MCQ on Cooperative Society:
1. What is cooperative society?
(1) Cooperative societies are formed with the aim of helping their members.
(2) Cooperative societies type of business organisation is formed mainly by weaker sections of the society in order to prevent any type of exploitation from the economically stronger sections of the society.
(3) An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned enterprise.
(4) All of these
Answer: 4
2. Which of the following is not a feature of cooperative society______
(1) To provide goods and services and other requirements to the members;
(2) To develop expertise and skills among its members;
(3) To promote self economic growth by capital market.
(4) To acquire lands and provide housing benefits for the members.
Answer: 3
3. Who regulates the registration and other activities of a cooperative society?
(1) NABARD
(2) SBI
(3) SEBI
(4) RCS
Answer: D
4. Who inspects cooperative societies?
(1) The Central Registrar
(2) Central Government
(3) The Members
(4) None of these
Answer: 1
5. Which is the first cooperative bank in India?
(1) Anyonya Co-operative Bank Limited
(2) Bank of Maharashtra
(3) Sate bank of India
(4) Indian Bank
Answer: 1
6. Which is the largest cooperative society in India?
A. IFFCO
B. Agricultural Credit Cooperative Society,
C. Grant Road Society
D. None of these
Answer: A
7. Which was the first cooperative society registered_______
(1) Agricultural Credit Cooperative Society, 1905
(2) Grant Road Society, 1914
(3) Madras Cooperative Union, 1914
(4) None of the above
Answer: 1
8. Which is the best cooperative society in India?
(1) Amul.
(2) Indian Coffee House.
(3) Indian Farmers Fertilizer Cooperative Limited (IFFCO)
(4) All of these
Answer: 4
9. The principle followed in a co-operative society is________
(1) No vote
(2) One man, one vote
(3) Multiple votes
(4) only females can vote
Answer: 2
10. What are the sources of cooperative?
(1) members' contributions, (2) subscription fees,
(3) interest on loan
(4) All of these
Answer: 4
11. Which is the largest cooperative society in the world?
(1) CrŽdit Agricole Group France
(2) Groupe Caisse D'Epargne France
(3) Zen-Noh (National Federation of Agricultural Co-operatives)
(4) None of these
Answer: 1
12. Which of the following are Non-Agricultural Credit Societies?
(1) Cooperative Banks
(2) Thrift & Credit Societies
(3) Salary Earners Society
(4) All of the above
Answer: 4
13. What are the types of cooperative society?
(1) Producer Cooperative.
(2) Consumer Cooperative.
(3) Marketing Cooperative Society.
(4) Housing Cooperative Society.
(4) All of these
Answer: 5
14. Which of the following is the principles of cooperative?
(1) Open and Voluntary Membership.
(2) Democratic Member Control.
(3) Members' Economic Participation.
(4) All of these
Answer: 4
15. The members of a Co-operative Society have
(1) Unlimited liability
(2) Limited liability
(3) Joint and Several liability
(4) Joint liability
Answer: 2
16. Who introduced cooperative society in India?
(1) Jawaharlal Nehru
(2) Indira Gandhi
(3) Moraraji Desai
(4) None of these
Answer: 1
17. What are the feature of cooperative society?
(1) To encourage thrift and savings mobilization among the members:
(2) To generate funds and extend credit to the members for productive and
provident purposes;
(3) To encourage among members systematic production and marketing.
(4) All of these
Answer: 4