FINAL ANSWER KEY
Paper: Principles of Co-operation and the Co-operative Societies Act and Rules - II PAPER
Date of Test 01-11-2020
Question1:-Any order or decision referred to in Section 76 of KCS Act
A:-Decree
B:-Injection Order
C:-Dispute
D:-None of the above
Correct Answer:- Option-A
Question2:-Consortium Lending scheme was framed under Section ____ of KCS Act
A:-56A
B:-57A
C:-57B
D:-57C
Correct Answer:- Option-D
Question3:-HANTEX is related to which co-operative section
A:-Textile
B:-Hanweave
C:-Handloom
D:-None of the above
Correct Answer:- Option-C
Question4:-The main object of ICDP project
A:-Development of Marketing
B:-Overall development of selected district
C:-Development of credit societies
D:-None of the above
Correct Answer:- Option-B
Question5:-Failure on the part of any person, to repay to the financing bank, a loan or any other credit dues to it within the time fixed for payment is called
A:-Defaulter
B:-Debt
C:-Default
D:-None of the above
Correct Answer:- Option-C
Question6:-The Collective farms in Russia is known as
A:-Kolkoz
B:-Surkozy
C:-MTS
D:-None of the above
Correct Answer:- Option-A
Question7:-Refusal of an application for registration of a society shall be made within ___ days from the date of receipt of the application A:-30
B:-45
C:-60
D:-90
Correct Answer:- Option-D
Question8:-If a Registration Certificate is irrecoverable lost, the Certificate is to be issued in Form
A:-2A
B:-3A
C:-2B
D:-3B
Correct Answer:- Option-B
Question9:-The year declared as '' International Year of Co-operatives'' by UN
A:-2012
B:-2010
C:-2015
D:-2000
Correct Answer:- Option-A
Question10:-Every society shall commence working within ____ months from its registration
A:-3
B:-4
C:-5
D:-6
Correct Answer:- Option-D
Question11:-Amount to be remitted for the byelaw amendment of a vanitha co-operative society
A:-Rs. 500
B:-Rs. 50
C:-Rs. 1,000
D:-None of the above
Correct Answer:- Option-B
Question12:-The resolution to conduct the election of a society should be taken atleast ____ days in advance of the date of expiration of the term of the committee
A:-30
B:-45
C:-60
D:-90
Correct Answer:- Option-C
Question13:-''Each for all and all for each'' principle was introduced by
A:-Robert Owen
B:-Frederic Nicolson
C:-Raiffeisen
D:-None of these
Correct Answer:- Option-C
Question14:-The State Co-operative Election Commission is appointed by
A:-Registrar
B:-Government
C:-State Co-operative Union
D:-None of the above
Correct Answer:- Option-B
Question15:-The Identity card shall be issued to a member of a society in
A:-Form 6A
B:-Form 6B
C:-Form 6C
D:-Form 6D
Correct Answer:- Option-A
Question16:-Byelaw amendment proposal shall be forwarded to Registrar within ___ days from the date of General Body meeting A:-90
B:-60
C:-45
D:-30
Correct Answer:- Option-D
Question17:-The application for membership in a society is approved by
A:-Committee
B:-General Body
C:-Registrar
D:-None of the above
Correct Answer:- Option-A
Question18:-The Secretary of circle co-operative Union
A:-Joint Registrar (General)
B:-Joint Director
C:-Assistant Director
D:-Assistant Registrar (General)
Correct Answer:- Option-D
Question19:-Rochdale Society of equitable Pioneers was a society of
A:-10 sailors
B:-10 farmers
C:-10 weavers
D:-10 tailors
Correct Answer:- Option-C
Question20:-First General Body meeting shall be convene within _____ months from the date of registration of a society A:-2
B:-3
C:-4
D:-6
Correct Answer:- Option-B
Question21:-The custodian of cash, security and other properties of a society
A:-Cashier
B:-President
C:-Secretary
D:-None of the above
Correct Answer:- Option-C
Question22:-The maximum amount of contribution towards Co-operative Education Fund
A:-Rs. 25,000
B:-Rs. 30,000
C:-Rs. 50,000
D:-Rs. 60,000
Correct Answer:- Option-D
Question23:-Co-operative Member Relief Fund is maintained by
A:-Registrar
B:-Government
C:-Society
D:-None of the above
