Deck 2: Co-Operative Society: Rules, Procedures, and Regulations

Question 1

The determination of dispute by the decision of one or more persons is called:

A)arbitration
B)audit
C)surcharge
D)none of these

Answer 1

arbitration

Question 2

The election of the members of the committee shall be conducted according to the rule _______ of the Act.

A)35
B)34
C)33
D)32

Answer 2

35

Question 3

Sec. 65 deals with ______

A)enquiry
B)audit
C)election
D)appointment

Answer 3

enquiry

Question 4

Rule 69 specifies the ________ procedure.

A)liquidation
B)arbitration
C)registration
D)none of these

Question 5

_______ is a document issued by the Court directing a person to appear before a Court.

A)decree
B)award
C)summons
D)none of these

Question 6

______ is filing a petition by the aggrieved party before a higher authority.

A)decree
B)order
C)appeal
D)none of these

Question 7

The area of Central Co-operative Bank is :

A)all india
B)kerala
C)india except j.k
D)a revenue district

Question 8

Sec. ______ provides that a Society arc exempted from stamp duty.

A)36
B)38
C)40
D)41

Question 9

The KSCU is the biggest ________ body of the co-operative movement in the state.

A)general
B)managing
C)non-official
D)official

Question 10

Audit fee calculated by transport society is :

A)hire charges collected
B)sales
C)total income
D)working capital

Question 11

The secretary of a Society may be :

A)paid or honorary
B)paid
C)honorary
D)none of these

Question 12

As per Sec. _______ every member of a Society shall exercise the vote in person.

A)22
B)21
C)23
D)24

Question 13

Audit of a co-operative society is

A)internal
B)final
C)company
D)statutory

Question 14

Audit of a co-operative society is done as per section _____.

A)62
B)63
C)80
D)32

Question 15

Auditor's plan of action is called ______.

A)audit programme
B)audit note
C)audit procedure
D)auditing

Question 16

Who will be the chief of audit of co-operative societies as per latest Amendment?

A)registrar
B)finance secretary
C)registrar of co-operative audit
D)director of co-operative audit

Question 17

_______ is considered as essence of auditing.

A)vouching
B)interim audit
C)voucher
D)fraud

Question 18

Quorum of managing committee is 50% and it is defined in Section ____.

A)28(1)
B)28(4)
C)28(5)
D)32

Question 19

Maximum shares held by a member shall not exceed ________.

A)1 /5the of total share capital
B)rs. 5000/-
C)1/4th of total share capital
D)1/5th of total share capital or rs. 5000 whichever is less.

Question 20

The State Co-operative Union is established under _____ of the KCSA 1969.

A)section 86
B)section 87
C)section 88
D)section 89

Question 21

The Co-operative Service Examination Board is established as per ______ of the KCS Act 1969.

A)section 80
B)section 80a
C)section 80b
D)section 80c

Question 22

A member admitted within _____ days immediately prior to the date of election shall not have the right to vote

A)15
B)30
C)45
D)60

Question 23

No. of seats reserved for women in the committee of the society.

A)7
B)5
C)3
D)8

Question 24

Every application for registration of a Co-operative society shall be made in Form No. _____.

A)1
B)2
C)3
D)4

Question 25

A per Sec. 27 of KCS Act, _____ is the final authority in a Co-operative Society.

A)registrar
B)president
C)general body
D)chief executive