movement (B) Voluntary effort of the Public (C) Initiatives taken by the Government (D) None of these
Ans: C
38. State Co-operative Election Commission is constituted under section : (A) Section 28B (B) Section 28A (C) Section 29 (D) None of these
Ans: A
39. All India Rural Credit Review Committee was established by Reserve Bank of India in : (A) 1951 (B) 1954 (C) 1970 (D) 1963
Ans: C
40. NABARD is a : (A) Co-operative Bank (B) Development Bank (C) Scheduled Bank (D) None of these
Ans: B
41. ————– was the Chairman of High Powered Committee on Co-operatives appointed by Government of India in 2009.
(A) Shivaji Rao Patil (B) A. Vaidyanathan (C) Sir Malcolm Darling (D) S. Nijalingappa
Ans: A
42. The General Council of NCDC consists of ————– members. (A) 12 (B) 15 (C) 51 (D) 13
Ans: C
43. The reasons for the 97th Constitutional Amendment Act of 2011 are
1. Over the years, the co-operative sector has made significant contribution to various sectors of national economy
2. It has achieved large growth
3. But, it has shown weaknesses in safeguarding the interests of the members and fulfillment of objects for which these institutions were organized
4. There have been incidences where elections have been postponed indefinitely; nominated office bearers have remained in-charge of these institutions for a long time resulting reduction in the accountability of co-operative societies to their members.
(A) 1, 2 and 3
(B) 2 and 4
(C) 2 and 3
(D) All of the above
Ans: D
Ans: C
2. Capital adequacy is one of the pillars of ————– norms for good governance. (A) IMF (B) Basel (C) ADB (D) RBI
Ans: B
3. IFSC consists of total alpha-numeric number of : (A) 10 (B) 11 (C) 9 (D) 12
Ans: B
4. The market for short term loans is called : (A) Capital Market (B) Bill Market (C) Acceptance Market (D) Money market
Ans: D
5. Expand CTS : (A) Cheque Transaction System (B) Computer Transaction Software (C) Clear Transaction System (D) Cheque Truncation System
Ans: D
6. Which card is issued by National Payment Corporation of India : (A) Visa Debit Card (B) Master Debit Card (C) Rupay Debit Card (D) Maestro Debit Card
Ans: C
7. The NBFC are allowed to accept public deposit for a maximum period of : (A) 12 months (B) 48 months (C) 72 months (D) 60 Months
Ans: D
8. The rate of interest in the call money market is determined by : (A) Lenders and borrowers (B) RBI (C) SEBI (D) Indian Bank Association
Ans: A
9. The drawer of a cheque is mention the date subsequent to the date on which it is drawn; it is called : (A) Pre dated Cheque (B) Post dated Cheque (C) Stale Cheque (D) None of these
Ans: B
10. Demonetisation of Bank notes 500 and 1,000 was announced on : (A) 2016 November 18 (B) 2018 November 8 (C) 2016 November 28 (D) 2016 November 8
Ans: D
11. The security for long term loan not include : (A) Mortgage of fixed Assets (B) Pledge of goods (C) Hypothecation of Movable assets (D) None of these
Ans: B
12. The Red colour in the Co-operative Flag of International Co-operative Alliance (ICA) stands for ————– of Co-operatives. (A) Vision (B) Challenge (C) Growth (D) Courage
Ans: D
13. ————– is an apex organization founded on the birthday of Mahatma Gandhi on 2nd October 1958.
(A) NAFED (B) IFFCO (C) NCDC (D) NDDB
Ans: A
14. PACS in Co-operation stands for : (A) Primary Agricultural Credit Society (B) Primary Association of Credit Societies (C) Primary Agricultural Co-operative Society (D) Primary Association of Co-operative Societies
Ans: A
15. LAMPS stands for : (A) Large Sized Multipurpose Cooperative Societies (B) Large Agricultural Multipurpose Cooperative Societies (C) Large Sized Adivasi Multipurpose Cooperative Societies (D) None of the above
Ans: C
16. Societies exempted from the payment of audit fees under Rule 65(3) : (A) Societies of which majority or all members are scheduled Caste/Scheduled Tribe (B) Societies having concurrent auditor (C) Social welfare Societies (D) All of these
Ans: D
17. The Registrar shall make an order for the cancellation of the registration of the society under : (A) Section 73 (B) Section 74 (C) Section 72 (D) Section 75
Ans: D
18. The government have the right to nominate not more than ————– persons on the committee of an apex or central society. (A) Two (B) Three (C) Four (D) Five
Ans: B
19. ————– is based on the principle of self interest, maximization of profits and exploitation. (A) Co-operation (B) Capitalism (C) Socialism (D) Trade unionism
Ans: B
20. Which one of the following is related to Sri. Choudhary Brahm Prakash? (A) Ex-Member of Parliament (B) Former General Secretary, National Co-operative Union of India (NCUI) (C) Former Union Minister of Agriculture and Co-operation (D) All of these
Ans: D
21. Multi State Cooperative Societies Act 2002 was enacted with the objective : (A) to facilitate the voluntary formation and democratic functioning of cooperatives as peoples institutions based on self help and mutual aid (B) to enable the people to promote their economic and social betterment (C) to provide functional autonomy and freedom to cooperatives (D) All of these
Ans: D
22. The centennial year of the Indian cooperative movement : (A) 1969 (B) 2012 (C) 2004 (D) 2014
Ans: C
23. The Expert Group on Agricultural Indebtedness was set up in August 2006 under the chairmanship of : (A) R. Radhakrishna (B) A. Vaidyanathan (C) A.D. Gorwala (D) None of these
Ans: A
24. Education Fund of every co-operative society has to be paid within ————– months from the date of receipt of Audit Certificate. (A) 3 (B) 2 (C) 4 (D) 6
Ans: B
25. Which Article in Indian Constitution make the formation of co-operative society a fundamental right of Indian citizen?