Correct Answer:- Option-A
Question24:-The power to grant or refuse leave to the State Co-operative Election Commission shall vest in A:-Registrar
B:-Government
C:-Society
D:-None of the above
Correct Answer:- Option-B
Question25:-Appointment of nominees of government in the committee of other societies shall be made by A:-Society
B:-Government
C:-Registrar
D:-None of the above
Correct Answer:- Option-C
Question26:-The amount to be paid by an apex society for conducting election
A:-Rs. 2,000
B:-Rs. 3,000
C:-Rs. 4,000
D:-Rs. 5,000
Correct Answer:- Option-D
Question27:-A declaration creating a Gehan shall be made in
A:-Form 8A
B:-Form 8B
C:-Form 8C
D:-Form 8D
Correct Answer:- Option-A
Question28:-_____ of the net profit shall be carried to Reserve Fund
A:-10%
B:-15%
C:-20%
D:-5%
Correct Answer:- Option-B
Question29:-The maximum amount that can be transferred to Co-operative member relief fund. A:-Rs. 5,000
B:-Rs. 1 lakh
C:-Rs. 1,000
D:-Rs. 50,000
Correct Answer:- Option-B
Question30:-Co-operative Education Fund is maintained by
A:-Registrar
B:-Government
C:-State Co-operative Union
D:-None of the above
Correct Answer:- Option-C
Question31:-The type of society which is exempted from the payment of audit fees A:-SC/ST Co-operatives
B:-Farming societies
C:-Social Welfare societies
D:-All of the above
Correct Answer:- Option-A
Question32:-Non-monetary disputes are to be filed before
A:-Arbitration Court
B:-Registrar
C:-Government
D:-None of the above
Correct Answer:- Option-A
Question33:-The records of a liquidated society shall be retained by the liquidator for ___ years A:-1
B:-2
C:-3
D:-4
Correct Answer:- Option-C
Question34:-The fees to be remitted by an employees society on monetary disputes A:-Rs. 500
B:-Rs. 1,000
C:-Rs. 2,000
D:-Rs. 5,000
Correct Answer:- Option-B
Question35:-An apex society having only district Co-operative banks as its members A:-KSCB
B:-KSCARDB
C:-KSEWB
D:-None of the above
Correct Answer:- Option-A
Question36:-The authority competent to impose censure to an employee of a society A:-Committee
B:-General body
C:-Secretary
D:-President
Correct Answer:- Option-D
Question37:-Dispute relating to the election to the circle co-operative Union is referred to A:-Government
B:-Tribunal
C:-Registrar
D:-Arbitration Court
Correct Answer:- Option-C
Question38:-The maximum amount to be paid as fees for appeals in monetary disputes A:-Rs. 1,000
B:-Rs. 2,000
C:-Rs. 3,000
D:-Rs. 4,000
Correct Answer:- Option-B
Question39:-The existing Co-operative principles are approved by ICA in A:-1995
B:-1921
C:-1996
D:-2006
Correct Answer:- Option-A
Question40:-Headquarter of all India Coir Board
A:-Alappuzha
B:-Kottayam
C:-Thrissur
D:-Ernakulam
Correct Answer:- Option-D
Question41:-Authorised share capital is mentioned in
A:-Byelaw
B:-Co-op Societies Act
C:-Rules
D:-All of the above
Correct Answer:- Option-A
Question42:-Which is the security for Crop Loan
A:-Landed properties
B:-Anticipated Crop
C:-Crop
D:-None of the above
Correct Answer:- Option-B
Question43:-''Operations Flood'' was a movement sponsored by
A:-NCCF
B:-NAFED
C:-NCGI
D:-NDDB
Correct Answer:- Option-D
Question44:-Who among the following is having no voting right in co-operatives
A:-Nominated member
B:-Ordinary member
C:-Nominal member
D:-None of the above
Correct Answer:- Option-C
Question45:-Special commodity type of federation in Kerala
A:-NAFED
B:-Rubbermark
C:-Consumerfed
D:-None of the above
Correct Answer:- Option-C
Question46:-DV file relates to
A:-SCB
B:-DCB
C:-Marketing Co-ops
D:-Agri. and Rural Development Banks
Correct Answer:- Option-D
Question47:-Father of Co-operative movement in India
A:-Frederic Nocholson
B:-Sir Edward Law
C:-Maclagan
D:-None of the above
Correct Answer:- Option-A
Question48:-RBI was nationalized in
A:-1956
B:-1949
C:-1935
D:-1944
Correct Answer:- Option-B
Question49:-Which among the following is an apex federation without primaries?
