MCQOPTIONS
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MCQOPTIONS
This section includes 74 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Commerce (B Com) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Co-operative movement originated first in_______________________. |
| A. | Spain |
| B. | France |
| C. | England |
| D. | Germany |
| Answer» D. Germany | |
| 2. |
Which principle is not included in ICA-1995? |
| A. | Voluntary and open membership |
| B. | Limited interest on share capital |
| C. | Democratic member control |
| D. | Co-operation among co-operatives |
| Answer» C. Democratic member control | |
| 3. |
The Co-operative Societies Act was passed in India in the year________________. |
| A. | 1911 |
| B. | 1912 |
| C. | 1913 |
| D. | 1914 |
| Answer» C. 1913 | |
| 4. |
Apex Society means ______________ level society. |
| A. | State |
| B. | Village |
| C. | District |
| D. | National |
| Answer» D. National | |
| 5. |
Co-operation is included in the _____________ schedule of Indian Constitution. |
| A. | V |
| B. | VI |
| C. | VII |
| D. | IX |
| Answer» D. IX | |
| 6. |
One man one vote principle was recommended by ______________ Committee. |
| A. | Minto Morley |
| B. | Gorwala |
| C. | Mac Lagan |
| D. | Montague Chelmsford |
| Answer» D. Montague Chelmsford | |
| 7. |
The Head office of NCDC is at____________________ |
| A. | Delhi |
| B. | Mumbai |
| C. | Calcutta |
| D. | Chennai |
| Answer» B. Mumbai | |
| 8. |
What is the meaning of the word "Co-operari"? |
| A. | Self-help and mutual help |
| B. | Working together |
| C. | All for one and one for all |
| D. | Each for all and all for each |
| Answer» C. All for one and one for all | |
| 9. |
The objective of co-operative society is__________________. |
| A. | Service |
| B. | Profit |
| C. | Self help |
| D. | Mutual help |
| Answer» B. Profit | |
| 10. |
______________ is a Golden means between ____________ and _______________. |
| A. | Co-operation, Capitalism, Socialism |
| B. | Co-operation ,Socialism, Communism |
| C. | Co-operation, Communism, Capitalism |
| D. | All of the above |
| Answer» B. Co-operation ,Socialism, Communism | |
| 11. |
The first co-operative society came into being in the year__________________. |
| A. | 1670 |
| B. | 1760 |
| C. | 1860 |
| D. | 1680 |
| Answer» C. 1860 | |
| 12. |
The first successfully co-operative society started in the year _______________. |
| A. | 1744 |
| B. | 1944 |
| C. | 1844 |
| D. | 1744 |
| Answer» D. 1744 | |
| 13. |
The Rochdale Friendly Cooperative Society was formed in _________________. |
| A. | 1830 |
| B. | 1930 |
| C. | 1730 |
| D. | 1630 |
| Answer» B. 1930 | |
| 14. |
The International Co-operative Alliance (ICA) appointed a sub-committee in ________________ for the first reformulation of Principles of Co-operative Sector. |
| A. | 1934 |
| B. | 1934 |
| C. | 1964 |
| D. | 1944 |
| Answer» B. 1934 | |
| 15. |
The Cooperative Credit Societies Act was passed in __________________. |
| A. | 1901 |
| B. | 1902 |
| C. | 1903 |
| D. | 1904 |
| Answer» E. | |
| 16. |
The Cooperative Societies Act was passed in ____________________. |
| A. | 1911 |
| B. | 1912 |
| C. | 1913 |
| D. | 1914 |
| Answer» C. 1913 | |
| 17. |
The term co-operation as an institution and an enterprise related to _____________. |
| A. | Service provider |
| B. | Profit earning |
| C. | Both A and B |
| D. | None of this |
| Answer» D. None of this | |
| 18. |
Democratic control in co-operative means__________________. |
| A. | Control by member user |
| B. | Government control |
| C. | Control by registrar |
| D. | Board of director |
| Answer» B. Government control | |
| 19. |
__________________ Committee suggested the formation of National Level Cooperative Bank. |
| A. | Khushro Committee |
| B. | Planning Commission |
| C. | Saraiya Committee |
| D. | None of this |
| Answer» B. Planning Commission | |
| 20. |
A society having a state as its area of operation and other society as its member is known as __________________________. |
| A. | Primary Society |
| B. | Apex Society |
| C. | Both A and B |
| D. | All of the above |
| Answer» C. Both A and B | |
| 21. |
Headquarters of NDDB (National Dairy Development Board) is at ____________. |
| A. | Anand |
| B. | Delhi |
| C. | AMUL |
| D. | None of this |
| Answer» D. None of this | |
| 22. |
A society having a Village as its area of operation known as__________________. |
| A. | Primary Society |
| B. | Apex Society |
| C. | Central Society |
| D. | All of the above |
| Answer» B. Apex Society | |
| 23. |
Crop Loan means: ________________________ |
| A. | Loan on the basis of crop |
| B. | Long term loans |
| C. | No security loan |
| D. | Medium term loan |
| Answer» B. Long term loans | |
| 24. |
Co-operative societies should be established by____________________. |
| A. | Individuals |
| B. | Capitalists |
| C. | Members |
| D. | None of the Above |
| Answer» D. None of the Above | |
| 25. |
Rochdale's cooperative principles are _________________________. |
| A. | Democratic Control |
