The was passed under the leadership of the then Diwan Sri. A. R. Banerje.

travancore cochin co-operative societies act

travancore co-operative societies act

madras co-operative societies act

cochin co-operative societies act

travancore cochin co-operative societies act

The first society was registered by the name is the present Kerala State Co-operative Bank.

edavanakkad service co-operative bank

trivandrum central co-operative bank ltd

cochin central co-operative bank ltd

travancore co-operative bank ltd

edavanakkad service co-operative bank

62 + Mcqs in Legal FrameWork for Co-operatives in Bachelor of Commerce (B Com) Page 1 McqOptions

1.	Under Co-operative Credit Societies Act 1904, a society could be formed by any . persons living in the same village or town.
A.	fifteen
B.	ten
C.	seven
D.	three
Answer» C. seven

Discussion

2.	Under Co-operative Credit Societies Act 1904, the liability of rural societies are ..
A.	limited
B.	unlimited
C.	at the option
D.	all of these
Answer» C. at the option

Discussion

3.	Under Co-operative Credit Societies Act 1904, the liability of urban societies are ..
A.	limited
B.	unlimited
C.	at the option
D.	all of these
Answer» D. all of these

Discussion

4.	The was passed under the leadership of the then Diwan Sri. A. R. Banerje.
A.	travancore co-operative societies act
B.	madras co-operative societies act
C.	cochin co-operative societies act
D.	travancore cochin co-operative societies act
Answer» D. travancore cochin co-operative societies act

Discussion

5.	The co-operative credit societies in each province were to be under the control and administration of the ..
A.	president
B.	secretary
C.	registrar
D.	none of these
Answer» D. none of these

Discussion

6.	of the surplus of co-operative credit societies should be allotted to reserve fund.
A.	10%
B.	15%
C.	20%
D.	25%
Answer» E.

Discussion

7.	As per The Co-operative Credit Societies Act 1904, no member can have more than of the total share capital.
A.
B.	1/3
C.
D.	1/5
Answer» E.

Discussion

8.	As per The Co-operative Credit Societies Act 1904, no member can hold shares exceeding in a society.
A.	rs. 1000
B.	rs. 2000
C.	rs. 5000
D.	rs. 10000
Answer» B. rs. 2000

Discussion

9.	A society could be inspected by the .. under Co-operative Societies Act 1912, on a requisition by a creditor.
A.	president
B.	secretary
C.	registrar
D.	chartered accountant
Answer» D. chartered accountant

Discussion

10.	has been made accountable for timely conduct of elections, regular convening of meetings of the managing committee.
A.	registrar
B.	board of directors
C.	managing committee
D.	secretary
Answer» C. managing committee

Discussion

11.	An amount not less than of net profit is to be transferred to the reserve fund.
A.	10%
B.	15%
C.	20%
D.	25%
Answer» C. 20%

Discussion

12.	is the head of administrative management and exercises over all control and supervision
A.	president
B.	vice president
C.	registrar
D.	secretary
Answer» B. vice president

Discussion

13.	An amount not exceeding shall be paid to the co-operative education fund.
A.	5%
B.	10%
C.	15%
D.	20%
Answer» B. 10%

Discussion

14.	. Every society has to pay to the government an audit fee within .. of the receipt of audit certificate.
A.	one month
B.	two months
C.	three months
D.	six months
Answer» B. two months

Discussion

15.	In the case of central society including a District Co-operative Bank an amount not exceeding .. of the paid up capital shall be used for dividend to its members.
A.	10%
B.	15%
C.	20%
D.	25%
Answer» E.

Discussion

16.	The audit fee is calculated on the basis of .. of the societies on the last day of the co-operative year
A.	gross profit
B.	net profit
C.	working capital
D.	paid up capital
Answer» D. paid up capital

Discussion

17.	. An enquiry is held by the .. to enquire into the constitution, working and financial conditions of a society
A.	government
B.	the general body
C.	registrar
D.	secretary
Answer» D. secretary

Discussion

18.	Representative general body may be constituted where the area of society is one or more ..
A.	states
B.	taluks
C.	districts
D.	villages
Answer» C. districts

Discussion

19.	The notice of a meeting should contain a statement of the business to be transacted at the meeting of the society which is called as .
A.	agenda
B.	minutes
C.	roll
D.	quorum
Answer» B. minutes

Discussion

20.	The . of a meeting are a written record of the proceedings of the meeting.
A.	agenda
B.	minutes
C.	roll
D.	quorum
Answer» C. roll

Discussion

21.	The general body of a society shall constitute a committee for period not exceeding .. years
A.	three
B.	four
C.	five
D.	seven
Answer» D. seven

Discussion

22.	. will convene the general body meeting, if the managing committee fails to convene the meeting.
A.	government
B.	the general body
C.	registrar
D.	secretary
Answer» D. secretary

Discussion

23.	The quorum for the general body meeting is usually . of the total number of members or a fixed number, whichever is less.
A.	1/3
B.
C.	1/5
D.	1/6
Answer» D. 1/6

Discussion

24.	The government have the right to nominate not more than persons on the committee of an apex or central society
A.	two
B.	three
C.	four
D.	five
Answer» C. four

Discussion

25.	The State Co-operative Election Commission shall be appointed by the government for a period of years.
A.	two
B.	three
C.	six
D.	five
Answer» E.