A:-Markerfed
B:-Kerafed
C:-Coirfed
D:-Consumerfed
Correct Answer:- Option-B
Question50:-Power of a liquidator of a co-operative society is derived from _____ of the KCS Act. A:-Sn. 73
B:-Sn. 72
C:-Sn. 70
D:-Sn. 71
Correct Answer:- Option-A
Question51:-A society which has received the assistance from government in the form of share capital is known as A:-Assistant society
B:-Subsidiary society
C:-Assisted society
D:-None of the above
Correct Answer:- Option-C
Question52:-The Vigilance officer shall be under the administrative control of
A:-Registrar
B:-DGP
C:-Government
D:-None of the above
Correct Answer:- Option-A
Question53:-No society shall dispose of its any immovable property without the prior sanction of A:-Government
B:-Registrar
C:-General Body
D:-Both General body and Registrar
Correct Answer:- Option-D
Question54:-The procedure for the conduct of inquiry and inspection is described in ____ of KCS Act. A:-Rule 62
B:-Rule 66
C:-Rule 64
D:-Rule 67
Correct Answer:- Option-B
Question55:-The presiding officer of Co-operative Arbitration Court is appointed by
A:-Government
B:-Registrar
C:-High Court
D:-None of the above
Correct Answer:- Option-A
Question56:-An award passed by the Co-operative Arbitration Court is to be kept intact for ___ years A:-5
B:-8
C:-10
D:-12
Correct Answer:- Option-D
Question57:-The auditor should submit the audit report within ____ days from the date of completion of the audit of a society A:-60
B:-45
C:-30
D:-20
Correct Answer:- Option-C
Question58:-The presiding officer to elect the president and other office bearers is appointed by
A:-Government
B:-Registrar
C:-Committee
D:-Election Commission
Correct Answer:- Option-D
Question59:-The President of a society is removed by
A:-Government
B:-Registrar
C:-Committee
D:-Election Commission
Correct Answer:- Option-C
Question60:-The ''Co-operative society'' is a subject enlisted in
A:-Central List
B:-State List
C:-Concurrent list
D:-All of the above
Correct Answer:- Option-B
Question61:-The custodian of the ballot papers relating to the election of circle co-operative union A:-Secretary
B:-State Co-operative Union
C:-Registrar
D:-None of the above
Correct Answer:- Option-A
Question62:-A society may change its name by
A:-Approval of general body
B:-Approval of committee
C:-Byelaw amendment
D:-None of the above
Correct Answer:- Option-C
Question63:-The qualification for appointment in any post of a Co-operative society is detailed in ____ of KCS Act. A:-Rule 185
B:-Rule 186
C:-Rule 187
D:-Rule 188
Correct Answer:- Option-B
Question64:-Partnership of Co-operative societies is done as per ___ of KCS Act.
A:-Sn. 13A
B:-Sn. 13B
C:-Sn. 14A
D:-Sn. 14B
Correct Answer:- Option-D
Question65:-Members of a society is expelled as per ____ of KCS Act.
A:-Sn. 15
B:-Sn. 16
C:-Sn. 17
D:-Sn. 18
Correct Answer:- Option-C
Question66:-Right of a member to get information of a society is detailed in___of KCS Act
A:-Sn.19A
B:-Sn. 19B
C:-Sn. 19C
D:-Sn. 19D
Correct Answer:- Option-B
Question67:-_____ of the net profits shall be transferred to Co-operative Member Relief Fund.
A:-10%
B:-15%
C:-5%
D:-20%
Correct Answer:- Option-A
Question68:-Application for the byelaw amendment of a society shall be disposed of within ____ days of receipt of such application A:-30
B:-45
C:-60
D:-90
Correct Answer:- Option-D
Question69:-Every application for registration of a society shall be made in
A:-Form -I in duplicate
B:-Form-I in triplicate
C:-Form-II in duplicate
D:-Form -II in triplicate
Correct Answer:- Option-A
Question70:-_____ may give further extension not exceeding 6 months for starting a society after registration A:-Government
B:-Registrar
C:-General Body
D:-None of the above
Correct Answer:- Option-B
Question71:-The National Federation of Agriculture and Rural Development Bank was started in 1960 at A:-Mumbai
B:-Delhi
C:-Hyderabad
D:-Calcutta
Correct Answer:- Option-C
Question72:-Trade credit is given by which type of societies
A:-Service Co-op Bank
B:-Farmers Co-op bank
C:-Dist Co-op Bank
D:-Marketing Society
Correct Answer:- Option-D
Question73:-The Fund known as '' Without boundaries'' is constituted by which country in Co-operative Field. A:-England
B:-Sweden
C:-Denmark
D:-None of the above
Correct Answer:- Option-B
Question74:-ICA's last congress was held at
A:-England
B:-Paris
C:-Newzealand
D:-Manchester
Correct Answer:- Option-D
Question75:-Who can exercise casting vote in the Managing committee?