(A) 19(C) (B) 43(B) (C) 226 (D) 268
Ans: A
26. Which of the following is not a Co-operative federation in India : (A) NAFED (B) MOTHER DIARY (C) IFFCO (D) KRIBHCO
Ans: B
27. Founder of the first Co-operative Journal “The Co-operator” : (A) Robert Owen (B) Charles Howrath (C) Dr. William King (D) None of these
Ans: C
28. Which one of the following is correctly matched? (A) Registration Certificate [Sec. 8A] (B) Affiliation to apex society [Sec. 8] (C) Final authority in a society [Sec. 26] (D) Application for registration of cooperative societies [Sec. 6]
Ans: D
29. Part of Banking Regulation Act applicable for Co-operative Societies : (A) Part III (B) Part IV (C) Part V (D) Part VI
Ans: C
30. The National Co-operative Housing Federation of India was founded in the year (A) 1968 (B) 1969 (C) 1970 (D) 1971
Ans: B
31. Co-operation become a state subject from ————– onwards. (A) 1947 (B) 1919 (C) 1942 (D) 1956
Ans: B
32. Vikhe Patil Committee was appointed by the Government of India in : (A) 2001 (B) 2000 (C) 1996 (D) 2004
Ans: A
33. The first General Body meeting of a Co-operative Society has to be convened within ————– days from the date of registration. (A) 120 days (B) 90 days (C) 180 days (D) 60 days
Ans: B
34. International Co-operative Day is celebrated in every year on : (A) 1st Saturday of July (B) 2nd Saturday of July (C) November 14 (D) November 19
Ans: A
35. There is similarity between Co-operation and Capitalism in respect of : (A) Mutual Help (B) Service Motive (C) Holding of private property (D) Exploitation
Ans: C
36. An officer who executes the award is called : (A) Sale Officer (B) Arbitrator (C) Liquidator (D) Administrator
Ans: A
37. Co-operative movement and development in India is the outcome of : (A) Trade union movement (B) Voluntary effort of the Public (C) Initiatives taken by the Government (D) None of these
Ans: C
38. State Co-operative Election Commission is constituted under section : (A) Section 28B (B) Section 28A (C) Section 29 (D) None of these
Ans: A
39. All India Rural Credit Review Committee was established by Reserve Bank of India in : (A) 1951 (B) 1954 (C) 1970 (D) 1963
Ans: C
40. NABARD is a : (A) Co-operative Bank (B) Development Bank (C) Scheduled Bank (D) None of these
Ans: B
41. ————– was the Chairman of High Powered Committee on Co-operatives appointed by Government of India in 2009.
(A) Shivaji Rao Patil (B) A. Vaidyanathan (C) Sir Malcolm Darling (D) S. Nijalingappa
Ans: A
42. The General Council of NCDC consists of ————– members. (A) 12 (B) 15 (C) 51 (D) 13
Ans: C
43. The reasons for the 97th Constitutional Amendment Act of 2011 are
1. Over the years, the co-operative sector has made significant contribution to various sectors of national economy
2. It has achieved large growth
3. But, it has shown weaknesses in safeguarding the interests of the members and fulfillment of objects for which these institutions were organized
4. There have been incidences where elections have been postponed indefinitely; nominated office bearers have remained in-charge of these institutions for a long time resulting reduction in the accountability of co-operative societies to their members.
(A) 1, 2 and 3
(B) 2 and 4
(C) 2 and 3
(D) All of the above
Ans: D