Legal Environment For Co Operatives Set 2

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 2

Q1 | The determination of dispute by the decision of one or more persons is called:
  • arbitration
  • audit
  • surcharge
  • none of these
Answer: arbitration
Q2 | The election of the members of the committee shall be conducted according to therule _______ of the Act.
  • 35
  • 34
  • 33
  • 32
Answer: 35
Q3 | Sec. 65 deals with ______
  • enquiry
  • audit
  • election
  • appointment
Answer: enquiry
Q4 | Rule 69 specifies the ________ procedure.
  • liquidation
  • arbitration
  • registration
  • none of these
Answer: liquidation
Q5 | _______ is a document issued by the Court directing a person to appear before a Court.
  • decree
  • award
  • summons
  • none of these
Answer: summons
Q6 | ______ is filing a petition by the aggrieved party before a higher authority.
  • decree
  • order
  • appeal
  • none of these
Answer: appeal
Q7 | The area of Central Co-operative Bank is :
  • all india
  • kerala
  • india except j.k
  • a revenue district
Answer: a revenue district
Q8 | Sec. ______ provides that a Society arc exempted from stamp duty.
  • 36
  • 38
  • 40
  • 41
Answer: 40
Q9 | The KSCU is the biggest ________ body of the co-operative movement in the state.
  • general
  • managing
  • non-official
  • official
Answer: non-official
Q10 | Audit fee calculated by transport society is :
  • hire charges collected
  • sales
  • total income
  • working capital
Answer: hire charges collected
Q11 | The secretary of a Society may be :
  • paid or honorary
  • paid
  • honorary
  • none of these
Answer: paid or honorary
Q12 | As per Sec. _______ every member of a Society shall exercise the vote in person.
  • 22
  • 21
  • 23
  • 24
Answer: 21
Q13 | Audit of a co-operative society is
  • internal
  • final
  • company
  • statutory
Answer: statutory
Q14 | Audit of a co-operative society is done as per section _____.
  • 62
  • 63
  • 80
  • 32
Answer: 63
Q15 | Auditor's plan of action is called ______.
  • audit programme
  • audit note
  • audit procedure
  • auditing
Answer: audit programme
Q16 | Who will be the chief of audit of co-operative societies as per latest Amendment?
  • registrar
  • finance secretary
  • registrar of co-operative audit
  • director of co-operative audit
Answer: director of co-operative audit
Q17 | _______ is considered as essence of auditing.
  • vouching
  • interim audit
  • voucher
  • fraud
Answer: vouching
Q18 | Quorum of managing committee is 50% and it is defined in Section ____.
  • 28(1)
  • 28(4)
  • 28(5)
  • 32
Answer: 28(1)
Q19 | Maximum shares held by a member shall not exceed ________.
  • 1 /5the of total share capital
  • rs. 5000/-
  • 1/4th of total share capital
  • 1/5th of total share capital or rs. 5000 whichever is less.
Answer: 1 /5the of total share capital
Q20 | The State Co-operative Union is established under _____ of the KCSA 1969.
  • section 86
  • section 87
  • section 88
  • section 89
Answer: section 89
Q21 | The Co-operative Service Examination Board is established as per ______ of the KCS Act1969.
  • section 80
  • section 80a
  • section 80b
  • section 80c
Answer: section 80b
Q22 | A member admitted within _____ days immediately prior to the date of election shall nothave the right to vote
  • 15
  • 30
  • 45
  • 60
Answer: 60
Q23 | No. of seats reserved for women in the committee of the society.
  • 7
  • 5
  • 3
  • 8
Answer: 3
Q24 | Every application for registration of a Co-operative society shall be made in Form No._____.
  • 1
  • 2
  • 3
  • 4
Answer: 1
Q25 | A per Sec. 27 of KCS Act, _____ is the final authority in a Co-operative Society.
  • registrar
  • president
  • general body
  • chief executive
Answer: general body
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