A:-Chairman
B:-Managing Director
C:-Administrator
D:-Secretary
Correct Answer:- Option-A
Question76:-The quorum of General Body is fixed in
A:-Co-operative Societies Act
B:-Rules
C:-Byelaw
D:-None of the above
Correct Answer:- Option-C
Question77:-Dr. Varghese Kurien is related to
A:-Green Revolution
B:-Pink Revolution
C:-Blue Revolution
D:-White Revolution
Correct Answer:- Option-D
Question78:-'KRITHI' is a book fair organised by
A:-Kerala State Co-operative Union
B:-SPCS
C:-Ernakulam District Co-operative Bank
D:-Kerala State Co-operative Bank
Correct Answer:- Option-B
Question79:-Registrar shall classify the society according to its type in accordance with section A:-16
B:-15
C:-14
D:-17
Correct Answer:- Option-B
Question80:-NBS in a unit of
A:-KSCB
B:-SPCS
C:-RAIDCO
D:-CAMPCO
Correct Answer:- Option-B
Question81:-The Co-operative flag has ____ colours
A:-7
B:-11
C:-5
D:-9
Correct Answer:- Option-A
Question82:-The departmental stores run by Kerala Co-operative consumers federation is A:-Maveli
B:-Neethi Store
C:-Thriveni
D:-Vamana store
Correct Answer:- Option-C
Question83:-The proceedings of a committee meeting of a society shall be recorded in A:-Day book
B:-General ledger
C:-Liability Register
D:-Minutes book
Correct Answer:- Option-D
Question84:-One of the following is not a co-operative principle
A:-Autonomy and Independence
B:-Member economic participation
C:-Voluntary and closed membership
D:-Concern for community
Correct Answer:- Option-C
Question85:-An individual member in a co-operative society should have attained the age of
A:-18
B:-20
C:-21
D:-35
Correct Answer:- Option-A
Question86:-Consortium lending scheme was framed under section _____ of KCS Act.
A:-56A
B:-57A
C:-57B
D:-57C
Correct Answer:- Option-D
Question87:-A special charge on movable/immovable property in favour of a bank by a mere declaration in writing by the borrower A:-Mortgage deed
B:-Encumbrance certificate
C:-Gehan
D:-None of the above
Correct Answer:- Option-C
Question88:-The motto of Co-operatives
A:-Service
B:-Dividend
C:-Profit
D:-All of the above
Correct Answer:- Option-A
Question89:-All PACs may open branches in their area of operation with the prior permission of
A:-General body
B:-Government
C:-Managing committee
D:-Registrar
Correct Answer:- Option-D
Question90:-______ is the product of economic and social condition created by Industrial Revolution Co-operative movement A:-Capital movement
B:-Co-operative movement
C:-Credit movement
D:-None of the above
Correct Answer:- Option-B
Question91:-The number of principles of co-operation enunciated by Rochdale Pioneers
A:-5
B:-6
C:-8
D:-7
Correct Answer:- Option-D
Question92:-The power to write off agricultural or non-agricultural debts of borrowers of a society is vested in A:-General Body
B:-Registrar
C:-Government
D:-None of the above
Correct Answer:- Option-B
Question93:-The penalty to be paid by a person carrying on any trade or business without obtaining the sanction of Govt. A:-Rs. 2,000
B:-Rs. 3,000
C:-Rs. 5,000
D:-Rs. 10,000
Correct Answer:- Option-A
Question94:-The power to exempt societies from any provision of KCS Act is vested in Govt as per the provisions of Section ____ KCS Act A:-100
B:-102
C:-101
D:-103
Correct Answer:- Option-C
Question95:-Pension Scheme is established as per the provision of section ___ of KCS Act.
A:-90A
B:-88A
C:-86A
D:-80A
Correct Answer:- Option-D
Question96:-In capitalism, _____ has a pivotal role to play in the business
A:-Capital
B:-Profit
C:-Owner
D:-Share
Correct Answer:- Option-A
Question97:-The ex-officio members included in the circle co-operation Union
A:-Assistant Registrar (General and Audit)
B:-Joint Registrar (General and Audit)
C:-Joint Registrar (General) and Assistant Registrar (General)
D:-Joint Director and Assistant Director
Correct Answer:- Option-A
Question98:-______ alone has the power to organize and conduct production is a feature of a socialist economy A:-Common people
B:-Central government
C:-State Government
D:-All of the above
Correct Answer:- Option-C
Question99:-Deposit mobilization is to be taken by PACs is recommended by
A:-Rural Credit Survey Committee
B:-Rural Credit Review Committee
C:-Committee on Co-op Credit
D:-CRAFICARD Committee
Correct Answer:- Option-D
Question100:-The place known as the ''Diary Farm of Europe''
A:-Italy
B:-Denmark
C:-Canada
D:-None of the above
Correct Answer:- Option-B