Discussion

26.	The may appoint a returning officer for the conduct of the election.
A.	government
B.	the general body
C.	registrar
D.	secretary
Answer» D. secretary

Discussion

27.	The adhoc committee will be in power for a period of . months from the date of registration.
A.	two
B.	three
C.	six
D.	five
Answer» C. six

Discussion

28.	The minimum number of persons to be present at the general, managing committee or sub-committee is called .
A.	agenda
B.	minutes
C.	roll
D.	quorum
Answer» E.

Discussion

29.	Any two or more multi-state co-operative societies may amalgamate themselves and form a new multi-state co-operative society under
A.	section 15
B.	section 16
C.	section 17
D.	section 19
Answer» B. section 16

Discussion

30.	Maximum amount of fine imposed shall be as per Madras Co-operative Societies Act.
A.	rs. 500
B.	rs. 1000
C.	rs. 1500
D.	rs. 200
Answer» B. rs. 1000

Discussion

31.	The application shall be signed in the case of a multi-state co-operative society of which all the members are individuals, by at least persons from each of the state concerned
A.	ten
B.	twenty
C.	fifteen
D.	fifty
Answer» E.

Discussion

32.	. .. means a co-operative society having as its members only other co-operative societies and the main object of which is to raise money and lend the sum to its members.
A.	financing bank
B.	circle co-operative union
C.	central society
D.	apex society
Answer» B. circle co-operative union

Discussion

33.	. .. means a member who posses only such privileges and rights of a member who is subjected only to such liabilities of a member as may be specified in the Bye-laws.
A.	member
B.	associate member
C.	past member
D.	none of these
Answer» C. past member

Discussion

34.	The maximum number of members of the committee shall not exceed .. in the case of primary societies
A.	fifteen
B.	twenty
C.	twenty five
D.	fifty
Answer» B. twenty

Discussion

35.	Every nomination paper on election of committee shall be signed by . members whose names are included in the list of members.
A.	two
B.	three
C.	four
D.	five
Answer» B. three

Discussion

36.	The first taluk bank was registered in 1923 at as per Travancore Co-operative Societies Act
A.	edavanakkad
B.	vaipinikara
C.	nagarcoil
D.	naively
Answer» D. naively

Discussion

37.	Resignation of committee members both elected and nominated shall be tendered to the ..
A.	president
B.	vice president
C.	registrar
D.	secretary
Answer» B. vice president

Discussion

38.	The committee shall meet at least . in advance and pass a resolution fixing the date, time and place for the conduct of election of the new committee.
A.	21 days
B.	14 days
C.	30 days
D.	60 days
Answer» E.

Discussion

39.	The first society was registered by the name is the present Kerala State Co-operative Bank.
A.	trivandrum central co-operative bank ltd
B.	cochin central co-operative bank ltd
C.	travancore co-operative bank ltd
D.	edavanakkad service co-operative bank
Answer» D. edavanakkad service co-operative bank

Discussion

40.	The maximum number of members of the committee shall not exceed . in the case of societies other than primary societies.
A.	fifteen
B.	twenty
C.	twenty five
D.	fifty
Answer» D. fifty

Discussion

41.	.Board of directors of multi-state co-operative society consisting of not more than members.
A.	fifteen
B.	twenty
C.	twelve
D.	twenty one
Answer» E.

Discussion

42.	No resolution shall be valid unless .. clear days notice of the proposed amendment has been given to the members.
A.	fourteen
B.	fifteen
C.	seven
D.	twenty one
Answer» C. seven

Discussion

43.	. means a society having more than one district as its area of operation and having individuals and other co-operative societies.
A.	circle co-operative union
B.	apex society
C.	federal co-operative society
D.	central society
Answer» D. central society

Discussion

44.	Maximum number of shares for which a member was entitled was of the total paid up share capital as per Madras Co-operative Societies Act.
A.
B.	1/3
C.
D.	1/5
Answer» E.

Discussion

45.	As per Madras Co-operative Societies Act, the audit of the societies must be done by ..
A.	secretary
B.	chairman
C.	chartered accountant
D.	registrar
Answer» E.

Discussion

46.	In the case of federal society, number of individuals in the society and the committee there of shall not exceed of the total number of members in the society.
A.	10%
B.	15%
C.	20%
D.	25%
Answer» E.

