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This set of Legal FrameWork for Co-operatives Multiple Choice Questions & Answers (MCQs) focuses on Legal Framework For Co Operatives Set 5
Q1 | …………… is the head of administrative management and exercises overall control and supervision
- president
- vice president
- registrar
- secretary
Q2 | The ………….. is the chief executive of the co-operative society.
- president
- vice president
- registrar
- secretary
Q3 | The disposal of net profit of a co-operative society shall be made as per …..
- section 55
- section 56
- section 57
- section 58
Q4 | An amount not less than ………… of net profit is to be transferred to thereserve fund.
- 10%
- 15%
- 20%
- 25%
Q5 | An amount not exceeding ……… shall be paid to the co-operativeeducation fund.
- 5%
- 10%
- 15%
- 20%
Q6 | In the case of central society including a District Co-operative Bank anamount not exceeding ……….. of the paid up capital shall be used for dividend to its members.
- 10%
- 15%
- 20%
- 25%
Q7 | . Every society has to pay to the government an audit fee within ….. … ofthe receipt of audit certificate.
- one month
- two months
- three months
- six months
Q8 | The audit fee is calculated on the basis of ………………….. of the societieson the last day of the co-operative year
- gross profit
- net profit
- working capital
- paid up capital
Q9 | ……………society is exempted from the payment of audit fees.
- harijans or girijans
- farming
- social welfare
- all of these
Q10 | . An enquiry is held by the ……….. to enquire into the constitution,working and financial conditions of a society
- government
- the general body
- registrar
- secretary
Q11 | . ….. is the determination of dispute by the decision of one or more person.
- enquiry
- arbitration
- decision
- judgment
Q12 | . A liquidator is appointed to liquidate the society or to wind up the affairsof the society as per ……….
- section 69
- section 70
- section 71
- section 72
Q13 | The Registrar shall make an order for the cancellation of the registrationof the society under ……….
- section 70
- section 71
- section 72
- section 75