Co Operative Management And Administration Set 4
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This set of Co-operative Management and Administration Multiple Choice Questions & Answers (MCQs) focuses on Co Operative Management And Administration Set 4
Q1 | The minimum qualification for education to the HDC course is a …………………
- university degree.
- post graduation
- +2 pass
- 10 pass.
Q2 | H.D.C is a ………………………….in cooperation of 11 months duration including twomonths practical training.
- under graduate diploma course
- post graduate diploma course
- doctorate
- none of the above
Q3 | The minimum qualification for education to the ………………..course is a University Degree.
- h.d.c
- j.d.c
- p
- c
Q4 | ……………………. is the art of recording all the business transactions in the books of accountand is mainly related to books of original entry as well as the ledger.
- bookkeeping
- accountancy
- auditing
- all of the above
Q5 | ………………… is mainly concerned with the summary and analysis of the record furnishedby Bookkeeping.
- accountancy
- auditing
- cost accounting
- all of the above
Q6 | Every society shall maintain …………………for recording the proceedings of the generalbody.
- minutes book
- note book
- file
- record book
Q7 | Every society shall maintain …………………for recording the applications for membershipcontaining the name and address of the applicant.
- minutes book
- share application register
- admission register
- note book
Q8 | Every society shall maintain …………………for recording the applications formembership,the number of shares applied for and in case of refusal, the date of communication of the decision refusing admission to the applicant.
- minutes book
- share application register
- admission register
- note book
Q9 | ……………is a Register, showing the name and address of each member, the date ofadmission, the shares taken by him and the amount of share capital, if any refunded to him together with the date of each such payment and refund.
- nomination register
- share application register
- admission register
- minutes book
Q10 | Every society shall maintain ……………….. , showing daily receipts and expenditure, and thebalance at the end of each day.
- day book
- cash book
- receipt book
- general ledger
Q11 | Every society shall maintain ……………….. , containing all vouchers for contingentexpenditure incurred by the society, numbered serially and filed chronologically
- voucher file
- day book
- cash book
- receipt book
Q12 | Every society shall maintain………………..,showing deposits and other borrowings of allkinds.
- general ledger
- ledger of borrowing
- register of monthly receipts and disbursement
- none of the above
Q13 | In the case of a society, the working capital of which exceeds twenty thousand rupees, ……………………………..showing receipts and disbursements and the outstanding undervarious heads from day to dayis maintained.
- general ledger
- ledger of borrowing
- register of monthly receipts and disbursement
- none of the above
Q14 | In the case of issuing loans, …………………………., showing the number and date ofdisbursement of each loan issued to members the amount of loan, the purpose for which it is granted and the date or dates of repayment, distinguishing principal and interest
- loan ledger
- ledger of borrowing
- register of monthly receipts and disbursement
- suspense account register
Q15 | Every society shall maintain ……………….. showing the indebtedness of each member to the society whether on account of loan taken directly by him or on account of loan which he stands as surety.
- liability register
- loan ledger
- ledger of borrowing
- suspense account register
Q16 | In the case of a society with unlimited liability, property statement of members showing theassets and liabilities of each individual member on the date of his admission with full details of the property including the survey number of the lands, is kept in ………………………..
- liability register
- loan ledger
- suspense account register
- register of declaration
Q17 | Every co-operative society shall maintain accounts and book for the purpose of recordingbusiness transactions by it and close them every year on …………………
- 31st december, by the 31st january
- 31st march, by the 30th april.
- 30th june, by the 31st july
- 30th september, by 31st october
Q18 | Every balance sheet of a co-operative society shall give …………………… view of the stateof affairs of the society as at the end of the Co-operative year.
- a true and fair
- actual
- fair
- overall
Q19 | Every Co-operative society shall submit to the …………………..annually within April eachyear a copy of each of the statements specified in the act.
- auditor
- directors
- secretary
- registrar
Q20 | A statement which contains a classified summary or list of all closing balances of the GeneralLedger is known as the ………………….
- profit and loss account
- balance sheet
- trial balance
- receipts and payments
Q21 | If the totals of two sides of trial balances agree, normally it signifies the ………………. of theaccounts.
- correctness
- accuracy
- arithmetical accuracy
- true and fair view
Q22 | The odd one out in the following is…………………….
- fuel, oil electricity and other power charges.
- store and spare parts consumed.
- direct or indirect labour.
- cost of goods purchased
Q23 | The odd one out in the following is…………………….
- direct or indirect labour.
- maintenance of factory, plant, machinery, tools, stores, etc.
- insurance of factory building, tools, machinery etc.
- value of closing stock.
Q24 | ……………..is not shown in Manufacturing Account.
- factory lighting, water charges etc.
- interest paid and due
- rent, rates and taxes of the factory premises.
- salaries of the technical staff and officers including works manager, factory superintendent etc.
Q25 | Cost of goods purchased, Net sale proceeds, Value of closing stock are shownin……………….
- profit and loss account
- trading account
- manufacturing account
- balance sheet