Legal Framework For Co Operatives Set 5

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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