| B. | Open Membership |
| C. | Spread Of Education |
| D. | All of the Above |
| Answer» E. | |
| 26. |
__________________is an economic system with a social content. |
| A. | Cooperation |
| B. | Socialism |
| C. | Capitalism |
| D. | None of the Above |
| Answer» B. Socialism | |
| 27. |
Increasing the income level of people in developing countries means __________development. |
| A. | Social |
| B. | Political |
| C. | Financial |
| D. | None of the Above |
| Answer» D. None of the Above | |
| 28. |
India has adopted a new open economic policy since_________________. |
| A. | 1991 |
| B. | 1993 |
| C. | 1995 |
| D. | 1997 |
| Answer» B. 1993 | |
| 29. |
The co-operative movement has become a tool for_________________ development. |
| A. | Rural |
| B. | Semi-Urban |
| C. | Urban |
| D. | None of the Above |
| Answer» B. Semi-Urban | |
| 30. |
The co-operative movement is a way to eliminate _________________ inequality in the society. |
| A. | Urban |
| B. | Rural |
| C. | Economic |
| D. | Political |
| Answer» D. Political | |
| 31. |
Primary agricultural credit works at ___________________level. |
| A. | District or State |
| B. | Village or Taluka |
| C. | State or Country |
| D. | None of the Above |
| Answer» C. State or Country | |
| 32. |
In India, the Co-operation Act was passed in the year________________. |
| A. | 1901 |
| B. | 1904 |
| C. | 1903 |
| D. | 1902 |
| Answer» C. 1903 | |
| 33. |
Mr. Shivajirao Patil Committee submitted its report to the Government in _________. |
| A. | 2003 |
| B. | 2005 |
| C. | 2007 |
| D. | 2009 |
| Answer» E. | |
| 34. |
The first central bank in India was set up in _____________________ during 1906. |
| A. | Uttar Pradesh |
| B. | Maharashtra |
| C. | Gujarat |
| D. | Karnataka |
| Answer» B. Maharashtra | |
| 35. |
70% of the total population of India is dependent on _____________for employment. |
| A. | Trade |
| B. | Industry |
| C. | Agriculture |
| D. | Service Sector |
| Answer» D. Service Sector | |
| 36. |
Agriculture and Rural Development Banks are also called as ________________. |
| A. | Cooperative Banks |
| B. | Government Banks |
| C. | Urban Banks |
| D. | Land Development Banks |
| Answer» E. | |
| 37. |
State Co-operative Bank operates at ____________________ level. |
| A. | Village |
| B. | Taluka |
| C. | District |
| D. | State |
| Answer» E. | |
| 38. |
Labour Cooperative Society can be established in________________ areas. |
| A. | District or State |
| B. | State or Central |
| C. | Rural or Urban |
| D. | None of the Above |
| Answer» D. None of the Above | |
| 39. |
The Bank Regulation Act was enacted for civil co-operative banks from __________. |
| A. | 1956 |
| B. | 1966 |
| C. | 1977 |
| D. | 1988 |
| Answer» C. 1977 | |
| 40. |
The Industrial Committee of 1918 was suggested that Domestic and Cottage Industries should be established on _______________principle. |
| A. | Cooperative |
| B. | Government |
| C. | Individual |
| D. | Private |
| Answer» C. Individual | |
| 41. |
Which bank is called as _____________________.Apex bank? |
| A. | RBI |
| B. | District Co-Operative |
| C. | State Cooperative |
| D. | Saraswat |
| Answer» D. Saraswat | |
| 42. |
Bangalore City Co-operative Credit Society was established in__________________. |
| A. | Mumbai |
| B. | Madras |
| C. | Calcutta |
| D. | Bangalore |
| Answer» E. | |
| 43. |
The father of co-operation is _____________________. |
| A. | Robert Owen |
| B. | Edworth |
| C. | Pandit Nehru |
| D. | Rajiv Gandhi |
| Answer» B. Edworth | |
| 44. |
The structure of cooperation is________________. |
| A. | Two-Tier |
| B. | Three-Tier |
| C. | Unitary |
| D. | None Of The Above |
| Answer» C. Unitary | |
| 45. |
The origin of cooperation is ___________________. |
| A. | Germany |
| B. | Japan |
| C. | England |
| D. | India |
| Answer» D. India | |
| 46. |
The first co-operative sugar factory in Asia was started in_____________________. |
| A. | Pune |
| B. | Pravaranagar |
| C. | Kolhapur |
| D. | Sangli |
| Answer» C. Kolhapur | |
| 47. |
Where are the largest urban co-operative banks in India? |
| A. | Maharashtra and Gujarat |
| B. | Gujarat and Tamil Nadu |
| C. | Maharashtra and Karnataka |
| D. | Maharashtra and Uttar Pradesh |
| Answer» B. Gujarat and Tamil Nadu | |
| 48. |
State Co-operative Banks are controlled by ______________________. |
| A. | RBI |
| B. | SBI |
| C. | Land Development Bank |
| D. | NABARD |
| Answer» E. | |
| 49. |
The Urban cooperative banks, salary earners societies, thrift and credit societies are examples of _____________________. |
| A. | Agricultural credit societies |
| B. | Non-Agricultural credit societies |
| C. | Both A and B |
| D. | None of the above |
| Answer» C. Both A and B | |
| 50. |
PACS stand for _____________________________. |
| A. | Primary Agricultural Cooperative Society |
| B. | Primary Association of Credit Societies |
| C. | Primary Agricultural Credit Society |
| D. | Primary Association of Credit Societies |
| Answer» B. Primary Association of Credit Societies | |