Legal Environment For Co Operatives Set 4

Bachelor of Commerce (B Com),

Bachelor of Commerce in Co-operation (B.Com Co-operation)

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This set of Legal Environment for Co-operatives Multiple Choice Questions & Answers (MCQs) focuses on Legal Environment For Co Operatives Set 4

Q1 | Section ____ of KCS Act states that Co-op society can be registered with limited Liability?
  • sec. 5
  • sec. 6
  • sec. 4
  • sec.7
Answer: sec. 5
Q2 | _______ is the monthly publication of the Co-operative Department in Kerala.
  • kerala co-operative journal
  • sahakarana veedhi
  • paraspara sahay
  • sahakarana prabhodhini
Answer: sahakarana veedhi
Q3 | The resignation letter from a member of the Managing Committee of a society can beaccepted or rejected by ___________.
  • president
  • registrar
  • managing committee
  • general body
Answer: president
Q4 | Audit classification helps to guage the _______ of a society.
  • financial stability
  • profitability
  • general working
  • liquidity
Answer: financial stability
Q5 | Securing of possession of records of a Co-operative society is dealt with under Section ____of KCS Act.
  • 34
  • 24
  • 40
  • 44
Answer: 34
Q6 | Disposal of net profit of Co-operative societies shall be made as per section _____.
  • 58
  • 56
  • 57
  • 55
Answer: 56
Q7 | Sec 28AB of KCS Act 1969 deals with ______
  • election and removal of president, vice president
  • state co-operative election commission
  • annual general body meeting
  • special general body meeting
Answer: election and removal of president, vice president
Q8 | A Central society shall utilize the Subsidiary State Partnership Fund for the purpose of_____.
  • purchasing shares in primary societies
  • making payments to apex society
  • all of these
  • none of these
Answer: all of these
Q9 | An apex society shall utilize Principal State Partnership Fund for the purpose of _______.
  • directly purchasing shares in other societies with limited liability
  • providing moneys to central society to enable them to purchase shares in other societies
  • making payments to the government in accordance with provisions of kcs act
  • all of these
Answer: all of these
Q10 | Annual General body meeting of a Co-operative Society shall be held
  • within one year
  • within six months of close of the year
  • within 6 months of closing of the financial year
  • within 3 months on getting the audit report
Answer: within 6 months of closing of the financial year
Q11 | The accounts of a Co-operative Society should be audited within _______ of the close of thefinancial year.
  • six months
  • one year
  • two years
  • the period as mentioned in the byelaw
Answer: six months
Q12 | In a Co-operative Society ________ is never allowed,
  • meeting
  • proxy
  • audit
  • voting
Answer: proxy
Q13 | The member of a Co-operative Society have
  • limited liability
  • unlimited liability
  • joint and several liability
  • joint liability
Answer: limited liability
Q14 | Apex Society means
  • state level society
  • district level society
  • village level society
  • national level society
Answer: state level society
Q15 | The basic principle of a Co-operative Society is
  • one share one vote
  • one member one vote
  • proxy vote
  • open votes
Answer: one member one vote
Q16 | The motto of Co-operative Society is
  • each for all and all for each
  • each for all
  • all for each
  • all for all
Answer: each for all and all for each
Q17 | The Audit memorandum is prepared by
  • registrar
  • director of co-op. audit
  • auditor
  • committee of the society
Answer: auditor
Q18 | Change of name of society is defined in Section
  • 12
  • 13
  • 14
  • 10
Answer: 10
Q19 | Every society shall start business within a period of ----------- from registration
  • 5 months
  • 3 months
  • 6 months
  • 12 months
Answer: 3 months
Q20 | Annual General body of a society is defined in Section ----------
  • 43
  • 29
  • 28
  • 28 (5)
Answer: 29
Q21 | The Co-operative Arbitration Court entertains?
  • only monetary issue
  • only non-monetary issues
  • both monetary and non-monetary issues
  • monetary issues upto rs. 10000 and non-monetary issues
Answer: only non-monetary issues
Q22 | Who among the following has all powers of the Registrar except those laid under Sections32, 71 (1) and 87 of the Kerala Co-operative Societies Act 1969?
  • deputy registrar
  • additional registrar
  • joint registrar
  • assistant registrar
Answer: deputy registrar
Q23 | As per which section, the Government gets direct partnership in the capital of a Co-operativeSociety?
  • section 41
  • section 42
  • section 50
  • section 51
Answer: section 42
Q24 | The jurisdiction of a Circle Co-operative union is?
  • grama panchayath
  • block panchayath
  • taluk
  • district
Answer: taluk
Q25 | The members of District Co-operative Bank consist of?
  • only individuals
  • individual and societies
  • primary co-op. credit societies and urban co-op. bank
  • only primary credit societies
Answer: primary co-op. credit societies and urban co-op. bank
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