Discussion

47.	The registration certificate of multi-state co-operative society is issued under ..
A.	section 5
B.	section 8
C.	section 4
D.	section 7
Answer» C. section 4

Discussion

48.	The application for registration of multi-state co-operative society is made to .
A.	the central govt.
B.	central registrar
C.	secretary
D.	financing bank
Answer» C. secretary

Discussion

49.	The registration certificate of multi-state co-operative society is issued by .
A.	the central govt.
B.	central registrar
C.	secretary
D.	financing bank
Answer» C. secretary

Discussion

50.	. means a society having jurisdiction over one or more Revenue Districts but not the whole of the State as its area of operation and having as its members only other societies and declared as such by the Registrar or the government.
A.	circle co-operative union
B.	apex society
C.	federal co-operative society
D.	central society
Answer» E.

Discussion

Explore topic-wise MCQs in Bachelor of Commerce (B Com).

Under Co-operative Credit Societies Act 1904, a society could be formed by any . persons living in the same village or town.

Under Co-operative Credit Societies Act 1904, the liability of rural societies are ..

Under Co-operative Credit Societies Act 1904, the liability of urban societies are ..

The was passed under the leadership of the then Diwan Sri. A. R. Banerje.

The co-operative credit societies in each province were to be under the control and administration of the ..

of the surplus of co-operative credit societies should be allotted to reserve fund.

As per The Co-operative Credit Societies Act 1904, no member can have more than of the total share capital.

As per The Co-operative Credit Societies Act 1904, no member can hold shares exceeding in a society.

A society could be inspected by the .. under Co-operative Societies Act 1912, on a requisition by a creditor.

has been made accountable for timely conduct of elections, regular convening of meetings of the managing committee.

An amount not less than of net profit is to be transferred to the reserve fund.

is the head of administrative management and exercises over all control and supervision

An amount not exceeding shall be paid to the co-operative education fund.

. Every society has to pay to the government an audit fee within .. of the receipt of audit certificate.

In the case of central society including a District Co-operative Bank an amount not exceeding .. of the paid up capital shall be used for dividend to its members.

The audit fee is calculated on the basis of .. of the societies on the last day of the co-operative year

. An enquiry is held by the .. to enquire into the constitution, working and financial conditions of a society

Representative general body may be constituted where the area of society is one or more ..

The notice of a meeting should contain a statement of the business to be transacted at the meeting of the society which is called as .

The . of a meeting are a written record of the proceedings of the meeting.

The general body of a society shall constitute a committee for period not exceeding .. years

. will convene the general body meeting, if the managing committee fails to convene the meeting.

The quorum for the general body meeting is usually . of the total number of members or a fixed number, whichever is less.

The government have the right to nominate not more than persons on the committee of an apex or central society

The State Co-operative Election Commission shall be appointed by the government for a period of years.

The may appoint a returning officer for the conduct of the election.

The adhoc committee will be in power for a period of . months from the date of registration.

The minimum number of persons to be present at the general, managing committee or sub-committee is called .

Any two or more multi-state co-operative societies may amalgamate themselves and form a new multi-state co-operative society under

Maximum amount of fine imposed shall be as per Madras Co-operative Societies Act.

The application shall be signed in the case of a multi-state co-operative society of which all the members are individuals, by at least persons from each of the state concerned

. .. means a co-operative society having as its members only other co-operative societies and the main object of which is to raise money and lend the sum to its members.

. .. means a member who posses only such privileges and rights of a member who is subjected only to such liabilities of a member as may be specified in the Bye-laws.

The maximum number of members of the committee shall not exceed .. in the case of primary societies

Every nomination paper on election of committee shall be signed by . members whose names are included in the list of members.

The first taluk bank was registered in 1923 at as per Travancore Co-operative Societies Act

Resignation of committee members both elected and nominated shall be tendered to the ..

The committee shall meet at least . in advance and pass a resolution fixing the date, time and place for the conduct of election of the new committee.

The first society was registered by the name is the present Kerala State Co-operative Bank.

The maximum number of members of the committee shall not exceed . in the case of societies other than primary societies.

.Board of directors of multi-state co-operative society consisting of not more than members.

No resolution shall be valid unless .. clear days notice of the proposed amendment has been given to the members.

. means a society having more than one district as its area of operation and having individuals and other co-operative societies.

Maximum number of shares for which a member was entitled was of the total paid up share capital as per Madras Co-operative Societies Act.

As per Madras Co-operative Societies Act, the audit of the societies must be done by ..

In the case of federal society, number of individuals in the society and the committee there of shall not exceed of the total number of members in the society.

The registration certificate of multi-state co-operative society is issued under ..

The application for registration of multi-state co-operative society is made to .

The registration certificate of multi-state co-operative society is issued by .

. means a society having jurisdiction over one or more Revenue Districts but not the whole of the State as its area of operation and having as its members only other societies and declared as such by the Registrar or the government.